British Sovereign Gold Coins

British Sovereign Gold Coins

One of the pillars of the gold bullion market for well over 200 years, the British Sovereign Gold Coin is one of the most respected and recognizable coins on the planet.

Its iconic design, rich history, and 22-karat gold content have fashioned the Sovereign as a rare opportunity for seasoned investors and serious collectors alike. Its fractional weight and record-breaking liquidity establish the Sovereign as a foundation in any wise precious metals portfolio.

Here at BOLD Precious Metals, you can purchase the full range of British Sovereign gold coins, from traditional Queen Elizabeth II and King George V designs right up to the new King Charles III Sovereigns. View our stock and become the owner of a bit of British numismatic history with the assurance of competitive prices and BOLD's quality guarantee.

The Complete History of the British Gold Sovereign

The history of the Sovereign is the history of Britain. The first Gold Sovereign was coined on the 28th of October, 1489, during the reign of King Henry VII and is therefore one of the oldest English coins in circulation.

It was a massive, authoritative coin meant to be a banner of Tudor stability and power. Our familiar "modern" Sovereign was revived in 1817 after the Great Recoinage of 1816. Its new issue included the now-iconic reverse by Italian engraver Benedetto Pistrucci: a dynamic scene of St. George killing the dragon.

This image has been the coin's identifying feature for more than two centuries. During the 19th and early 20th centuries, the British Sovereign was the world's top trading coin, everywhere accepted in the vast British Empire and beyond as certain in weight and purity.

A Reign-by-Reign Guide to Sovereign Designs

One aspect of the Sovereign's lasting popularity is the series of monarch portraits featured on its reverse. Each effigy marks a separate era in British history.

  • King Charles III (2022-Present)

  • The current Sovereigns bear the very first official coinage portrait of His Majesty King Charles III by Martin Jennings. It is the first time that a new monarch has been featured on the Sovereign for more than 70 years.

  • Queen Elizabeth II (1957-2022)

  • The long reign of Queen Elizabeth II has been mirrored by five different official portraits on the Sovereign, each showing a different period in her life. These are the familiar designs by Mary Gillick (the "Young Head"), Arnold Machin, Raphael Maklouf, Ian Rank-Broadley, and Jody Clark.

  • King George V (1911-1932)

  • Sovereigns from the reign of King George V are easily found and are popular with collectors. They feature the traditional St. George and the Dragon reverse and are good quality, and of interest historically.

  • King Edward VII (1902-1910)

  • Following the long Victorian age, the King Edward VII Sovereigns brought in a new century. They continued the St. George reverse tradition and are a core component of any historical set of Sovereigns.

  • Queen Victoria (1838-1901)

  • The Victorian period also saw the evolution of some one-of-a-kind Sovereign designs, such as the "Young Head," the "Jubilee Head," and the "Old Head" or "Veiled Head." These are highly popular among collectors due to the differences in their history and design.

Understanding Sovereign Variations: Investor vs. Collector

When purchasing Gold Sovereigns, you should know the two most prominent types:

  • Bullion Sovereigns:

  • These are common-date coins that are valued mostly for their gold content. They are the most affordable type of investment in Sovereigns, with little premium over the spot price of gold. Our "Random Year" products are a great option for investors who want to buy gold weight.

  • Numismatic & Proof Sovereigns:

  • These are scarcer coins, typically in uncirculated condition or with a clear proof strike finish. Their value is based on their rarity, condition, and historical demand, and also their gold content. They are more high-end and are collected.

Key Specifications & Mint Marks

All modern British Gold Sovereigns share the same key specifications, ensuring their consistency and tradeability worldwide.

Specification Value
Gold Content 0.2354 Troy Ounces
Gross Weight 7.98 grams
Purity 22-Karat (91.67% Fine Gold)
Diameter 22.05 mm

Export to Sheets

During the height of the British Empire, Sovereigns were also struck at branch mints in Australia (Sydney, Melbourne, Perth), Canada (Ottawa), South Africa (Pretoria), and India (Bombay). These coins can be identified by small mint marks ('S', 'M', 'P', 'C', 'SA', 'I') on the reverse.

Why Invest in British Gold Sovereigns?

The British Sovereign is an investor favorite with many valid reasons:

  • Liquidity:

  • Being among the best-known gold coins worldwide, Sovereigns are highly saleable and purchasable on any corner of the earth.

  • Low Premiums:

  • The premium above the spot price for bullion Sovereigns is minimal compared to other fractional gold coins such as the 1/4 oz American Gold Eagle.

  • Historical Significance:

  • Owning Sovereigns is to own a part of world history, with the extra appeal of value over gold content.

  • Divisibility:

  • Their reduced weight (less than a quarter ounce) makes them ideal for graduated investing and offers optionality when they need to be sold.

  • Trust and Acceptance:

  • With the guarantee of The Royal Mint, the purity and weight of the Sovereign have been trusted for centuries.

Content Reviewed by Our Experts

This content has been reviewed for accuracy and completeness by the numismatic experts at BOLD Precious Metals. Our team has years of experience in the precious metals industry and is dedicated to providing our customers with the most reliable and helpful information to guide their investment decisions.

Frequently Asked Questions

How much actual gold is in a Sovereign?

A Sovereign contains 0.2354 troy ounces (or 7.32 grams) of pure gold. The coin weighs 7.98 grams, as it is made from 22-karat gold, which is 91.67% gold and 8.33% copper.

Are British Sovereigns a good investment?

Actually, for most investors, British Sovereigns are a great investment. They are an inexpensive means of holding fractional gold, highly liquid, and widely accepted. Their history and well-known purity make them a solid store of wealth.

What is the cost of a Gold Sovereign?

A Gold Sovereign's price is determined based on two conditions: the up-to-date spot price of gold and a slight premium. The premium covers minting, distribution, and the dealer's commission. Quality bullion Sovereigns have less premium than collectible or proof ones.

What is the difference between a Queen Elizabeth and a King Charles Sovereign?

The greatest distinction is the obverse (front) design of the coin. Queen Elizabeth II Sovereigns have one of five portraits of the deceased queen, while King Charles III Sovereigns have the face of the new king. Both coins have the same amount of gold and are identical in specifications.

What is the most valuable Gold Sovereign?

A Gold Sovereign is worth its grade and rarity. The majority of common-date Sovereigns are purchased at near-gold price, but some odd dates or mint marks, like 1917 from London or early Victorian coins in high grade, are worth hundreds of thousands of dollars to collectors.

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