The Gold Sovereigns were first minted over 200 years ago and have been used as British currency ever since. Released by the Royal Mint, they are amongst the world's most investable and recognizable gold coins. As a sound investment, this coin contains 7.322 grams of 22 carat gold of 916.7 purity.
Sovereign coins first appeared in Great Britain during the reign of Henry VII in 1498. At this time they were used as presentation pieces given to visiting nobles. It wasn’t until the 16th century that they appeared as circulation coinage. These coins had a face value of £1 and were used until 1603 when James I and IV introduced a new coin named the Unite.
The sovereign coins made their debut back in 1817. The coin featured the classic George and the Dragon design by Benedetto Pistrucci. The coin was not minted for a period of time until after WWII where it appeared as the bullion coin we know today. It has since gone on to become a unique historical piece that is highly sought after by investors and collectors internationally.
Due to the economic stability of gold, these products are proven to retain their value even during times of economic stress and uncertainty. Also an incredibly popular coin, the Gold Sovereign is portable, traded with ease, and highly sought after. It can also be used as legal tender and is exempt from CGT.
1 The weight displayed is the fine metal content of the item. It does not reflect the actual weight of the product which may be higher.
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