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Elizabeth II Old Head Gold Sovereign

Product code: GSOVEOF

20 in stock


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Royal Mint
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Sovereign Elizabeth II Old Head Gold Coin

The Sovereign Elizabeth II Old Head coin is one of the most recognised of Royal Mint’s Sovereigns. These are pre-owned coins in excellent condition. Because of their modest age, these coins general resemble the mint condition of brand new Sovereigns. However, all our pre-owned Sovereign coins, regardless of age, are carefully checked by our numismatic experts to ensure they meet our quality and condition standards. These coins will be packed loose but you can purchase specialist acrylic coin capsules from our accessories section which fit and protect the coins perfectly.  If you purchase a number of Sovereign coins, these ten-coin Sovereign cases safeguard and display the coins beautifully.

The obverse features the Queen Elizabeth 4th portrait, while the reverse displays the classic St.George and Dragon design by Benedetto Pistucci.

The coins will date between 1998-2015.

The picture illustrates the type of coin you’ll receive, not the exact item.


The 4th head design is the first to portray The Queen as we’re familiar with her today. It succeeds the short-lived Raphael Maklouf 3rd portrait and is decidedly more jowly and realistic than it’s predecessors. Like the previous design, the 4th portrait (by Ian Rank-Broadley) is cut off at the neck, as opposed to the full bust featured in the Young Head and Decimal versions. However, the designer felt the queen’s maturity (she was 70 years old by now), should be celebrated in the new portrait rather than hidden and idealised.

Originally the Royal Mint ran a competition to create a portrait just for the front of the 1997 Gold Wedding Crown. However, the standard of entries encouraged them to use the new portrait on all new coins. The 5th portrait by Jody Clark has since followed (from 2015), which doesn’t represent a big departure from the 4th portrait.

Which period does this coin represent?

The 4th portrait represents a period of relative stability in the Royal family. Following the upheaval of Princess Diana’s death the previous year, the Royals worked to calm unrest and provide solidity. Elizabeth had been on the throne for 46 years by the time the new coin was launched, so an air of establishment and recognition is associated with this period. The coin issuance also spans the turn of the new millennium and the celebrations which followed. Politics and the economy varied during the period, with prosperity building in the early 2000s and the eventual credit crunch from 2007. The Royals have generally grown in popularity during this period with the more modern and down-to-earth approach of Princes William and Harry, and the birth of William’s children with the popular Kate.

Our Expert Opinion

With a general abundance of supply and limited historical value, the Old Head Elizabeth offers a low-cost entry point into Tax free Gold investment. The coins are a great way to obtain a lot of gold for your money without compromising on liquidity, divisibility and tax efficiency. These coins provide a great balance if teamed with slightly older coins such as the George V and Edward VII Sovereigns.

Orders are delivered free of charge within the UK only.

Delivery is in non-branded tamper proof packaging by Royal Mail Special Delivery and is fully insured. Delivery usually takes place before 1pm on the day following despatch, but some areas may run over this timeframe.

Maximum value per parcel is £50,000, so larger orders will be sent in multiple installments.
When placing your order, the delivery address needs to match the registered address of the buyer.

You’ll receive a despatch email with a tracking link once the goods are sent so you can see the status of the delivery and location of the parcel.

In the event that no-one is in to receive the delivery, you’ll be left a red card confirming attempted delivery, with confirmation on the Royal Mail tracking page. You then have the choice of arranging redelivery or picking up the parcel from your nearest sorting office.

For more details please see section 4 of our Terms & Conditions and our Delivery & Storage page.

If you request storage for your order, your goods will be sent free of charge to the storage vaults.

All gold & silver orders are stored at Loomis International in the UK and held on a fully allocated and segregated basis.
Storage fees are 1%+VAT/year for gold and 1.5%+VAT/year for silver, subject to minimum charges.

Please see further details of storage fees and minimum charges on our Storage & Delivery page.

Storage is charged at point of purchase by selecting ‘Buy with Storage’ to the next semi-annual pay date. Semi-annual storage dates are 15 March and 15 September each year and are subject to minimum charges for the period.

A recurring storage fee will be taken from your card at each semi-annual storage date.
You can opt to have your goods delivered at any time, subject to delivery charges of £25 +0.25% of the metal value.