Gold Sovereign Coins
The Gold Sovereign Coin is a British coin that is produced by the Royal Mint as a bullion coin and released for investors and collectors. With some designs being issued in limited numbers the coin attracts a lot of interest and is considered one of the standard ways in which investors can build a gold holding of their own. Steeped in history there are many examples of gold sovereigns in the UK including those that have been in circulation as well as bullion coins. Some examples of gold sovereign coins are more scarce than others and can attract significant premiums due to their rarity. The decision to buy gold sovereigns is widely regarded as a secure investment and, coupled with other forms of precious metals, offers a way to diversify a traditional investment portfolio to achieve a balance of paper and physical assets. When it comes to choosing where to buy gold sovereigns, Physical Gold has plenty of options for both investors and collectors including single investment opportunities of rare and collectible coins in addition to our bullion coins.
Used in general circulation until 1932, the gold sovereign is an iconic British coin, examples of which can be found dating back to its original issue in 1817 to present day. The sovereign is based on a coin originally minted in 1489 called the English Gold Sovereign. Produced up until 1604, these historic pieces of gold were largely produced as bullion but occasionally used in general circulation. The English Gold Sovereign is an extremely rare gold coin and was a much revered coin during its day. Originally weighing half a troy ounce, King Henry VIII decreased the gold content from 23-carat to 22-carat. Dubbed ‘crown gold’ this revision became the gold standard by which both Britain and the U.S. has adhered to.The English sovereign was replaced by the Sovereign in 1817 following the Great Recoinage of 1816. Prior to this, the weight of sovereigns (as well as other coins) fluctuated dramatically. The Coin Act provided a strict technical specification for the new sovereigns (and other coins) that remains in place today, though a small degree of adjustment was made following the adoption of decimalisation.The coins were minted exclusively in the UK between the period 1817 to 1917 when production was shared with mints in Canada, Australia and South Africa. In 1957 the coin’s production was returned exclusively to the Royal Mint until 2013 when a deal with Indian based manufacturers, MMTC-PAMP, took over some of the minting. The techniques used at MMTC-PAMP are identical to the Welsh based Royal Mint but coins produced overseas bear a special ‘I’ mark to distinguish them from British produced sovereigns.Over the years, many designs of sovereign have been issued as well as several variations including the half sovereign, double sovereign and quintuple sovereign.