Originally produced in 1544 in the reign of infamous Tudor, King Henry VIII, the half sovereign coin had a short-lived debut, being discontinued (along with the sovereign) in 1604 after just 60 years in circulation. In 1817, following a major change in the British coinage system, the half and full sovereign were brought back to the mint. Equivalent to 120 old pence at the time, the two coins were minted in gold and produced for, and used in, general circulation. In 1926, production of the half and full Sovereign was ceased for all but commemorative coins. However, in 1980 the Royal Mint resumed the annual production of both coins to their general and standard bullion issue. Though the coins have a nominal face value which is accepted as legal tender, the bullion version of the coin is largely an investment vehicle for gold or seen as a collectors coin.
You can purchase bullion half sovereigns directly from Physical Gold limited using our online shop. Our competitive prices are updated to reflect the prevailing market rates and are provided to give you the best value depending on your level of investment. Discounts are provided at regular quantity breaks with our lowest price available on purchases of 1000 or more coins.
The coin is legal tender and is therefore exempt from Capital Gains Tax which means any profit that you can make when it comes to selling your gold is yours to keep and is not subject to taxation. In addition to CGT-exemption, the coin is also UK VAT free.
As a reputable and trusted UK gold dealer, Physical Gold Limited is able to pass on these savings to its customers enabling investors to get the best deal for their gold:
Half sovereigns can be purchased from our online shop and are sent on receipt of payment with most orders being delivered within 1-2 business days. Our consignments are fulfilled by a fully insured courier.
Investors with a gold holding of over £2500 may wish to consider our storage services offered in partnership with Loomis International. Situated in Middlesex, the high-commodity vaults are fully insured and offer secure storage for your coins.