The Gold Sovereign is one of the most famous and trusted coins in the world. First minted in 1817, it has become a symbol of British history and stability. For UK investors, it is more than just a piece of gold. Sovereigns are tax free, easy to buy and sell, and recognised everywhere. If you are thinking about investing in gold coins, the Sovereign is a strong place to start.
Why Buy Gold Sovereigns
There are plenty of reasons why Sovereigns have stood the test of time.
- Capital Gains Tax free – Because Sovereigns are legal UK tender, they are exempt from CGT. This means you keep all of your profit if you sell at a higher price.
- Recognised worldwide – The Sovereign is traded globally, making it one of the easiest coins to sell.
- Affordable entry point – Each coin contains just under a quarter of an ounce of gold, so you can build your portfolio step by step.
- Rich history – Collectors appreciate the designs and the connection to Britain’s past monarchs.
Types of Sovereigns
Not all Sovereigns are the same. Here are the main types you will find for sale in the UK.
Full Sovereign
The classic coin, weighing 7.98 grams and containing 7.32 grams of pure gold. This is the most common and widely traded version.
Half Sovereign
A smaller version weighing 3.99 grams. These carry slightly higher premiums per gram but are useful for flexibility.
Quarter Sovereign
Introduced more recently, these are mainly for collectors but still carry investment value.
Double Sovereign
Weighing 15.98 grams, this larger coin gives you more gold in a single purchase.
Popular Sovereign Designs
Over the years, Sovereigns have featured different monarchs and designs. The most recognisable is the image of St George slaying the dragon by Benedetto Pistrucci, which appears on most coins. Collectors often look for specific reigns such as Queen Victoria, Edward VII, George V, and of course modern Elizabeth II issues.
Where to Buy Sovereigns Online
Sovereigns are widely available from trusted UK dealers. Some of the most reliable places to buy include:
- The Royal Mint – The official producer of all UK Sovereigns.
- BullionByPost – Offers a wide range of Sovereigns, including different monarchs and years.
- Atkinsons Bullion – Competitive pricing and strong customer reviews.
- Chards – Well known for their extensive stock of both modern and older Sovereigns.
Always buy from established dealers that provide insured delivery and transparent pricing.
How Sovereigns Are Priced
The value of a Sovereign is based on its gold content plus a premium. Factors that influence the premium include:
- Condition of the coin
- Rarity or special year issues
- Dealer pricing policies
Standard bullion Sovereigns usually carry lower premiums than rare or collectible versions, making them a good option for investors who simply want gold exposure.
Storing Sovereigns
Because they are relatively small, Sovereigns are easy to store. Options include:
- At home – A good safe can protect a small collection.
- Bank safe deposit box – Adds extra security but comes with an annual fee.
- Professional vault storage – Offered by many dealers for larger holdings.
Selling Sovereigns
Selling Sovereigns is usually very straightforward. Most dealers buy them back and many publish live buy-back prices online. Their global recognition means you can also sell abroad if needed. Thanks to their CGT exemption, profits from Sovereigns are especially attractive for UK investors.
FAQs About Gold Sovereigns
Are Sovereigns good for investment?
Yes, they are affordable, tax free, and highly liquid, making them one of the most practical gold coins for UK investors.
Do Sovereigns always carry the same design?
Most feature St George and the dragon, but portraits of the reigning monarch change over time.
Are all Sovereigns exempt from CGT?
Yes, as long as they are legal UK tender, which includes modern and older Sovereigns.
Is it safe to buy Sovereigns online?
Yes, if you use a reputable UK dealer with insured delivery.
Final Thoughts
Gold Sovereigns combine history, affordability, and tax advantages in one coin. They are easy to buy, simple to sell, and recognised all over the world. Whether you are looking to make your first gold purchase or add to an existing collection, Sovereigns remain one of the most reliable and appealing options for UK investors.
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