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Beautiful and divine to look at and valuable to invest in, a British Sovereign gold coin is the perfect gold bullion coin to purchase. Both investors and collectors have shown their love for these coins for centuries. It transports you to the British Empire's glory. From diversifying your portfolio to securing your financial future, there are multiple reasons to buy these elegant-looking gold coins.
Learn more about British Sovereign Gold Coins so you can make an informed buying choice.
The British Sovereign gold coin was the first gold coin the Royal Mint ever produced in branches across the globe. First struck back in 1489, the coin has had an interesting history of going through retirement, reform, and rebirth. The British Sovereign gold coins are considered some of the most popular and reliable assets to invest in.
The depiction of the British Empire’s sovereign leader on the coin’s obverse side gives it its name. These coins often carry a high premium due to their demand and historical significance. If you plan on holding them for a long time, you can make decent profits in the future. Along with investors, art connoisseurs and avoid coin collectors add these precious coins to their collections.
With a face value of £1, a British Sovereign gold coin is made of .9167 fine 22-karat gold. While it is considered a legal tender in the UK, its collectible value is much higher due to its metal content and rich history.
Before 1489, the Royal Mint produced several different coins for circulation within the country. The first British Sovereign golds were issued during the rule of King Henry VII. These coins became incredibly famous at once, being considered the most valuable gold coins minted till then. The obverse of coins carried a portrait of King Henry VII sitting in his coronation gown, sitting on his throne.
On the reverse, these gold coins featured a double rose to represent the union of the House of Lancaster and the House of York. The design of these coins kept changing as new monarchs sat on the throne. However, the practice of coining the British Sovereign gold coins came to a temporary halt in 1603. This was during the rule of King James I, who unified the crowns of England and Scotland.
These coins came back into circulation in 1817 after Napoleon’s defeat in the Battle of Waterloo in 1815. Since then, the modern-day British Sovereign gold coins have been in circulation.
Having explored the historical context of the British Sovereign gold coin, it is important to consider the reasons for making a purchase:
A British Sovereign gold coin often carries a high premium. Considering the rise in the gold spot price over time, it is safe to say these coins will give you investment benefits. Especially if you are planning to invest in these assets for the long term, they will act as a hedge against economic uncertainties like inflation.
The British Sovereign golds carry centuries of history with them. Since 1489, when King Henry VII coined the Sovereign, it has evolved from royal money to a cherished collector's treasure. Buying these coins is like buying a piece of history. If you are interested in collecting coins that represent a specific period in history and carry its essence, these coins will make for an ideal investment. Moreover, historical significance adds to the overall value of the British Sovereign golds.
These 22-karat coins have .9167 fine gold. Such high value increases each coin’s store of value. Along with diversifying your portfolio, you can store these coins for a long to maximize your investment benefits.
The British Sovereign golds are some of the most popular bullion coins in the world. As an investor or collector, you will never find it difficult to buy or sell these coins. Such high liquidity also makes your investment portfolio flexible, allowing you to purchase or sell these assets easily.
Unlike bulkier gold bullion ingots like gold bars and jewelry, these gold coins are easy to store and transport. This makes your purchase more secure without compromising metal content and purity.
One of the most striking features of a British Sovereign gold coin is its design. While these coins have gone through multiple versions over time, their modern-day version is quite similar to the designs used back in the day.
The obverse side of these coins features a right-facing portrait of Queen Elizabeth II. Older coins feature portraits of the monarchs who ruled during the year The Royal Mint produced them. While the reverse side of these coins has also gone through changes with time, the most popular design features a Pistrucci design depicting St. George and the dragon.
Modern British Sovereign gold coins started circulating from 1817 onward. From the coins minted during Henry VII’s reign until the modern coins produced during King George III’s rule, most Sovereign gold coins existing before the 20th century were used as a medium of exchange. From King George III forward, many monarch representations have been worn by the Sovereign, beginning with Queen Victoria, continuing through King Edward VII, and today's King Charles III. These gold coins met the economic needs of the public back in the day.
Since 1914, however, these coins have been used for a different purpose. Until 1978, the Royal Mint used the British Sovereign gold coin for trading purposes instead of as a medium of exchange. From 1979 onward, dedicated bullion coins started being issued along with their proof versions. These coins can be used as a legal tender as well as a valuable investment vehicle.
If you are considering buying a British Sovereign gold coin, here are the most popular options you can choose from:
This is the most common and popular British Sovereign gold coin you can purchase. It has been widely available for most years since it was first minted in 1817.
These gold coins were conceptualized in 1817 but hardly came into circulation. The most commonly available during the 20th and 21st centuries was in the form of bullion coins not intended for circulation.
Like Gold Half Sovereigns, these coins were conceptualized back in 1817 but were not actively circulated. Some of these proof coins were issued in 1820 during King George III’s rule. In the 1980s, Gold Double Sovereigns were issued for the first time for gold bullion investment.
A British Sovereign gold coin’s face value is £1. It is important to note that this is a nominal value and is often much lesser than the actual value of the coin. The principal value of a British Sovereign gold coin depends on the ongoing gold spot price and the premium it carries.
The simplest way to ascertain the value of a British Sovereign gold coin is by taking its gold weight (7.32 grams) and multiplying it by the current gold spot price (in grams). Ensure that you consider the value of a 22-karat gold coin to get an accurate price.
Now that you know a British Sovereign gold coin well, you can purchase it from BOLD Precious Metals. We are an authentic bullion coins dealer, giving our customers the lowest prices online. Moreover, you get free delivery and fast shipping above orders of $199.
With BOLD Precious Coins, you will engage with a family-owned business whose history in precious metals goes as far back as 30+ years. Our grandfather was an avid coin collector and passed on his legacy of knowing precious metals to us. Continuing this legacy, we help our customers buy authentic bullion assets at the best price while ensuring secure deliveries.
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