Description
Our best-value Sovereign bullion coins offer you the chance to buy a pre-owned Sovereign bullion coin at the lowest price from The Royal Mint – the UK’s home of gold. We will select a pre-owned Sovereign from any year, enabling you to invest in gold for less. Our best-value Sovereign bullion coins are sold solely on the basis of their gold content, rather than any numismatic or collector value, and may contain scratches, dents and other marks.
The Sovereign is the flagship coin of The Royal Mint. Iconic, respected and reassuringly familiar, the modern Sovereign dates from 1817, when it was revived to help restore financial stability in the wake of the Napoleonic wars. The Sovereign soon became a popular trade coin, earning a reputation as the ‘chief coin of the world’ as the UK’s international standing grew.
Struck in 22 carat gold and guaranteed to five decimal places, The Sovereign is the most tightly specified coin in the world. Heralded for its beauty as well as its accuracy, it features Benedetto Pistrucci’s St George and the dragon design, which was created for the coin’s revival and is synonymous with The Sovereign. A triumph of numismatic art, perfected over 200 years by our skilled craftspeople, The Sovereign is instantly recognisable and is trusted and accepted wherever it is presented.
Best Value bullion coins are randomly selected from the stock available at a single point in time. If you purchase multiple single-capsule Best Value bullion coins in a single order, you may receive bullion coins with a mix of designs and dates or the same dated bullion coin multiple times.
Key Points:
- A Sovereign bullion coin dated from any year
- Struck in 22 carat gold
- Finished to The Royal Mint’s bullion standard
- VAT free and Capital Gains Tax exempt for UK residents
- The weight and purity of each Sovereign coin is assured by Royal Proclamation
- Individually packaged in a single coin capsule
- Minimum weight 7.93787g per coin
How are bullion prices calculated?
The ‘buy’ and ‘sell’ prices shown on the website represent the market value of raw vaulted metal in an ‘unallocated’ form. This is the standard way prices are quoted throughout the bullion industry. In order for The Royal Mint to deliver beautifully crafted precious metals products to your address, or to our vault, a number of processes must take place, all of which incur a cost. These processes include transportation, refining, minting, quality checking and merchandising.
The price at which The Royal Mint is able to sell bullion products to consumers is therefore made up of the ‘spot price’ (the buy price) plus an additional premium. The premium accounts for the costs incurred in manufacturing a particular product and is usually either a percentage of the buy price or a fixed monetary amount. In short, manufactured bullion products always sell at a premium to enable retailers and manufacturers to cover their costs.
Can I spend/pay using my bullion coins?
All UK coins, whether circulating or non-circulating, are authorised as “legal tender” by Royal Proclamation, in accordance with the Coinage Act of 1971.
Legal tender allows UK coins to be accepted for payment of debts in court – but, only circulating legal tender coins are designed to be spent and traded at businesses and banks. The Royal Mint creates commemorative and bullion coin series to celebrate key moments or individuals, and these are treasured for their collectable and aesthetic value, or purchased for investment opportunities. However, these non-circulating, commemorative and bullion coins are limited edition and will not enter general circulation – meaning banks and businesses are not required to accept them.
For more information on legal tender guidelines see: www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines
SPECIFICATION
The Sovereign Best Value Gold Bullion Coin
| Specification | Value |
|---|---|
| Denomination | Sovereign |
| Alloy | 916.67 Fine Gold |
| Diameter | 22.05mm |
| Quality | Bullion |
| Year | Randomly Selected |
| Specification | Value |
|---|---|
| Pure Metal Type | Gold |
| Pure Metal Content | 0.235 Troy Oz |
| Fineness | 916.67 |
| Packaging | Single Coin Capsule |
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