2016 India Gold Sovereign Elizabeth II - Delhi Mint
These gold sovereign coins were struck by the Delhi Mint and contain the 'I' for India mintmark.
The Indian Mint in Bombay only struck gold sovereigns for one single year in 1918. Starting in 2013, the Delhi Mint, in conjuction with The Royal Mint, started to produce sovereigns in order to cater for the high demand from the Indian market. The coins once again feature the "I" mintmark.
These coins are struck from 22 carat gold, and contain 0.2354 troy ounces of the precious metal. The sovereigns are struck to a bullion finish, and each coin comes in a sealed card.
These coins are classed as British legal tender.
Starting in 1871, The Royal Mint used branch mints to produce sovereigns. These included Sydney, Perth and Melbourne in Australia as well as Ottawa in Canada.
India's Bombay Mint operated as a branch mint for just one year, in 1918. This makes the 1918 I Sovereign a favourite with coin collectors.
In 2013, due to the high demand for gold coins in the Indian market, Indian/Swiss companies MMTC-PAMP started to produce sovereigns at the Delhi Mint. These coins once again bear the 'I' mintmark.
Production of the coins is overseen by The Royal Mint, who are also responsible for quality control. The coins are still classed as legal tender in the UK.
The obverse features the fifth coinage portrait of Queen Elizabeth II by Jody Clark.
The reverse bears the engraving of St George and the Dragon by Italian sculptor, Benedetto Pistrucci.
The 'I' mintmark can be found above the date.
|Gold Weight Troy Ounces||0.235|
|Silver Weight Troy Ounces||0|
|Fineness / Carat||0.917 / 22|
|Obverse Designer||Jody Clark|
|Reverse Designer||Benedetto Pistrucci|
|Issuing Monarch||Elizabeth II (1952 - Date)|
|Mint / Brand||Bombay Mint|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes, therefore some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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