Investment Sovereign Buying Advice
Author: Lawrence Chard - Director and Expert Numismatist
Published: 9 Apr 2018
Last Updated: 10 Nov 2020
Contents↑
Synopsis
Sovereigns are perhaps the most popular British bullion coins. Here, we give an overview of the sovereign and explain the benefits in having them in your portfolio
British Gold Investment Sovereigns
The sovereign is popular with investors looking for flexibility and CGT exempt gold. Sovereigns weigh 7.9881 grams and are made of 22 carat gold or 91.66% fineness, and therefore contain 7.315 grams or 0.2353544 troy ounces of pure gold. The only disadvantage of the sovereign as a bullion coin, is that the alternative one ounce gold coins, such as the Krugerrand, make it easier to calculate their gold content.
The great advantage of sovereigns is that they are an attractive and much loved coin with a rich tradition and history. Single coins, particularly graded, low mintage, rare or proof sovereigns can command high premium. These sovereigns are ideal for serious coin collectors or as gifts for special occasions such as christenings, golden weddings or coming of age. Gold investors prefer bullion sovereigns, which are sold at low premiums over the gold spot price. If you are looking for the lowest premiums, buy either Best Value Secondary Market Sovereigns or if you prefer new coins, Best Value Newly Minted Sovereigns.
The more you buy, the lower the premiums. You can see the difference here:
| Gold Sovereign Coin Best Value - Secondary Market
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| Bullion Sovereign Best Value - Newly Minted
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Further Reading
You can read our full gold guide here and browse all of our individual gold advice articles here.
