The 2024 Sovereign Coin

Author: Connor Campbell - Bullion & Economics Editor

Published: 8 Jan 2024

Last Updated: 17 Jan 2024


Discover the latest 2024 sovereign bullion and proof coin releases from The Royal Mint, and explore the reasons to consider adding them to your precious metals portfolio.

Background of The Sovereign

Step back in time to the late 15th century, where the English sovereign emerges as a British gold masterpiece. In the year 1489, under the reign of King Henry VII, this coin made its debut. Created by the skilled hand of German engraver Alexander of Bruchsal, the sovereign's obverse depicted the mighty King in his regal coronation robes, seated upon his majestic throne.

Fast forward to the 19th century, and the modern rendition of the British gold sovereign comes into being. The year 1817 marked its official inception, striking under the rule of King George III. Today, the vast majority of these iconic British sovereigns proudly display Benedetto Pistrucci's renowned design on the reverse - a captivating depiction of St. George valiantly slaying the fearsome dragon. Over the course of history, this image has graced the sovereign, accompanied by the faces of various monarchs who have ruled the British Empire.

In a notable turn of events, following the passing of Queen Elizabeth II, the sovereign now bears the likeness of His Majesty King Charles III on its obverse side. This transition is evident in British bullion and coinage over recent years, including the 2022 memorial sovereigns, the regal 2023 Coronation sovereigns, and the new 2024 sovereign range.

The 2024 Sovereign Coin Specification

These 2024 sovereigns continue to be one of the most popular ways to invest in gold in Britain. They are exempt from Capital Gains Tax, which means you won't have to pay any tax on the profits you make from these coins. Another significant selling point of these new 2024 sovereigns is that they are the first bullion and proof sovereign coins to feature the uncrowned portrait of His Majesty King Charles III, designed by Martin Jennings.

On the reverse side of the coin, investors and collectors can expect to be greeted by the iconic St. George and the Dragon reverse design. The 2024 sovereign bullion coins were officially launched on January 9, 2024.

King Charles III Uncrowned Portrait - 2024 Sovereign Obverse

2024 Sovereign Bullion Coin

The 2024 Sovereign bullion coin contains 0.2354 troy ounces of 22-carat gold, with a weight of 7.98 grams, and is offered in various investment options. As an official partner of The Royal Mint, we will regularly stock these bullion coins throughout the year at competitive premiums, making them an ideal long-term investment for British investors.

It is available as single loose coins, in tubes containing 25 sovereign coins, or in monster boxes containing 500 sovereign coins. Additionally, we have the 2024 half-sovereign bullion coin available to purchase as loose single coins or in sheets of 20 half-sovereigns. Unlike proof sovereigns, bullion sovereigns are produced in much larger quantities and often cease production shortly before the next release in a series.

2024 Sovereign Bullion Coin

2024 Sovereign Proof Coin

Like the 2024 bullion sovereign with specifications of 22-carat gold and a weight of 7.98 grams, the coins are instead struck to a proof standard, diverging from the bullion condition. This involves multiple strikes, with the blanks being hand-fed into the coin press and then struck up to six times.

Each 2024 proof sovereign coin and/or set is issued in a Royal Mint display box and includes a numbered certificate of authenticity for security purposes, providing evidence that the coin you own is genuine and not counterfeit.

In line with Royal Mint proof coins, collectors can expect low mintage figures and issue limits for these coins. Below, you will find the mintages and issue limit figures for the 2024 sovereign proof coins and sets.

Coin / Set Mintage Figure Issue Limit
2024 Proof Sovereign 9,260 7,500
2024 Proof Half-Sovereign 2,710 1,250
2024 Proof Sovereign 3-Coin Set N/A 650
2024 Proof Sovereign 5-Coin Set N/A 1,200

2024 Sovereign Proof Coin

Secure Your 2024 Sovereign Coins

Due to the popularity of these coins, we recommend that you order our 2024 sovereign coins as soon as possible to avoid extended lead times. Additionally, at Chards, we maintain a wide inventory of sovereign coins with various dates, grades, and weights on our website, all available at competitive premiums.

Related Articles

This guide and its content is copyright of Chard (1964) Ltd - © Chard (1964) Ltd 2024. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited.

We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.

You can read more about copyright or our advice disclaimer on these links.