Generally speaking, gold coins are widely assumed as a better investment than bars. In addition to the collectible characteristic, gold coins are available at very competitive prices and highly liquid. Different from gold bars, gold coins have the status of legal tender and are produced by a sovereign government’s mint. Each side of a coin includes an intricate design, which often varies year-to-year. This can have aesthetic value as well as historical value, which makes the price of gold coins is slightly higher than its gold-value content and than that modern gold bullion.
The Gold Sovereign is unquestionably a type of bullion coins commonly used in UK gold investment. Even, it came to be the most widely distributed gold coin in the world. Similar to other gold coins, this coin is produced by British sovereign mint, the Royal Mint. The Gold Sovereign is so full of history that it is considered by many as the flagship coin of the Royal Mint. Additionally, the sovereign has the status of British legal tender so it is both VAT free and Capital Gains Tax (CGT) free.
For the first time in over 100 years, year 2015 is considered as a vintage year for the Royal Mint to produce the Gold Sovereign. As gold coins always come up with different intricate design year-to-year, the 2015 Gold Sovereign comes with new definitive fifth portrait of Queen Elizabeth II on the obverse. It is designed by one of The Royal Mint’s own gifted engravers, Jody Clark. This fifth portrait conveys Her Majesty’s warmth, maturity and stature. And the reverse of the Gold Sovereign, as it has long been adorned, features the iconic design depicting St George and the dragon, by Benedetto Pistrucci.
While many investors are looking to gold coins based on the bullion value, others are based on its numismatic value. The reason is that a numismatic coin is commonly sold more than 180% of its actual gold-value content. Yet, of course it can be at high price to buy as well. Based on its bullion value, this sovereign is worth its gold purity. It is 22 Carat (91.67%) with 7.32 grams fine gold of 7.98 grams total weight of the coin. The Gold Sovereigns are mostly sold purely on the basis of their gold content rather than any collectable or numismatic value. Hence, The Gold Sovereign is indeed reachable for everyone, and undoubtedly a good option to those numismatic investors.
Many e-commerce websites provide special offers on the Gold Sovereign. Chard that claims itself as an expert professional numismatists, for instance, guarantees that the prices for the Gold Sovereign coins will be cheaper than The Royal Mint. Also, it offers to send the sovereigns in the Royal Mint tubes as if you order multiples of 25 coins, and an additional £2 if you prefer to have a box for your coin.
On the other hand, www.thegoldbullion.co.uk and www.bullionbypost.co.uk offer free delivery for the Gold Sovereign with fully insured in a sealed, fully secure, and nondescript package. Additionally, a certificate of authenticity and a receipt for your goods are also included with each and every order.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.