The Sovereign 2018 Gold Bullion Twenty Five Coin Tube
The Sovereign is The Royal Mint’s 22 carat gold flagship coin and has been a constant of British coinage, admired and trusted through times of change. It features Benedetto Pistrucci’s original St George and the dragon design.
This bullion coin is an investment piece and the weight and quality is verified at the Trial of the Pyx - an exacting independent trial dating back to at least 1282.
The exceptional purity of The Sovereign’s 916.7 gold means it is CGT exempt in the United Kingdom and VAT free in the UK and European Community.
Being UK legal tender they are VAT free and Capital Gains Tax exempt.
Key Points:
- Struck in 22 carat gold
- UK legal tender
- Minted to bullion standard
- The obverse bears the definitive fifth coinage portrait of Her Majesty The Queen
- VAT free and Capital Gains Tax exempt
- UK Government assurance of weight and purity
- Individually packaged in single coin capsules
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 2018 Gold Coin
| Specification | Value |
|---|---|
| Alloy | 916.67 Fine Gold |
| Diameter | 22.05mm |
| Reverse Designer | Benedetto Pistrucci |
| Obverse Designer | Jody Clark |
| Quality | Bullion |
| Specification | Value |
|---|---|
| Year | 2018 |
| Pure Metal Type | Gold |
| Pure Metal Content | 0.235 Troy oz |
| Fineness | 916.67 |
| Packaging | Single Coin Capsule |
