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The Sovereign 2019 Gold Bullion Coin

Revived in 1817 to help restore financial stability after the economic fallout of the Napoleonic and French Revolutionary wars, The Sovereign has acquired a reputation as the ‘chief coin of the world’. Struck in 22 carat gold and tightly specified to four decimal places, it represents the pinnacle of minting quality, integrity and accuracy. In keeping with tradition, The Sovereign 2019 features Benedetto Pistrucci’s depiction of St George and the dragon, a design that has come to define our flagship coin.

The release of this year’s Sovereign coincides with the 200th anniversary of the Ricardo Ingot plan. In 1819, a political economist named David Ricardo proposed replacing circulating gold coinage with a 60oz ingot held at the Bank of England, threatening The Sovereign’s revival. But this iconic coin endures, trusted and respected by investors all over the world. The Sovereign 2019 range also includes a tube of 25 coins and a gold Half-Sovereign bullion coin.

Key Points:

  • Struck in 22 carat gold
  • Minted to bullion standard
  • The obverse bears the fifth definitive portrait of Her Majesty The Queen
    Features the classic reverse design of St George and the dragon
  • An unlimited mintage
  • VAT free and Capital Gains Tax exempt
  • UK Government assurance of weight and purity

* Bullion product prices displayed include the precious metal price and any applicable premium. Any promotions or discounts are applied to the premium above the precious metal price only and not on the metal price itself. 

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 2019 Gold Bullion Coin

Specification Value
Alloy 916.67 Fine Gold
Diameter 22.05mm
Reverse Designer Benedetto Pistrucci
Obverse Designer Jody Clark
Quality Bullion
Specification Value
Year 2019
Pure Metal Type Gold
Pure Metal Content 7.32g Gold Content
Fineness 916.67
Packaging Single Coin Capsule
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