The Memorial Sovereign 2022 Twenty Five Bullion Coin Tube
A symbol of strength and reliability, The Sovereign has been associated with the British monarchy since 1489. In tribute to Her Late Majesty Queen Elizabeth II, a memorial edition of The Sovereign, The Royal Mint’s flagship coin, has been struck to bullion standard and honours a remarkable 70-year reign. The reverse of the coin features Jody Clark’s adept depiction of the Royal Arms, whilst the obverse features the definitive coinage portrait of His Majesty The King for the first time in the history of The Sovereign.
This Sovereign is dated 2022 as it was struck to memorialise the passing of Her Late Majesty Queen Elizabeth II. A further Sovereign bullion coin range will launch in 2023.
- Our Memorial Sovereign bullion coin range has ceased production and we have limited stock remaining
- The first definitive coinage portrait of His Majesty The King graces the obverse
- A rare change of design sees Jody Clark’s interpretation of the Royal Arms adorn the reverse of the coin
- Each coin is struck in 22 carat gold and finished to The Royal Mint’s bullion standard
- Packaged in a single coin tube
- VAT free and Capital Gains Tax exempt for UK residents
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 Memorial Sovereign 2022 Twenty Five Bullion Coin Tube
| Specification | Value |
|---|---|
| Denomination | Sovereign |
| Alloy | 916.67 Fine Gold |
| Diameter | 22.05mm |
| Reverse Designer | Jody Clark |
| Obverse Designer | Martin Jennings |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2022 |
| Pure Metal Type | Gold |
| Pure Metal Content | 25 x 0.235 Troy Oz |
| Fineness | 916.7 |
| Packaging | Coin Tube |
