Gold Half Sovereign
King George III introduced Half Sovereign gold coins to the UK in 1817. The coins weigh 3.99 grams and contain 0.1177 troy ounces of 22-carat gold, ย meaning 91.76% pure or 21.6 millesimal fineness with a diameter of 19.30 millimetres and a thickness of approximately 1mm, making them easy to store.
Investors looking to buy physical gold can consider investing in Half Sovereign gold coins since they are exempt from UK Value Added Tax (VAT) and Capital Gains Tax. The value of full Gold sovereigns is based on their fine gold content (22ct) multiplied by the spot price of an ounce of gold, and half sovereigns are typically sold at roughly half the price of a full sovereign coin.