Gold Half Sovereign
What are half gold sovereigns?
The Half Sovereign is a gold coin that was introduced in the United Kingdom in 1817 by King George III. A Half Sovereign is a gold coin weighing 3.99 grams and contains 0.1177 troy ounces of 22 carat gold, meaning 91.76% pure or 21.6 millesimal fineness; it has a diameter of 19.30 millimeters and a thickness of approximately 1mm; the diameter is substantially smaller than that of a sovereign, making it easier for storage.
How much is a gold Sovereign worth today in the UK?
Gold sovereigns, which weigh 7.98 grams, or .0.2565 of a troy ounce, are valued based on the gold content, as calculated by its fine gold content (22ct) multiplied by the spot price of an ounce of gold. Often prices are shown for half sovereigns which, weigh 3.99 grams and can be easily divided into two equal parts, so these can be bought and sold at approximately half the price of a single gold sovereign coin.
View the current live market gold price.
Do I need to pay Capital Gains Tax or Vat when buying gold sovereigns?
If you are looking to invest in physical gold, half sovereigns are ideal for investors who prefer to keep their gold investment in smaller units to give greater flexibility when it comes to resale. Gold Sovereigns are exempt from Capital Gains Tax, which means you will not be taxed when the time comes to sell them. In addition, our range of Half Sovereigns is not subject to UK Value Added Tax (VAT) either, meaning that you can make a substantial saving compared to investing in gold bullion bars. Other gold coins in the UK are exempt including full Gold Sovereigns, Gold Britannia coins, and Queens Beast Series quarter ounce gold coins.