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What is a Proof Gold Sovereign?

What is a Proof Gold Sovereign?

Gold Sovereigns are the best selling coins in the UK and a must for any serious coin collector and investor.

Gold Sovereigns have a fantastic benefit over other gold coins, due to their legal tender status, the Gold Sovereigns are Capital Gains Tax (CGT) Free for UK residents. Additionally, as they are investment grade Gold coin they are also VAT Free.

When you buy Gold Sovereigns you are investing in physical gold bullion and you holding a real asset. Invest in British gold coins such as the Gold Britannia Coin and Gold Sovereign to diversify your investment portfolio.

Sovereigns and Britannias have seen their value soar in the past few years. As such, they could offer a lucrative tax-efficient investment. In fact, gold coins are exempt from VAT and CGT, making them an attractive proposition for investors looking to save tax.

Many gold enthusiasts choose to hold gold coins in their portfolios. Gold coins can have additional benefits over gold bars, with some of them being a great investment as well as a way to add beauty and historical significance to your collection. Popular choices include the South African Krugerrand , and the American Gold Eagle . When examining gold coins in this class, it is not uncommon to see British sovereigns and other historic coins. Many of these historical coins are recognized by coin dealers and collectors around the world.

* Precious metal prices can be volatile and the value of your metal may go down as well as up. No responsibility can be accepted by Ajjore Limited for any loss caused by acting on information we have provided. We do not offer investment or tax advice and recommend that you conduct your own independent research before making any investment decisions.

Bullion Gold Sovereign vs Proof vs Brilliant Uncirculated

Most of the modern-day Gold Sovereigns are minted in three different finishes: Bullion, Proof, and Brilliant Uncirculated. The fineness, weight, gold content, and dimensions of all three finishes are the same. The difference lies in the actual finish of the coins.

Bullion Gold Sovereign Coins

The Gold Bullion finish coins are struck by machine using die press method only once. As the striking method is only done once the resulting design can suffer from minor imperfections.  Gold Bullion coins however are a popular choice for precious metal investors as the coins are priced with the lowest markup and can be bought close to the spot price of the gold. The 2021 Bullion Gold Sovereign Coins available to purchase from us are Bullion Gold coins and priced in line with Live Gold Spot Prices. The 2021 Bullion finish Gold Sovereign coins are also considered legal tender hence CGT Free for UK residents.

23/04/2021 1:24 am

Value of gold is dependent on the market fluctuation and varies according to the current spot price.

Proof Gold Sovereign Coins

Proof Gold Sovereign Coins​Gold Sovereign coins finished in the Proof finish are virtually handmade with a mirror-like surface. The process involves striking the Gold Sovereign coin multiple times (up to 6 times) to ensure a much detailed design texture, handled with the utmost care and inspected closely for any imperfection. Only a very limited number of  Proof Gold Sovereigns are minted. Proof coins are generally presented in a display case with an accompanying certificate. The extra production and presentation process adds a substantial premium over the gold metal price and the coin is sold for more than its metal content. The future value however can vary depending on the scarcity or demand of the coin.

Brilliant Uncirculated (BU) Gold Sovereign Coins

Brilliant Uncirculated Gold Coins or commonly known as BU are considered coins that have finish somewhere in between Bullion and Proof coins. The Gold Sovereign BU finish coins are struck a minimum of two times to imprint a better clarity of the gold coin’s design. The BU Sovereign Gold Coins are then cleaned by hand and each coin is inspected closely for any imperfection. The BU coins tend to be cheaper than their Proof counterpart.

 

 

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