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CGT EXEMPT

Great Britain Gold Sovereign Edward VII

In Stock
Tavex is pleased to present the King Edward VII Sovereign Gold Coin. The coin is a part of ... read more
We sell We buy Spread
1-9
£441.12
£411.23 6.78%
10-24
£440.28
£411.23 6.60%
25+
£439.04
£411.23 6.33%
Pick-Up From Office: FREE
Delivery Costs From: £5.00
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Pick-Up From Office: FREE
Delivery Costs From: £5.00
See more
All photos are used for illustration purposes only and may not be an exact representation of particular product.

Introduction

Tavex is pleased to present the King Edward VII Sovereign Gold Coin. The coin is a part of Britain’s most famous and longest issued gold coin series. The sovereign, introduced more than 500 years ago, is world-renowned for its impeccable accuracy, strong liquidity and high quality. Hailed throughout the British Empire as “the chief coins of the world”, they were at the heart of the classical gold standard, playing a key role for decades in international finance and trade.

Sovereign gold coins were also used as legal tender currency by more than 20 countries during the nineteenth century, testimony to their widespread influence. The current UK government treasured this legacy, which still deems the King Edward VII sovereign gold coin as official legal tender. As a result, gold sovereigns have a real and permanent tangible value. King Edward VII sovereign gold coin, thus will make a great addition to any portfolio.  

As the official government-authorised mint for the UK, the Royal Mint offer CGT exemption on their coins that many gold experts will be looking for. The CGT exemption includes the mainstream coins mentioned above and collectable series like the Queen's Beasts, ensuring a wide range of UK gold coins for customers to choose from.

Why Buy

  • Sovereigns are Britain’s most famous coins. Gold sovereigns are Britain’s most cherished coins and likewise one of the most recognised gold pieces globally, representing the golden age of the British Empire.
  • Sovereign coins are liquid. With more than 700 million pieces minted since the 1800s, the sovereign gold coins are supported by a deep and liquid market.  
  • Sovereigns are money. All gold sovereigns minted after 1837 are considered legal tender and are exempt from Capital Gains Tax in the United Kingdom.
  • King Edward VII Sovereign coins are internationally recognised. The rich 500-year history of this precious metal and its effigy of King Edward VII support the coin’s exchangeability worldwide.
  • Sovereign coins are the equivalent of savings. Gold sovereigns are an ideal choice for any long-term saver who appreciates the security and stability of owning physical, legal tender gold coins.
  • Sovereign gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes sovereign gold coins serve as a portfolio hedge against market risk.

Buying gold items means low risks and maintaining wealth

Gold's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    £441.12
  • Buyback price
    £411.23
  • Your risk now
    £29.89

Fact: gold price in GBP has risen 129.41% in the last 10 years. The lowest price was 672.86 GBP/oz and the highest 1,771.61 GBP/oz. Current world market price is 1,768.93 GBP/oz

History

The coin portrays King Edward VII, the eldest son of Queen Victoria. Born in 1841, he acceded to the throne in 1901 and ruled until he died in 1910. King Edward VII was related to many royal families throughout Europe. This aspect was an advantage in his active role in the fields of foreign affairs. He was called a “Peacemaker” as he fostered good relations between the dignitaries of other European countries. However, he was not fond of his nephew Kaiser Wilhelm II, who was the German Emperor. Edward’s aversion to Wilhelm would eventually worsen diplomatic relations between Germany and Britain. Although his period of rule was short, he governed in a period of peace and plenty. The wealth created during the preceding Victorian era had created widespread prosperity, which was being relished. Although economically falling behind the United States and Germany, Britain was still the leading nation in global trade and shipping. The period between the 1900s and leading up to World War I would mark the height of the British Empire.

 Sovereign gold coins – an investment that embodies more than 500 years of British history

When England’s King Henry VII authorised the mintage of the sovereign gold coin in 1489, little did he know that more than five centuries later the gold sovereign would still be minted by Britain’s Royal Mint. This makes the British gold sovereign the oldest continuously produced gold coin in the world. The sovereign represents over half a millennium of history, and in this entire period it has kept an almost unified consistency of purity and quality, which has earned it the reputation of being extremely trustworthy. The gold sovereign is today cherished by collectors because of its historical significance; it is desired as a gift by those who recognise its elegance and value; and it is sought after by those who want their wealth to be secure, liquid and portable.

The sovereign – a famous gold coin of the English royalty

The history of the sovereign began in the Middle Age, when precious metal coinage played an important role in spreading the fame of the ruling English sovereign. To show off his greatness, King Henry VII had the original gold sovereigns struck in almost 24 karat gold weighing half a troy ounce, depicting the King, enthroned majestically on the obverse side of the coin. Although too pure and valuable to be used in daily commerce, they were instead handed out as gifts to visiting high-ranking officials. As time passed, the technical specifications of the gold sovereign coin changed, creating a more durable alloy which standardised the gold content to 91.6%, or 22 karats. These changes helped to fuel its wider acceptance as a circulating coin, and due to its reach in promoting the sovereign of the realm, hence the name “sovereign”, it became the de facto coinage of English royalty. Kings and queens that ruled after King Henry VII continued in his footsteps by portraying their effigy on the obverse side of the sovereign gold coin, a tradition that is still practised, and which can be observed on the modern sovereign gold coin which portrays the effigy of the “sovereign”, Queen Elizabeth II. 

The gold sovereign – 22 karats of trust and accuracy

The sovereign gold coin gained its popularity not only because it portrayed a powerful ruler, although this probably helped, but it was rather the peerless uniformity of the gold coin that set the stage for its wider use in international trade. Every sovereign gold coin that was minted from 1817 onwards contained one pound's (£1) worth of gold, or 22 karat gold weighing 7.322 grams. The coin itself weighed exactly 7.98805 grams and was considered legal tender by English law so long as it did not weigh less than 7.9379 grams. The Royal Mint, which was the chief comptroller of the coinage, went so far in keeping the accuracy of the gold sovereign that it even made announcements to the public that they could have their underweight coins exchanged for newly minted ones. Another unique future of the gold sovereign was that it had no nominal face value, or denomination, since its value was exclusively tied to its fine gold content which at that time was valued at exactly £1.

The sovereign gold coin – buy, sell, and trade

This consistency of weight, purity, and value made the gold sovereign coin rapidly become one of the preferred gold coins in global trade and international settlements. Used by Chinese tea traders, Indian textile merchants, and American cotton sellers, gold sovereigns not only fulfilled the role of a stable currency, but acted as a promoter of British influence in the world. The sovereign gold coins became the currency of the British Empire, with minting outposts scattered around the globe in places like Perth in Australia, Bombay in India, and Pretoria in South Africa, just to name a few, ensuring that the supply of gold coins was always on hand for trade. By the early 1900s, more than 600 million sovereign gold coins had been minted and distributed throughout the world, reaching almost every corner of the earth. The sovereign had established itself as one of the foremost official monetary coins to influence world trade. 

The gold sovereign – legal tender recognised throughout the British Empire

Britain’s victory over Napoleon at the battle of Waterloo in 1815 would leave her without any serious competitor, making her the undisputed leading power at that time. Unchallenged at sea, she quickly established trading outposts, colonies, dominions and possessions, and in the process adopted the role of global policeman to guard all her precious possessions. The sovereign gold coins played a key part in the advancement of Britain’s imperialism, as they helped to facilitate trade among its large number of protectorates. At the peak of Britain’s power in the early 1920s, the empire encompassed almost a quarter of the earth’s land area and contained almost a half a billion people. The British Empire was the largest empire ever to exist, earning it the phrase “the empire on which the sun never set”.

Sovereign gold coins – value rises

However, the unfortunate advent of the First World War made the United Kingdom abandon the gold standard and consequently its production of gold sovereigns. To fund the war, the British government even appealed to its citizens to give up their gold coins in exchange for war bonds, which resulted in a vast amount, by some estimates £100 million worth of gold sovereigns (€23 billion in today’s money), being handed over to the government. Although gold sovereigns helped Britain to win the war, their demonetisation would usher in the era of the paper pound, which would in the next century regrettably lose a great amount of its purchasing power. Just consider that a gold sovereign was worth £1 on the eve of WW1, while the same coin today is sold for around £200. Although some gold sovereigns were minted again in 1925, they ceased to be used in daily commerce, and their continuous production only resumed after 1957.

The Royal Mint

The Royal Mint is one of the oldest and most respected government institutions of Great Britain. Its long operating history, by some estimates over 1100 years, and coupled with its production of many of the world’s most famous coins, like the gold sovereign, has contributed to making it one of the best known and renowned mints in the world. Since 1279 when the mint established its operation in the Tower of London, it has been responsible for the production of coins of the United Kingdom. Its reputation for excellence and trust was further reinforced when Sir Isaac Newton became Master of the Royal Mint. During his tenure at the Royal Mint, he was responsible for moving the British pound to the gold standard.

Today the Royal Mint is not only responsible for minting coins used for circulation in the UK, but is likewise producing official coinage for more than 60 countries in the world. However, the most important and renowned coin ever to come out of its minting presses has without doubt been the sovereign gold coin which even today is being produced at its minting facility in the town of Llantrisant, Wales, UK. The accuracy and quality of the modern gold sovereign coin is the same as it was two hundred years ago, containing 22 karats of fine gold and weighing exactly 7.98805 grams. The popularity of the gold sovereign has likewise not changed, as confirmed in 2014 when the Royal Mint ran out of 2014 sovereign gold coins due to exceptional demand. The gold sovereign is without doubt one of the foremost gold coins ever to be produced and the fact that almost 100,000,000 sovereigns gold coins have been minted since 1957 is a testament to their excellence and trustworthiness. The reputation of the gold sovereign coin as “the chief coin of the world” will live on for centuries, as savvy investors will always prefer to keep a portion of their wealth in gold coins which are secure, liquid and trustworthy.

Product weight in grams
7.98
Gold weight in grams
7.315
Fineness
916.7
Gold weight in troy ounces
0.2352
Diameter (mm)
22.05
Thickness
-
Face value description
1 sovereign
Manufacturer
United Kingdom

Obverse

The obverse portrays King Edward VII. Around his effigy is the text “EDWARDS VII DG BRITT OMN REX FD IND IMP”, which translates as “Edward the Seventh, by the Grace of God, King of all the Britons, Defender of the Faith, Emperor of India”.

Reverse

The reverse displays the motif of the Christian martyr St. George slaying the dragon. The design was made by the acclaimed Italian engraver and chief medallist at the Royal Mint, Benedetto Pistrucci. The year of mintage is shown at the bottom. 

Packaging

Each coin is packaged individually in a hard plastic capsule. Tavex also offers decorative cases for every coin being sold on the webpage. 

 

We understand the importance of ensuring that you receive your order in a safe and secure manner. That’s why each order goes through additional quality control, is carefully packaged in a protective box and discreetly labeled to guarantee the protection of your privacy. Additionally, we take extra steps for your peace of mind – every shipment is fully insured, so you don’t have to worry when ordering products online.

We are committed to providing you with the best possible service and experience, and we believe that one important aspect of the process is a safe and secure shipment process. If there are any issues with your shipment, such as damage or loss, please don’t hesitate to reach out to us. Our dedicated customer support team is always available to help by phone 020 4541 4145 or tavex@tavexbullion.co.uk, and we will do everything in our power to sort out any problems and get your order to you in a timely and efficient manner.

After we dispatch your parcel, we will provide you with a tracking number so that you can track its progress and see exactly where it is at all times. This way, you can stay informed about the status of your order and know exactly when to expect it to arrive. Transparency is key to a great customer experience, and we are always here to help with any questions or concerns you may have.

Each order is discreetly packed and fully insured, so you can safely order products online – additionally, after dispatch, we will provide you with the package number, so you will be able to track its entire route.

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