British Gold Sovereign
The British Gold Sovereign is one of the world’s most recognizable small gold bullion coins. Minted in large quantities in the United Kingdom by the Royal Mint and other mints worldwide this coin has iconic standing.
Because of this long history we narrow our emphasis to those British Gold Sovereigns minted during the time of Edward VI (1901 – 1910) and those minted during reign of George V (1910 – 1936). The front of both Edward and George sovereigns have the appropriate King’s picture and the reverse of these historic gold coins illustrate Saint George slaying the dragon along with the coin’s date.
The British Gold Sovereign weighs 7.98 grams and is alloyed with a small amount of copper which ensures durability: it contains 0.23 troy ounce of gold. Like other small gold bullion coins of this era there are advantages in ownership. (1) its smaller size makes for a handy barter in case the value of paper currency is challenged. The British Gold Sovereign was supplied to World War II pilots in case they needed to buy their way out of a compromising position. (2) Its long history makes the British Gold Sovereign readily identifiable world wide as a gold bullion coin. (3) Because it was produced by a sovereign country its weight and content are guaranteed. (4) The British Gold Sovereign and two other coins (the early French 20 Franc Rooster and the Swiss 20 Franc Helvetia) have a large following which believes they would not be recalled should the US decide to confiscate gold. This belief is based on the notion that these early gold coins are collectible and would not fall into the bullion category because they were minted prior to 1933. Whether this theory holds any water is hard to say but none the less it is one of the primary reasons this gold coin is chosen over others.
Finally there is no reporting requirement (Federal Form 1099B) for this bullion coin when you purchase or sell.
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