A Gold Sovereign is a gold coin first issued in 1489 for Henry VII of England and still in production as of 2008. The gold content was fixed at the present 113 grains (7.322 g). The quarter Sovereign has a gold content of 1.83 grams
Capital Gains Tax exempt.
- Gold Content: 0.05885 oz
- Minimum Gross Weight: 1.995 g
- Purity: 22 ct
The gold quarter Sovereign is one of the oldest coins that are still minted to the present day, and as such is something of an icon for those in the know. The sovereign itself dates back to 1489 and the reign of King Henry VII. The half sovereign, which has a face value of half the sovereign (half a pound), soon followed, together with the quarter,as it was introduced in the mid-16th century under the reign of King Henry VIII.
By 1604, however, production of sovereigns were discontinued for more than 200 years, and only introduced again during the massive overhaul of British coinage in 1817. The coin was still in production until the interwar years of the 1920’s, but was soon discontinued again, with the exception of rare events, such as coronations. It was eventually re-introduced in 1980, and has been in production ever since.
The design typically has the reigning monarch on one side, with a figure of Saint George slaying of the dragon on the other. This design, by Benedetto Pistrucci, dates back to the 1820’s, and remains standard to the present day.
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