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The British Sovereign is one of the world's most iconic gold coins, with an unbroken minting history stretching back to 1817. Unlike most modern bullion coins, the Sovereign is struck in 22 carat gold — an alloy of 916.7 fine gold and copper — giving it a warm, distinctive hue and exceptional durability. The coin features the classic design of Saint George slaying the dragon on the reverse, created by Benedetto Pistrucci in 1817 and still used today.
Sovereigns are produced in four denominations: the Quarter Sovereign (1.995g total), Half Sovereign (3.99g total), Full Sovereign (7.98g total), and Double Sovereign (15.97g total). Because their gold content is defined by weight and purity rather than a troy ounce fraction, Sovereign prices are calculated directly from their fine gold content at the prevailing spot price.
British Sovereigns are legal tender in the United Kingdom and are Capital Gains Tax exempt for UK residents. They are among the most liquid and globally recognised gold coins, widely traded by central banks and private investors alike. GoldPenthouse offers Sovereigns at competitive premiums over spot with fully insured delivery.