Sovereign 2015 (PCGS graded)

Specifications

Year
2015
Country of Origin
Great Britain
Issuer
The Royal Mint
Grade
PCGS/NGC
Denomination
£1
Weight (g)
7,98
Fine Content
91,67%
Population
Limited when graded

The Sovereign is a gold coin of the United Kingdom. It has a nominal value of one pound Sterling but as the value of the coin far exceeds its legal tender as currency it is used as a bullion coin.   Hence, as legal tender, both Sovereigns and Britannia coins are exempt from both VAT and CGT.

The 2014 Sovereigns sold by Rosland are brilliant uncirculated grade. The PCGS-graded* Sovereigns are usually MS68 or MS69 grade, which is extremely high (MS70 is highest).

In 2009, The Royal Mint released a new coin in the sovereign series: the quarter-sovereign, similar in some ways to the original gold English crown of the rose.

History

The Sovereign was named after the English gold Sovereign, which was last minted in 1604. The name was then revived again in 1816 with the Great Re-coinage. The minting these new sovereigns then began in 1817. At that time the gold content was fixed by the coin act of 1816, with a weight of 1320/5607 (0.235420) troy ounces (7.322381 g) stipulated. This is equivalent to nearly 113 grains. Since then, this weight has basically remained constant to the present day, although some very minute changes have resulted from its legal redefinition in the metric system of weights.

Sovereigns were minted in the United Kingdom from 1817 to 1917, then in 1925, and from 1957 onwards. It wasn’t just Britain that minted Sovereigns, as Australia, Canada, India, and South Africa all minted the coins from time-to-time.

With gold being more and more popular in India, in 2013 the Royal Mint announced that it would restart the manufacture of Sovereigns there, so to cater to the Indian market. These Sovereigns are minted to the official Royal Mint specification by Indian gold producer MMTC-PAMP. The firm MMTC-PAMP is a joint venture between MMTC Ltd and PAMP of Switzerland.

In addition to the sovereign, the Royal Mint has also struck ten-shilling half sovereigns, two-pound double sovereigns, and five-pound quintuple sovereign coins, although only the sovereign and the half sovereign were commonly struck for circulation. Rosland does stock some £5 sovereigns.

*A graded coin is one that has been assessed by a professional grading service like PCGS or NGC, and assigned a score on the 1-70 Sheldon scale, where 70 is a perfect score. Criteria for the grading include the sharpness of the strike, surface preservation, luster, coloration and visual appeal. The graded coin is then sealed in a tamper-proof acrylic ‘slab’, which protects and preserves it indefinitely. More info on grading can be found here.