Description
British gold coins are an ideal choice for british investors they are exempt of CGT. Buy quintuple gold sovereign online with Gerrards and receive a selection of this gold coin from various years. Moreover, this coin is exempt of Capital Gain Tax (CGT). Therefore, it is ideal for british investors.
Design of the Quintuple Gold Sovereign
Depending on the year, the obverse can feature different portrait of the Queen Elizabeth II. These include the fourth portrait (by Ian Rank Broadley) or the fifth definitive portrait (by Jody Clark) The obverse legend reads ” ELIZABETH II . DEI . GRA . REG . FID . DEF “.
The reverse display the traditional design of Benedetto Pistrucci: St George slaying a dragon.
Why buy Quintuple Gold Sovereign ?
The Five Pounds Gold Sovereign is a great example of Limited Edition Bullion Coin. The Royal Mint produced this coin during the first year of reign of each new King or Queen. As described by its name, it is equivalent to five Full Gold Sovereign. It is Britain’s largest and most impressive gold coin.
Only a small number of Five Pound Gold Coins circulated in Great Britiain as british currency. These include the three issues of 1887, 1893 and 1902. However, these issues were not really much used in everyday transactions.
Because it has a legal tender status in UK, this coin is exempt of Capital Gain Tax. It makes it an ideal product for british investors looking for gold with numismatic interest. The Royal Mint guarantees the gold content of all the sovereigns it produces.
History of the £5 Gold Sovereign
In the past, Great Britain produced a five guinea coin which was about 5% heavier than the £5 Gold Sovereign. You will find below some historical facts about Five Pound Quintuple Sovereign.
The first £5 Gold Coins
The first £5 Gold Sovereign were struck in 1820 for George III. Most of the Five Pounds gold Sovereigns were issued as part of Proof set. It is only from 1887 (Queen Victoria Golden Jubilee) that a larger number was issued for circulation
Timeline of £5 Gold Sovereign
- 1820, George III (Proof type)
- 1826, George IV (Proof type, as part of the coronation Proof set)
- No coin during William IV reign
- 1839, Victoria (Proof type)
- 1887, Victoria’s Golden Jubilee (Proof and Circulation type)
- 1893, Victoria (Proof and Circulation type, to mark the change to the ‘old head’ coin issues)
- 1902, Edward VII’s coronation (Proof and Circulation type)
- 1911, George V’s coronation (Proof type)
- 1937, Edward VIII (Only one coin prepared for pattern coinage, never issued even for collectors)
- 1937, George VI’s coronation (Proof type)
- 1953, Elizabeth II’s coronation (Proof type)
More about Quintuple Gold Sovereign
In the early 20th century, five pounds gold coin were issued only as proof sets. This period refers to the reign of Kings Edward VII, George V, (Edward VIII) and George VI. The Quintuple Gold Sovereign was only issued during the first year of each king’s reign. They all use the St George’s design by Benedetto Pistrucci on their obverse. Five Pounds Sovereign from 1902 to 1911 have a milled edge, though at least some of the 1937 coins have plain edges. In addition, the 1902 Edward VII Quintuple Sovereign was minted at Sydney, identified by the ‘S’ mintmark above the center of the date.
Anecdote: the £5 Gold Sovereign was only prepared for approval in the case of Edward VIII. This explains why 1937 Five Pounds Gold Sovereign is valued at around £175,000 today ! According to the Standard Catalogue of British Coins by Spink, only one complete set is known in private hands.
The reign of Elizabeth II encountered changes from the normal practices in issuing gold coins. A small number of £5 Quintuple Sovereign were struck to continue the series, and again in 1957. However, never of these issue were released to the public. Coins from this year are now valued from £250,000 to £500,000. No more Quintuple Sovereigns were issued until 1980, nine years after the decimalisation. The following Five Pounds Gold Sovereigns were created and design as follow:
- Coins from 1980 – 1984 : design by Arnold Machin
- Coins from 1985 – 1990 : design by Raphael Maklouf
All of these years used the Benedetto Pistrucci design of St George slaying a dragon.
In 1989, a totally new design was to commemorate the 500th anniversary of the sovereign coin. The obverse of the 1989 edition features the Queen seated on the coronation throne, holding the orb and sceptre. The reverse deicts a shield within a double rose, surrounded by the legend ” ANNIVERSARY OF THE GOLD SOVEREIGN 1489 – 1989 ”
Why buy gold sovereigns ?
A lot of people buy gold sovereigns as an alternative to small saving accounts. Instead of large volume of cash and banknotes, you can store easily large amounts of money with gold sovereigns. Gold sovereigns have proven to retain their value overtime.
Gold sovereign are a unique combination of traditional manufacturing, attractive design and historical significance. Hence, these coins have a highly liquid value and can be exchanged worldwide. You can sell easily these bullion coins in any gold shop or to any jeweller around the world. Moreover, they carry a good premium over the spot price. This is due to their high demand from both gold investors and collectors.
