The sovereign is a very popular English gold coin, which was first minted in 1489 by Henry VII. Coinage resumed in 1817 and functioned as a means of payment in Britain until 1917.
It has been minted again as a bullion coin since 1957, also outside of Great Britain, in India or in Australia at either Sydney, Melbourne or Perth with respective S, M or P Mintmarks.
Design & Features
The design of the Sovereign Gold coin is timeless and has changed little since it was first minted. The obverse of the sovereign is reserved for the reigning monarch. On the reverse of the Sovereign, Saint George (St. George) is depicted slaying the dragon on his horse.
Each coin is 7.986g and minted from solid 22ct gold (91.7%) yielding a pure gold content of 7.3g or 0.23 oz.
Because they are not 99.99% pure nor legal tender, they are not classified as investment bullion per se in Australia and attract GST.
Price inc GST.