The Half Gold Sovereign Coin 2024 features the well-known St George and the Dragon design by Benedetto Pistrucci. This design was first used on the sovereign coin back in 1817. On the front side of the coin, there’s an uncrowned portrait of King Charles III, created by the sculptor Martin Jennings.
The gold sovereign coin has a significant place in British history. The first one was minted in 1489 under King Henry VII. The modern version of the Sovereign, with Pistrucci’s ‘St George & the Dragon’ design on the reverse, was introduced in 1817. Because of its long-standing history, the UK Sovereign coin is considered the main coin of The Royal Mint.
Gold Sovereigns are Free of Capital Gain Tax (CGT), which makes them an ideal product for British investors.
Why buy the 2023 Half Sovereign Gold Coin?
Brand new half-gold sovereigns are a great way to invest in physical gold progressively. It makes your holdings more divisible, and consequently more liquid. To illustrate, you can easily sell a few half-gold sovereigns at any time, rather than having to hold a large gold bar. Moreover, British gold coins like full and half sovereigns are exempt from Capital Gain Tax (CGT), because of their legal tender status in the UK. This is an added benefit for British investors. Finally, this coin is VAT free in the UK and European Community.
The Royal Mint produces gold bullion coins of the highest quality, using strict minting standards. All newly produced gold sovereigns (full and a half) go through a verification process called the Trial of the Pyx. This independent verification trial dates back to 1282 and certifies the weight and gold purity of British coins before their issue to the public market. As a result, brand new British coins like the 2022 half-gold sovereign have weight and purity backed by the UK Government.