A sovereign is a British gold coin worth how much in sterling?
Sovereign (British coin) Sovereign (British coin) The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling. Struck from 1817 until the present time, it was originally a circulating coin accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In most recent years, it has borne the well-known design of Saint George and the Dragon on the reverse—the initials () of the designer, Benedetto Pistrucci, may be seen to the right of the date. The coin was named after the English gold sovereign, last minted
Sovereign (British coin) retaining the customary design, was given a privy mark with the number 200. Many of the variant designs of the sovereign since 1989 have been intended to appeal to coin collectors, as have the other gold coins based on the sovereign, from the quarter sovereign to the five sovereign piece. To expedite matters, the Royal Mint is authorised to sell gold sovereigns directly to the public, rather than having its output channelled through the Bank of England as was once the case. As a legal tender coin, the sovereign is exempt from capital gains tax for UK residents. As well