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Great Britain Gold Sovereigns Edward VII

In Stock
Tavex is pleased to present the King Edward VII sovereign gold coin, part of Britain’s most famous ... read more
We sell We buy Spread
1-4
3 906,12 DKK
3 433,37 DKK 12.10%
5-9
3 871,24 DKK
3 436,86 DKK 11.22%
10+
3 818,93 DKK
3 440,34 DKK 9.91%
Self pick-up from office - FREE
Delivery by UPS courier - 123,75 DKK
See less
Self pick-up from office - FREE
Delivery costs start from 123,75 DKK
See more

Introduction

Tavex is pleased to present the King Edward VII sovereign gold coin, part of Britain’s most famous and longest issued gold coin series. The sovereign, introduced for the first time more than 500 years ago, is world renowned for its impeccable accuracy, strong liquidity and high quality. Hailed throughout the British Empire as “the chief coins of the world”, they were at the heart of the classical gold standard, playing a key role in international finance and trade. Sovereign gold coins were also used as legal tender currency by more than 20 countries during the nineteenth century, which is testimony to their widespread influence. This legacy is treasured by the current UK government which still deems the King Edward VII sovereign gold coin as official legal tender. Gold sovereigns have a real and permanent tangible value, and thus will make a great addition to any investor’s portfolio. 

Why Buy

  • Sovereigns are Britain’s most famous coins. Gold sovereigns are Britain’s most cherished coins and likewise one of the most recognised gold pieces in the world, representing the golden age of the British Empire.
  • Sovereign gold coins are liquid. With more than 700 million pieces minted since the 1800s, the sovereign gold coins are supported by a deep and liquid market.  
  • Sovereigns are money. All gold sovereigns minted after 1837 are considered legal tender and are exempt from Capital Gains Tax in the United Kingdom.
  • Sovereign gold coins are internationally recognised. The rich 500-year history of the gold sovereign and its effigy of King George V, ruler of the largest empire in human history, support the coin’s exchangeability worldwide.
  • Sovereign coins are the equivalent of savings. Gold sovereigns are an ideal choice for any long-term saver who appreciates the security and stability of owning physical legal tender gold coins.
  • Sovereign gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes sovereign gold coins serve as a portfolio hedge against market risk.

Buying gold items means low risks and maintaining wealth

Gold's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    3 906,12 DKK
  • Buyback price
    3 433,37 DKK
  • Your risk now
    472,75 DKK

Fact: gold price in DKK has risen 80.55% in the last 8 years. The lowest price was 7 537,09 DKK/oz and the highest 14 959,00 DKK/oz. Current world market price is 14 809,40 DKK/oz

History

The King Edward VII sovereign gold coin

The obverse of the coin portrays King Edward VII, the eldest son of Queen Victoria. Born in 1841, he acceded to the throne in 1901 and ruled until his death in 1910. King Edward VII was related to a large number of royal families throughout Europe, an aspect that was an advantage in his active role in the fields of foreign affairs. He was called “Peacemaker” as he fostered good relations between the dignitaries of other European countries. However, he was not fond of his nephew Kaiser Wilhelm II, who at the time was the German Emperor. Edward’s aversion to Wilhelm would eventually worsen diplomatic relations between Germany and Britain. Although his period of rule was short, he governed in a period of peace and plenty. The wealth created during the preceding Victorian era had created widespread prosperity, which was now being enjoyed. Britain, although economically falling behind the United States and Germany, was still the leading nation in global trade and shipping. The period between the 1900s and leading up to World War I would mark the height of the British Empire.

 Sovereign gold coins – an investment that embodies more than 500 years of British history

When England’s King Henry VII authorised the mintage of the sovereign gold coin in 1489, little did he know that more than five centuries later the gold sovereign would still be minted by Britain’s Royal Mint. This makes the British gold sovereign the oldest continuously produced gold coin in the world. The sovereign represents over half a millennium of history, and in this entire period it has kept an almost unified consistency of purity and quality, which has earned it the reputation of being extremely trustworthy. The gold sovereign is today cherished by collectors because of its historical significance; it is desired as a gift by those who recognise its elegance and value; and it is sought after by those who want their wealth to be secure, liquid and portable.

The sovereign – a famous gold coin of the English royalty

The history of the sovereign began in the Middle Age, when precious metal coinage played an important role in spreading the fame of the ruling English sovereign. To show off his greatness, King Henry VII had the original gold sovereigns struck in almost 24 karat gold weighing half a troy ounce, depicting the King, enthroned majestically on the obverse side of the coin. Although too pure and valuable to be used in daily commerce, they were instead handed out as gifts to visiting high-ranking officials. As time passed, the technical specifications of the gold sovereign coin changed, creating a more durable alloy which standardised the gold content to 91.6%, or 22 karats. These changes helped to fuel its wider acceptance as a circulating coin, and due to its reach in promoting the sovereign of the realm, hence the name “sovereign”, it became the de facto coinage of English royalty. Kings and queens that ruled after King Henry VII continued in his footsteps by portraying their effigy on the obverse side of the sovereign gold coin, a tradition that is still practised, and which can be observed on the modern sovereign gold coin which portrays the effigy of the current “sovereign”, Queen Elizabeth II. 

The gold sovereign – 22 karats of trust and accuracy

The sovereign gold coin gained its popularity not only because it portrayed a powerful ruler, although this probably helped, but it was rather the peerless uniformity of the gold coin that set the stage for its wider use in international trade. Every sovereign gold coin that was minted from 1817 onwards contained one pound's (£1) worth of gold, or 22 karat gold weighing 7.322 grams. The coin itself weighed exactly 7.98805 grams and was considered legal tender by English law so long as it did not weigh less than 7.9379 grams. The Royal Mint, which was the chief comptroller of the coinage, went so far in keeping the accuracy of the gold sovereign that it even made announcements to the public that they could have their underweight coins exchanged for newly minted ones. Another unique future of the gold sovereign was that it had no nominal face value, or denomination, since its value was exclusively tied to its fine gold content which at that time was valued at exactly £1.

The sovereign gold coin – buy, sell, and trade

This consistency of weight, purity, and value made the gold sovereign coin rapidly become one of the preferred gold coins in global trade and international settlements. Used by Chinese tea traders, Indian textile merchants, and American cotton sellers, gold sovereigns not only fulfilled the role of a stable currency, but acted as a promoter of British influence in the world. The sovereign gold coins became the currency of the British Empire, with minting outposts scattered around the globe in places like Perth in Australia, Bombay in India, and Pretoria in South Africa, just to name a few, ensuring that the supply of gold coins was always on hand for trade. By the early 1900s, more than 600 million sovereign gold coins had been minted and distributed throughout the world, reaching almost every corner of the earth. The sovereign had established itself as one of the foremost official monetary coins to influence world trade. 

The gold sovereign – legal tender recognised throughout the British Empire

Britain’s victory over Napoleon at the battle of Waterloo in 1815 would leave her without any serious competitor, making her the undisputed leading power at that time. Unchallenged at sea, she quickly established trading outposts, colonies, dominions and possessions, and in the process adopted the role of global policeman to guard all her precious possessions. The sovereign gold coins played a key part in the advancement of Britain’s imperialism, as they helped to facilitate trade among its large number of protectorates. At the peak of Britain’s power in the early 1920s, the empire encompassed almost a quarter of the earth’s land area and contained almost a half a billion people. The British Empire was the largest empire ever to exist, earning it the phrase “the empire on which the sun never set”.

Sovereign gold coins – value rises

However, the unfortunate advent of the First World War made the United Kingdom abandon the gold standard and consequently its production of gold sovereigns. To fund the war, the British government even appealed to its citizens to give up their gold coins in exchange for war bonds, which resulted in a vast amount, by some estimates £100 million worth of gold sovereigns (€23 billion in today’s money), being handed over to the government. Although gold sovereigns helped Britain to win the war, their demonetisation would usher in the era of the paper pound, which would in the next century regrettably lose a great amount of its purchasing power. Just consider that a gold sovereign was worth £1 on the eve of WW1, while the same coin today is sold for around £200. Although some gold sovereigns were minted again in 1925, they ceased to be used in daily commerce, and their continuous production only resumed after 1957.

The Royal Mint is one of the oldest and most respected government institutions of Great Britain. Its long operating history, by some estimates over 1100 years, and coupled with its production of many of the world’s most famous coins, like the gold sovereign, has contributed to making it one of the best known and renowned mints in the world. Since 1279 when the mint established its operation in the Tower of London, it has been responsible for the production of coins of the United Kingdom. Its reputation for excellence and trust was further reinforced when Sir Isaac Newton became Master of the Royal Mint. During his tenure at the Royal Mint, he was responsible for moving the British pound to the gold standard.

Today the Royal Mint is not only responsible for minting coins used for circulation in the UK, but is likewise producing official coinage for more than 60 countries in the world. However, the most important and renowned coin ever to come out of its minting presses has without doubt been the sovereign gold coin which even today is being produced at its minting facility in the town of Llantrisant, Wales, UK. The accuracy and quality of the modern gold sovereign coin is the same as it was two hundred years ago, containing 22 karats of fine gold and weighing exactly 7.98805 grams. The popularity of the gold sovereign has likewise not changed, as confirmed in 2014 when the Royal Mint ran out of 2014 sovereign gold coins due to exceptional demand. The gold sovereign is without doubt one of the foremost gold coins ever to be produced and the fact that almost 100,000,000 sovereigns gold coins have been minted since 1957 is a testament to their excellence and trustworthiness. The reputation of the gold sovereign coin as “the chief coin of the world” will live on for centuries, as savvy investors will always prefer to keep a portion of their wealth in gold coins which are secure, liquid and trustworthy.

Product weight in grams
7.98805
Gold weight in grams
7.315
Fineness
916.7
Gold weight in troy ounces
0.23542
Diameter
22.05
Thickness
-
Face value description
1 sovereign
Manufacturer
United Kingdom

Obverse

The obverse portrays King Edward VII. Around his effigy is the text “EDWARDS VII DG BRITT OMN REX FD IND IMP” which translates as “Edward the seventh, by the Grace of God, King of all the Britons, Defender of the Faith, Emperor of India”.

Reverse

The reverse displays the motif of the Christian martyr St. George slaying the dragon. The design was made by the acclaimed Italian engraver and chief medallist at the Royal Mint, Benedetto Pistrucci. The year of mintage is shown at the bottom. 

Packaging

Each coin is individually packaged in a hard plastic capsule if desired.

Pickup in Tavex store

You can choose to pick up your order in our store in Copenhagen. As soon as we receive your payment, we will contact you via email and phone, and you can then collect your order.

Delivery via UPS

After receiving your payment, your order will be shipped as soon as possible (normal within 24 hours) and you will receive a tracking number from UPS. UPS’ delivery time is approx. 1-3 working days.

To ensure that our customers personally receive and sign for the shipped goods, orders are sent as a value package via UPS with delivery, where a signature is required. UPS attempts delivery three times. If you have not been home to receive the package after the 3 attempts, the package is returned to Tavex. You can track your package via your tracking number here.

In some cases, it is possible to order collection of your package at a UPS delivery point, this requires a special agreement with Tavex. Please note that the delivery location may ask for ID when collecting packages.

Please note that all orders (unless otherwise agreed with Tavex) are sent by home delivery, and that you must therefore be at home and sign for receipt – Contact us if you wish to have your package sent to a UPS pick-up point.

Insurance

Your package is sent as an insured value package with UPS and should your package unexpectedly disappear or be damaged during transport, Tavex will resend your order or refund your payment. The insurance is valid until you have acknowledged and received the package.

Packaging

Your order is packed in protected packaging and sent in a discreet unmarked envelope/package.

Tracking

As soon as your order is packed, your tracking number will be sent to your email. You can follow the location and status of your package via the UPS website.

Shipping costs

Tavex offers free shipping on purchases over DKK 8,500 (excl. VAT)

0 – 8.500 DKK excl. VAT 123,75 DKK
8.501 – 1.000.000 DKK excl. VAT Free delivery
1.000.000+ DKK excl. VAT Contact us

The above prices are valid for deliveries in Denmark (not including Greenland or the Faroe Islands). If you want delivery abroad, please contact us on +45 3311 1510 or tavex@tavex.dk.

Delays/goods not in stock

If your package is sent later than expected, a given product is not in stock or temporarily sold out, you will be contacted by phone or email and you will be informed of the expected delivery time of your order.

NOTE: When delivering with UPS and picking up in our store, you must present a valid photo ID (passport or driver’s license).

  • Free delivery over DKK 8,500
  • Large stock
  • Fast delivery
  • 100% insured delivery

Vast Stock Availability

The majority of Tavex’s products are always in stock and therefore Tavex can offer you quick delivery and same day pick-up with market leading prices. Tavex is an official partner of all the biggest mints in the world, such as the Perth Mint Australia, the Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., the gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.

Same day pick-up

Feel free to visit our office during opening hours to have a free consultation or learn more about a specific product. If you purchase, online you can pick up the products on the same day we receive the payment.

Low prices

Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex, you can maximise return on your investment because of low margins and spreads.

Item in Stock

This item is in stock and ships right after payment is made and is ready for self-pickup.

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