Gold Double Sovereign

Gold Double Sovereign History

The Double Sovereign dates back to 1485 when larger sovereigns were struck for presentation purposes. The first official Double Sovereign however was minted in 1820 during the final reign of George III, but only as a pattern rather than a circulation coin. 1823 saw the first circulation of a Double Sovereign for George IV.

As such a high value coin, production was limited during the 19th and early 20th century. Only a few more coins were struck on occasion for William IV, Queen Victoria, Edward VII, George V and George VI.

It wasn’t until 1994, following a review of UK coinage, that it was agreed a £2 coin could enter general circulation. Since then the gold £2 coin has enjoyed a resurgence. Commemorative coins offer collectors the opportunity to buy limited mintage coins that celebrate key events and people in history.

The bullion Double Sovereign has also become increasingly popular, offering investors all of the tax benefits of the smaller coin, but with twice the amount of gold, overcoming one of the only drawbacks to be found with the Sovereign.

You may also be interested in:

• £1 Pound Proofs
• £5 Pound Proofs

Gold Double Sovereign Price

Gold Double Sovereign prices are derived from the value of the gold each coin contains. Each gold Double Sovereign coin weighs 15.98 grams, and is struck to a purity of 22 carat, meaning they contain 14.64 grams of pure gold.

Gold Double Sovereign prices can vary thanks to the coin's history and numismatic appeal, with certain years or designs being particularly desirable with collectors. The price of a new gold Double Sovereign coin will typically be based on today's gold price, with a small premium to cover the cost of manufacturing and supply of the coin. Older or rare gold Double Sovereign coins can cost considerably more than the UK gold price. With the global price of gold being primarily calculated in dollars, periods in which the pound is weak versus the dollar will see UK gold Double Sovereign prices rise, while a strong pound would see lower prices in the UK.

Our gold Double Sovereign prices are displayed in real-time, updating every two minutes in-line with the current gold spot price. Investment gold is VAT-free, and the gold Double Sovereign price shown includes fully insured delivery.

Gold Double Sovereign Coin Specification

The gold Double Sovereign coin is a British gold coin manufactured by the Royal Mint. British gold Double Sovereign coins weigh 15.98g with a diameter of 28.4mm. Gold Double Sovereign coins are manufactured from 22 carat gold.

Gold Double Sovereign Value

Investors often ask what is the value of a gold Double Sovereign? British gold Double Sovereign coins have a face value of £2. It is important to note that the face value is a nominal amount that has no bearing on the actual value of the coin. As mentioned, the gold Double Sovereign coins main value can usually be worked out based on the current gold price. It is this simplicity that makes gold bullion coins appealing. They are bought and sold based on their intrinsic metal value without having to worry about any numismatic value and more complicated selling process.

You can always find a simple benchmark value for a gold Double Sovereign thanks to the publicly available spot price. The value of a gold Double Sovereign is therefore generally the same regardless of the year and is just based on the metal content. Some years of gold Double Sovereign might command a further premium. A lower mintage, or special design could see their value increase beyond their metal content.

The easiest way to work out a gold Double Sovereign value is to use its gold weight of 14.64 grams and multiply that by the current gold spot price in grams. As a coin with a purity of 916.7 fineness, it's important to calculate the 22 carat gold Double Sovereign value, to ensure you have an accurate price.

How Much are Gold Double Sovereign Coins Worth?

If you are wondering how much are gold Double Sovereign coins worth, a simple rule of thumb is that a gold Double Sovereign has 14.64g of pure gold, 0.47 troy ounces. If you see the gold price in troy ounces you can therefore work out how much a gold Double Sovereign is worth quite quickly by dividing the troy ounce price by two.