(PRWEB) June 19, 2012
The Queen celebrated her 60th year as British Monarch on June 5th 2012 and to mark the anniversary, for 2012 only, the traditional Gold Sovereign George and dragon reverse design by Benedetto Pistrucci has been updated with a more dramatic George and Dragon scene by artist Paul Day.
One of the most globally recognisable coins, each 2012 Gold Sovereign coin is produced in 22 carat gold – 91.67% pure gold and has an overall diameter of 22.05mm and thickness of 1.52mm. The coin contains 7.315 grams of fine gold, from a gross coin weight of 7.98 grams. To complement the standard 2012 gold sovereign, the Royal Mint have produced half and quarter ounce variations featuring the same reverse design as the full sovereign coin, containing 1.997 grams and 3.99 grams of 22 carat gold respectively.
The Gold Sovereign is the main-staple national coin of the United Kingdom. Produced by the Royal Mint, the standard modern day gold sovereign, as specified by the 1816 coin act has been produced consistently from 1817 to 1917, 1925 and then again from 1957 to present day. The iconic George and Dragon design has repeatedly featured on the reverse, while the British monarch of the day is depicted on the on the obverse.
Other variants on the sovereign coin include the £2 double sovereign and £5 quintuple sovereign coins, each 22 carat and feature.
In the UK, due to their status of legal currency, gold sovereign coins are free from capital gains tax (CGT), ensuring no tax is payable on the profit in margin gain on the coins once sold. All gold coins and bars in the UK are VAT free.
The Gold Bullion Company offer the full range of 2012 Royal Mint Gold Sovereign coins, including a limited availability set of all three 2012 Gold Sovereign coins containing a full sovereign, half and quarter sovereign 22 carat coins.