What Is a Sovereign Coin?


Quick Answer

A sovereign coin is a gold coin produced by the Royal Mint of England. The face of the coin bears the image of the British monarch at the time the coin was minted. These coins are kept primarily as investments due to their high gold content and historical value.

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What Is a Sovereign Coin?
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Full Answer

According to the Royal Mint, the first sovereign was produced in 1489 at the request of King Henry VII. They did not re-enter circulation until 1817, and production has been halted several times since then. Limited editions of sovereign coins are sometimes produced and feature new images on the obverse of the coin. The 1989 Sovereign and the 2012 Diamond Jubilee Sovereign are examples of these limited edition sovereigns.

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