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 year 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 produced with base metal. Since then the gold £2 coin (or Double Sovereign) 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.

Gold Double Sovereign Price

An important factor affecting the price of a gold Double Sovereign coin is the value of the gold it contains. The weight of a Double Sovereign coin is 15.98g with a fineness of 916.7. This means that a Double Sovereign coin has a pure gold content of 14.64g. The price of a gold Double Sovereign coin is directly linked to the global price of 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 Double Sovereign coin will be based on today's gold price, with a small premium to cover the cost of manufacture and supply. Older or rare gold Double Sovereign coins can cost considerably more than the gold price.

Our website is constantly updated to display the price of gold Double Sovereign coins in real time. These gold Double Sovereign coins have a diameter of 28.4mm and are a great investment or collector's item.

Gold Double Sovereign Value

Investors often ask what is the value of a gold Double Sovereign? Gold Double Sovereign coins have a face value of 2. It is important to note that the face value 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 an intrinsic value for a Double Sovereign thanks to the public 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 Double Sovereign coins might command a further premium. A lower mintage, or special design could see their value increase beyond their metal content.

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. If you see the gold price in grams/ounces you can therefore work out how much a gold Double Sovereign is worth quite quickly.