The new 2018 Proof Sovereign has been released today, but you may only have days to own one. Let me tell you why…
We’re in the golden age of the Proof Sovereign. In 2017, the UK Proof Sovereign, issued to mark 200 years of the Sovereign, sold out at The Royal Mint in just 4 weeks, and in July, this year, the entire mintage of Piedfort Sovereigns sold out on its FIRST DAY of issue.
First ever one-year-only mintmark
Next year Her Majesty the Queen will celebrate the 65th anniversary of her coronation, becoming the first British monarch ever to do so. So to mark the anniversary, the Proof Sovereign features a special one-year-only mintmark for the very first time.
One-year-only mintmarks are only applied to coins for the most significant events and anniversaries and this is certainly an important one. In fact, it’s unlikely we’ll ever see a Royal anniversary as significant as this in our lifetimes.
22 Carat Gold Pedigree
The 2018 Sovereign is minted from 22 Carat Gold and it is this historical pedigree that makes the coin so admired and sought-after around the world.
It is also one of the finest examples of British craftsmanship. The exceptional ‘proof’ finish is the result of the coin being struck up to 4 times using specially polished dies.
The time and effort required to produce the frosted relief and mirrored background of the coin is why a proof finish is considered the pinnacle of the mint-masters art – and the most sought-after by collectors.
And with an edition limit of just 10,500 worldwide – the same edition limit as last year’s sell-out Proof Sovereign – the 2018 Gold Proof Sovereign has all the elements to be the most collectable gold coin of the year.
If you’re interested…
You can secure the 2018 Gold Proof Sovereign now, but you’ll have to act quickly.
Update, 27th June: It has now been confirmed that the Gold Proof Piedfort Sovereign has completely SOLD OUT at the Mint, in just 24 HOURS. It’s still available at The Westminster Collection, click here >>
2017 marks the bicentenary of the ‘modern’ Gold Sovereign – the most important numismatic anniversary for decades. To mark this occasion a number of special limited edition Gold Sovereigns have been released, including what might be the most important gold sovereign of them all – the first ever Gold Proof Piedfort Sovereign.
The Gold Sovereign is undoubtedly the United Kingdom’s most famous gold coin, and has been struck from 22 Carat Gold to the exact same specification since 1817.
To mark the 200th anniversary of the ‘modern’ Gold Sovereign, The Royal Mint has created a milestone in numismatic history by issuing the first ever Piedfort Sovereign.
Piedfort coins are some of the finest examples of British craftsmanship and the Gold Proof Piedfort Sovereign is no exception.
The very first Piedfort can be traced back to the 12th century. First minted in France, the name directly translates to ‘heavy measure’. The striking of Piedfort coins began later in England, however examples are known to date back to the reign of Edward I.
Piedforts were considered prestige pieces and ownership was often used as a means to signify a person’s wealth and power.
Today, Piedforts continue to be limited issues and striking of such pieces is reserved strictly for the most important events. Therefore, it seems fitting the UK’s first Piedfort Sovereign has been struck to mark 200 years of the Sovereign.
From today, for the first time ever, collectors will be able to own the Piedfort Gold Sovereign and with an edition limit of just 3,500, this new release is sure to be one that will be treasured in years to come.
You can now own the First Ever Gold Proof Piedfort Sovereign, but with such a tiny edition limit, they won’t be available for long. Sign up below if you’d like to be contacted about owning this UK first:
2017 sees the Gold Sovereign’s bicentenary, and to mark the occasion a special one-year-only design has been unveiled, recreating Pistrucci’s original 1817 engraving. It’s a truly fitting tribute and acknowledges the rich history of the coin which I’ve been exploring in these blogs. If you missed the previous posts you can start from the beginning here, but now here’s the final chapter in the sovereign’s history so far…
In Part V, I explored the decline in production of Gold Sovereigns as a result of World War I and the worldwide economic crisis, which lead to the end of the Sovereign. Until 1957 when it was revived once again…
Apart from one special limited edition commemorative issue for King George VI’s coronation in 1937, no Sovereigns had been struck since 1932. In 1953, Sovereigns were produced for Queen Elizabeth II for the Coronation Sets but they were for national collections, not collectors.
The Sovereign’s revival
Then in 1957, worldwide demand for the coins became so great that The Royal Mint resumed production of bullion gold Sovereigns for circulation. Not only would this satisfy demand, it would also blunt the premium that was making it so lucrative to counterfeit the coins.
These early ‘restoration’ Sovereigns of Queen Elizabeth II’s reign feature Mary Gillick’s portrait of the young Queen on the obverse, engraved especially for her new coinage.
The portrait design was changed in 1968 prior to Decimalisation in 1971, to a portrait by Arnold Machin. This portrait still features on postage stamps all these years later.
A new market emerges
Queen Elizabeth II’s reign has been a time of change for the Sovereign. A new market has emerged – the collector’s market.
In 1979, The Royal Mint produced the first proof version of the Sovereign of her reign. This higher grade version was limited to just 12,500 pieces and proved very popular with collectors.
With a newfound interest from collectors, it is not surprising that we have seen more design variations of the Sovereign than ever before.
A third portrait design by Raphael Maklouf was used from 1985 to 1997 and a fourth by Ian Rank-Broadley FRBS replaced this until 2015 when Her Majesty’s portrait was updated by The Royal Mint engraver, Jody Clark.
The UK’s Premier Gold Coin
We have also seen the introduction of commemorative one-year-only designs, which started in 1989 with the issue of a special 500th anniversary Sovereign, featuring a design similar to the first Sovereign in 1489. These special commemorative designs have become more and more popular.
Since then, there have been one-year-only designs for the Queen’s Golden Jubilee in 2002, the modern St. George and the Dragon in 2005, the Diamond Jubilee in 2012 and the Queen’s 90th birthday in 2016.
These limited editions have seen a surge in Sovereign collecting, cementing its position as the UK’s premier gold coin.
It’s universal appeal shows no sign of slowing. In recent financial crises, people all over the world clamoured for Gold Sovereigns.
The Sovereign’s reputation for quality and reliability remains and will remain for years to come and now the next chapter in the Sovereign story has been written…
Announcing the new UK Bicentenary Gold Proof Sovereign
To mark the Bicentenary of the “modern” Gold Sovereign in 2017, The Royal Mint have just released a brand new Gold Proof Sovereign reprising Benedetto Pistrucci’s original engraving from 1817.
With a low edition limit of just 10,500 worldwide, a special one-year-only design change and a fine proof finish, the 2017 Bicentenary Gold Sovereign has all the elements to be one of the most collectable British gold coins of the 21st century. And now you can own one.