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1994 Elizabeth II Gold Proof Sovereign

1994 Elizabeth II Gold Proof Sovereign Boxed
from
£750.00
(VAT Exempt)
Struck in 1994 at The Royal Mint, this gold Sovereign comes in its original capsule and presentation case with a numbered certificate of authenticity enclosed. It’s one of just 7,165 of these coins issued individually in this year, according to Spink & Sons. Proof Sovereigns have a finer finish than their bullion counterparts, achieved with multiple strikes of hand-prepared dies. Their appearance makes them sought-after, as do their limited numbers. This 1994 example features Raphael Maklouf’s portrait of Her Majesty Queen Elizabeth II. This effigy - the third definitive coinage portrait of the Queen - was in use on UK money between 1985 and 1997. Maklouf’s portrait is paired with an instantly recognisable reverse, designed by an Italian artist named Benedetto Pistrucci. He crafted this famed image of England’s patron saint, George, in the act of slaying a dragon, for the first modern Sovereigns, issued in 1817. The coin, taking its name from a prestigious Tudor denomination, was introduced following a major overhaul of the countries money. Pistrucci’s initials appear next to the date, below the ground on which St George’s horse rears. Like all ‘full’s Sovereigns, this 1994 edition is composed of 7.98 grams of 22 carat gold. It has a milled edge and a diameter of 22.05 millimetres, conforming to specifications in use for two centuries.
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22 carat gold proof Sovereign in original box from 1994.

History of the Sovereign

The Gold Sovereign dates back over 500 years, to the reign of Henry VII in 1489. The prestigious name was revived for a new coin, first minted in 1817 in the aftermath of the Napoleonic Wars. 

This new gold Sovereign was composed of 7.98 grams of 22 carat gold (.2354 troy ounces) and had a diameter of 22.05 millimetres. These specifications have remained the same down the centuries and today’s Sovereigns are still minted to the same standards. Nominally, Sovereigns have a face value of one Pound sterling though their gold content means they are worth significantly more.

The most sought after Sovereigns offered by The Royal Mint are undoubtedly their proof coins. Intended for collectors, these pieces have the finest available finish and are offered annually in limited numbers.

Saint George and the Dragon

For much of its history the modern Sovereign has featured an instantly-recognisable reverse design, crafted by Italian artist Benedetto Pistrucci. His classic Saint George and the Dragon motif shows England's patron saint mounted on a horse, slaying a dragon underfoot.

It's a powerful image that has become synonymous with the gold Sovereign. These coins don't carry their denomination on their face as part of their legend like most currency, so the Saint George motif is an easy identifier for many collectors. The coin's date appears below the dragon.

Between 1985 and 1997, British money, including gold Sovereigns featured a portrait of Her Majesty Queen Elizabeth II by renown sculptor Raphael Maklouf to the obverse. His effigy shows the Queen wearing the George IV State Diadem. Maklouf's initials can be seen on the truncation of her neck.

Collectible Gold Coins

Proof coins are always offered in limited numbers while their bullion counterparts are often easier to acquire. Between 1983 and 1997 no bullion Sovereigns were struck making the proof coins all the more sought after. They have a high-definition, high-contrast finish, achieved with multiple strikes of hand-prepared dies.

Only 7,165 proof Sovereigns were issued by The Royal Mint in this individual presentation in 1994.

Your proof Sovereign comes in it is original presentation case from The Royal Mint. The coin remains sealed in it capsule meaning the proof finish is well preserved. The original numbered certificate of authenticity is included.

You might also want to consider our mixed-year, best value Sovereigns if you are collecting or investing.

All Sovereigns, including those struck in 1994, are exempt from Capital Gains Tax as UK legal tender and free from VAT in the UK and EU as investment grade gold.

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