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2010 Proof Gold Sovereign

2010 Proof Gold Sovereign
from
£495.00
(VAT Exempt)
Are you an avid collector of commemorative Full Sovereigns? Or perhaps the year 2010 is especially symbolic to you? Whatever your reason, the 2010 Gold Proof Sovereign makes a fantastic edition to a Sovereign collection. Featuring a more mature effigy of Elizabeth II by Ian Rank-Broadley, and combined with Benedetto Pistrucci’s famous Saint George and the Dragon engraving. This 2010 edition is one of only 8,828 minted, with a weight of 7.98 grams and 22 carat gold. Presented in its original Royal Mint packaging, and with a numbered certificate of authenticity, this coin is offered by The Britannia Coin Company with free, insured delivery.
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The Britannia Coin Company offers you a 2010 Full Gold Proof Sovereign. A smart investment to any collection, we hope to ensure you make a confident decision.

History of the Gold Sovereign

Spanning a history of over 500 years, the Gold Sovereign dates back to the reign of Henry VII in 1489. The Sovereign we see today however is the version that was reinstated in the Nineteenth Century during the reign of George III. The costs of the Napoleonic Wars saw a need for a reform of Britain's coinage. The Great Recoinage of 1816 saw the Sovereign reintroduced in 1817, the first of which were produced at The Royal Mints' new premises in Tower Hill. Using their newly acquired steam powered coin press, this technology propelled coin production forwards at much higher speeds.

Now an instantly recognisable coin to collectors around the world, the Sovereign is today considered not only to be one of the most trusted bullion coins in existence, but their status means that they are relied upon by investors around the world. This legacy means that the Sovereign remains a highly desirable coin for buyers today.

7.98 Grams of 22 Carat Gold 

Since their reintroduction in 1817, each Gold Sovereign has been minted to exactly the same specification. The 2010 Gold Proof Sovereign is no exception to this rule.

Firstly, each Gold Sovereign has a diameter of 22.00 millimetres and a thickness of 1.52 millimetres.

Weighing at 7.32 grams or 0.2354 troy ounces of pure gold, the 2010 Gold Proof Sovereign is 22 Carat Gold. This is the equivalent to a purity of 91.6% or a fineness of .917.

The remaining weight in a Full Gold Sovereign is mostly copper, which also lends the Sovereign their characteristic reddish tone.

Struck to Glorious Proof Standard

Proof coins are the highest quality commemorative coins produced. They represent true skill and expertise, making coins like the 2010 Gold Proof Sovereign truly exceptional examples for collectors everywhere. 

The dies that are used to strike Proof coins are hand finished to ensure perfection. The blanks are fed into the press by hand, before being struck up to six times. Working at a lower speed, and with less pressure than other finishes, this preserves the finer details of the designs. Each Proof die may only strike a few hundred coins before it has to be re-polished. This means that the Royal Mint can only strike about 50 Proof coins per hour. This is an exponentially slower rate of production than that maintained for circulating coins.

Due to the more laborious processes involved, Proof coins are usually issued in limited numbers and the 2010 Gold Proof Sovereign is no exception. Only 8,828 Proof Sovereigns were minted in this year, a similar figure to the years immediately before and after. In addition to the Proof Sovereigns, there were also around 240,000 bullion coins produced in this year.

Queen Elizabeth II's Fourth Portrait

The 2010 Proof Gold Sovereign features the fourth portrait of Her Majesty Elizabeth II. This portrait was designed by the sculptor Ian Rank-Broadley. After a competition to create a conjoint portrait of the Queen and Prince Phillip prompted call for a new coin portrait, this effigy of a more mature and faithful version of Queen Elizabeth II was chosen. Taking influence from Pistrucci’s original Sovereign design of 1817, Rank-Broadley has also produced a sculpture of the famous 'Saint George and the Dragon' scene, and he considers it a contender for a future replacement of Pistrucci’s Sovereign reverse.

On the obverse of the coin, around the portrait the inscription reads 'ELIZABETH II DEI ∙ GRA ∙ REGINA ∙ FID ∙ DEF∙'. Translated from Latin, this phrase means 'By The Grace of God, Queen, Defender of the Faith'.  As Monarch, this phrase recognises her position as Supreme Governor of the Church of England. This is a position that she has held since her coronation in 1952, and a similar phrasing has been used on all of her official and commemorative currency since. 

Saint George and the Dragon

In 1816, the British Government ordered a Great Recoinage of British currency. This act reintroduced the Sovereign into Britain, and with that reintroduction, a new reverse design was needed. The design chosen was that of Benedetto Pistrucci’s depiction of Saint George and the Dragon, which has since featured nearly exclusively on the Sovereign for over 200 years. Inspired to design a 'Greek style' St George, the design was born. A welcome change to previous designs, the use of a warlike figure was also a nod towards the recent victory over the French at Waterloo.

The design of Saint George slaying the dragon has featured on the Sovereign of every monarch since its inception during the reign of George III; except William IV, although his niece Queen Victoria adopted it once more on her accession to the throne in 1837. The engraving is still used up to the present day, and that includes the reverse of the 2010 Proof Gold Sovereign. 

Collecting and Investing in Sovereigns

Already more than 10 years since this coin was minted, fewer and fewer 2010 Gold Proof Sovereigns are coming to the market. If you are working to complete a Proof Sovereign collection then it’s important to acquire these dates when they become available.

As well as appealing to collectors of commemorative coins, Proof Sovereigns like the 2010 issue are an excellent way to diversify your investment portfolio for several reasons:

  • The 22 Carat Gold composition of Gold Sovereigns offers the intrinsic security of precious metal as a way of storing wealth
  • Their relatively low weight of 7.98 grams means that prices for Sovereigns are accessible and small portions of your collection can be liquidated much easier than gold bars
  • The numismatic value and aesthetic beauty of coins like the 2010 Gold Proof Sovereign can give them a value above the gold price on the collector's market
  • As they are composed of investment grade gold, 2010 Gold Proof Sovereigns are exempt from VAT in the UK and the European Union
  • An additional tax benefit: Gold Sovereigns are technically legal tender in the UK, making them exempt from Capital Gains Tax.

Here at The Britannia Coin Company we can't recommend the 2010 Gold Proof Sovereign enough. Secure yours today and get free insured delivery on your order. Any questions? Call or email today and our expert staff will be pleased to assist.

Reviews

We are always proud to show off our previous customers experiences with you and what they thought of our purchasing through with Britannia Coins.

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Joel B
28th June 2021
Raymond G
24th June 2021
Thereza Macnamara
23rd June 2021
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24th May 2021
Philip H
17th May 2021
Thomas Griffiths
5th May 2021
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16th April 2021
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16th April 2021
Daniel L
30th March 2021
Andrew Brooker
22nd March 2021