Difference Between Gold Bullion And Gold Proof Sovereign

There are also uncirculated specimens which are of slightly better quality.

Difference between gold bullion and gold proof sovereign.

For many years the word bullion as applied to gold sovereigns meant gold sovereigns which were traded wholly or mainly on the basis of their gold bullion value with little regard for date design type or grade. A gold proof fdc sovereign would be valued at a minimum of 100 gbp. Since the british royal mint recommenced issuing uncirculated as opposed to proof sovereigns in 2000 it has adopted and adapted the word to mean ordinary uncirculated coins. Bullion coins are only struck in platinum gold and silver.

The premium you have paid for proof sovereign is a whopping 80 over the gold price whilst the bullion sovereign premium is about 6 7 premium over the gold price prices correct at time of writing february 2017. For many years the word bullion as applied to gold coins meant gold coins which were traded wholly or mainly on the basis of their gold bullion value with little regard for date design type or grade. 100 50 25 and 10 gold proof sets are we regularly purchase them for between 1 400 and 1 600. Can you spot the difference between these sovereigns.

A sovereign is a british coin made from gold with a nominal value of one pound gbp. Bullion coins are often referred to as uncirculated which means exactly that the coins have never been in circulation. Gold bullion is gold in the form of bars or. They are struck at a rate of up to 250 gold and 3 000 silver coins per hour and are of a similar standard to brilliant uncirculated coins.

What is the difference between proof brilliant uncirculated and bullion coins. The 1989 gold proof sovereign. Learn the difference between bullion proof and numismatic coins. These sovereigns were simply referred to as sovereigns or gold sovereigns and were issued in most years until 1982 when production.

Since the british royal mint recommenced issuing uncirculated in addition to proof sovereigns in 2000 it has adopted and adapted the word bullion to mean ordinary uncirculated. Uncirculated coins will have very minor scuffs and imperfections such as tiny scratches and edge knocks. In 1989 the royal mint struck a unique design to commemorate the 500th anniversary of the first gold sovereign based on a design similar to the first gold sovereign issued in 1489.