sovereign
A Sovereign is a British gold coin with a face value of one pound and 7.322 grams of fine gold content in 22 carat gold.
Why it matters
Sovereigns are widely recognised by UK bullion dealers and are often compared with bars because they are divisible, familiar, and UK legal tender. Their market value is normally driven by gold content, condition, date, demand, and premium rather than the one pound face value.
What to check
Check authenticity, weight, dimensions, condition, date, and whether the coin is bullion or collectable. UK legal tender CGT treatment is commonly discussed for Sovereigns, but readers should check current HMRC guidance before relying on tax assumptions.