Home >> My Experience Buying Gold British Sovereigns
Author: Gold Why Webmaster Date: March, 2017
Hey everyone, it's been a while. I'm back! Those who follow my Gold Why YouTube Channel
have enjoyed some fun gold, silver, and copper stacking videos over the past few years. If you
haven't checked out my YouTube channel, I highly recommend heading over the right now
(or at least after you finish reading this article). While my YouTube channel is growing, new
articles here on my website have not been happening. All I can say is I'm thrilled to be back.
Today's post is all about my Gold British Sovereign Coins. Today, I want to
share my personal journey purchasing these two incredible gold bullion coins. I absolutely love
these coins. As you can see in the pictures below (end of article), I purchased two Gold
Sovereigns from APMEX, one from 1928 and one form 1981. While there are many websites online
where you can research the specifics of these beautiful gold bullion coins, today I want to
share some of my personal insights. I want to share what these coins mean to me.
The Perfect Size
Those who have been reading Gold Why for a while probably know that I love fractional gold bullion coins.
Why? As a smaller time gold stacker, I don't always have a ton of disposable funds to purchase
gold. However, I always like to have a pulse on the market. I like to buy and dollar cost
average in over time. Fractional gold bullion coins allow me to buy when I don't have enough
money for a full, one troy ounce gold coin.
Additionally, I like variety in my portfolio. I like to diversify my gold bullion.
I'd rather buy a few different coins (fractional ones) vs. a single larger coin. Last, I just
like the smaller size. They are more transportable. They are a better size should I ever need to
use my gold for purchases.
British Sovereigns are wonderful fractional gold bullion coins, the perfect size. Containing
.2354 troy ounces of gold each, these fractional coins are very close in size and weight to
your standard quarter ounce gold bullion coins. I love fractional gold bullion coins of all
sizes, but have to say that those coins in this quarter ounce category (or close to it, in the
case of Sovereings) are my favorite. They are not so small that they are difficult to see.
However, they're not so big that they come with a hefty price tag.
British Sovereigns Are Fractional Gold Bullion Coins
I want to repeat my last point: Gold British Sovereign Coins are fractional gold
bullion coins. Sometimes, I think us gold stackers tend to favor the fractional gold
coins that have their gold content stamped on them. For example, fractional Gold American Eagles
and fractional Krugerrands have their actual gold content stamped on them. However, that's not
the case with British Sovereigns. Unless you specifically know the gold content (.2354 troy
ounces of gold each), you may not readily know their gold content. As a result, I sometimes
think gold stackers (at least myself) forget that Sovereigns are, in fact, fractional gold
bullion coins. I cannot believe I waited so long to long to pick up Sovereigns myself. Now that
I own two of them, I can clearly see that these will become a premier component of my fractional
gold bullion portfolio.
Gold British Sovereigns Are A Piece of History
The coins I own have roots dating back to 1817. These coins are a true piece of history. Just
think about it: While one of my Sovereigns is modern and uncirculated (1981), the other is from
1928 (and looks like it has some light circulation on it). That's a long time ago. I find it
fascinating that I own a coin that was in someone else's pocket, in historic times.
While my goal is stacking gold bullion, I like to have fun while doing it. I like to collect
while being a gold bullion stacker. In fact, when I make purchases from APMEX, I always request
(in the notes section) older date coins. Often times, I get what I want (as in the case of my
Also worth noting: The monarch on the obverse of each Sovereign changes over time, based on the
reigning monarch at the time. It's so fun to collect a gold bullion coin that changes over time.
This coin documents history.
Sovereigns Are Inexpensive
I have been making a variety of purchases from APMEX recently and am quite happy with their
selection and service. Both of my Gold Sovereigns are from APMEX. Right now, APMEX is offering
Sovereigns as low as $17.99 per coin over spot. As someone who's been slowly but steadily buying
gold and silver over the years, I have learned that it's really important to stretch my dollars.
I would say this is a point that I have been stressing even more over the last year. I only have
so much money. In fact, I would say I'm probably one of the more budget-constrained gold
stackers. However, that's ok. What really matters is time and persistence. What also matters
is getting a great deal on my precious metals. With Sovereigns, that is totally the case.
By minimizing the dealer's markup over spot, I get to stretch my gold dollars as far as
possible. If you're looking to stretch your dollars, you may want to consider adding
some British Sovereigns to your portfolio.
Gold Sovereigns Are Sturdy
There are those out there who prefer 24 karat gold. There are others that prefer 22 karat gold.
Gold Sovereigns offer .2354 troy ounces of gold weight at .9167 purity, making them 22 karat
gold. Rather than take sides, I like to have both 22 karat and 24 karat gold coins in my
personal gold stack. I like having 22 karat gold because it's durable, and resists scratching
and denting. I like 24 karat gold because of its amazing color, shine, and purity. I always feel
like I have to be super careful with my 24 karat gold, however. If you're looking to have a
balanced portfolio like me (both 22 karat and 24 karat gold) or like 22 karat exclusively,
British Sovereigns could be great for you.
Over time, I expect to purchase more Sovereigns. I really love London and British History. I
feel like these coins allow me to own a piece of history at a great premium over spot. They
are close to being one quarter troy ounces of gold, making them the ideal size and weight for
me (perhaps my favorite size gold bullion coin). Over time, I hope to own a variety of British
Sovereigns with a variety of different monarchs on them (how much fun). I will likely keep
buying from APMEX because of the low premium and their strong stock of Sovereigns (don't
always see them elsewhere). Everyone, I hope you enjoyed today's article and please check back.
I have some more fun articles on the way! And, don't forget to check out the pictures of my