The gold sovereign first struck by the Royal Mint all the way back in 1489. Over the years it has seen many changes - from circulating currency to retirement and then rebirth and resurgence to become the most trusted bullion coin available the market. Due to its weight in gold, its global recognition and history, the coin is acknowledged the world over by investors as a coin you just have to own.
Thanks to the Royal Mints strict manufacturing standards, the sovereign is trusted globally and is therefore easily tradable and can be liquidated with very little fuss. Its sale and re-sale desirability means that very little is paid over "spot price" when purchasing and very little is lost under "spot price" when coming to sell. This makes it perfect for short and long term inventors looking to flip these coins as the price of gold fluctuates.
Due to its investment-grade status, the Sovereign Bullion Coin is free from VAT. Furthermore, as it is considered legal UK tender, it is exempt from Capital Gains Tax (CGT) for UK residents.
Are there any CGT-free gold and silver bullion products? The simple answer is yes. Capital Gains Tax is exempt on all British legal currency. This includes Gold Britannia coins, Silver Britannia coins and Gold Sovereigns just to name a few. Any coin produced by The Royal Mint with a face value will benefit from being a CGT-free gold investment, or CGT-free silver investment. This means you can make an unlimited tax-free profit on investments of any size and value on ALL of these British legal currency bullion coins.
The CGT exemption is just one of the many reasons why you should be buying the 2022 Sovereign Bullion range. As mentioned earlier, due to the nature of this coin, even the newer releases can be picked up with very little premiums having to be paid. If a full Sovereign isnt withnin your reach, fractional sovereigns featuring the Platinum Jubilee design can also be purchased. These includes a Quarter Sovereign, a Half Sovereign, full Sovereign and Double Sovereign. This gives every level of investor the flexibility and choice to pick their entry level of investment.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or #actifit, and we can keep each other motivated .
Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.
Come join the community over on the discord channel- HERE
Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.
