Sovereign Gold Coin (incl GST)
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Sovereign Gold Coin (incl GST)

AUD$467.20
qty
Perfect mix - collector / investor
The iconic Australian Sovereign Gold Coin was produced between 1852 to 1931. Each coin is 7.986g and minted from solid 22ct gold (91.7%) yielding a pure gold content of 7.3g or 0.23 oz. Over time they were either minted in Sydney, Melbourne or Perth with corresponding S, M or P Mintmarks. Australian Sovereigns are considered rarer than the English version and are increasingly being sort after for collections. Ainslie Bullion, being a bullion dealer not a coin dealer, does not differentiate nor present as certain series in the coins history.

There are 9 different types (but more permutations considering where they were minted). The 9 consist of the Sydney Mint Type 1 (1855-1856), Sydney Mint Type 2 (1857-1870), Victorian Young Head Shield Reverse (1871-1887), Victorian Young Head St. George Reverse (1871-1887), Victorian Jubilee Head (1887-1893), Victorian Veil Head (1893-1901), King Edward VII (1902-1910), King George V Large Head (1911-1928) & King George V Small Head (1929-1931).


Because they are not 99.99% pure nor legal tender they are not classified as investment bullion per se in Australia and attract GST.
Coins are a popular choice of bullion given they often have legal tender status (Government backing of the coin and its metal content), often smaller in size (making for easier disposal in the event of large price increases), international recognition (no fuss tradability overseas) and portability. Another common advantage is mintage limits on many government minted coins meaning a “collectible” premium can often be realised. Caution should be exercised in buying coins over bars for your Super as they can be classified as a collectible and need special storage / insurance requirements. Refer to the ATO or your advisor for more information.
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