A proof 1989 gold Sovereign, enclosed in perspex capsule and housed in its original presentation box with certificate of authenticity. Both the obverse and reverse faces of the coin are by Bernard Sidnall.
To commemorate the 500th anniversary of the first gold sovereign, the Royal Mint introduced a special one-off design that echoed the original design.
The 1989 gold Proof Sovereign features two new designs by Bernard Sindall, both of which are modern adaptations of the original sovereign design of 1489. The reverse is a Shield of the Royal Arms ensigned by an open Royal Crown, the whole superimposed upon a double rose and the circumscription ANNIVERSARY OF THE GOLD SOVEREIGN 1489-1989. The obverse shows H M Queen Elizabeth II seated as at her coronation, within the circumscription ELIZABETH II DEI GRA REG FID DEF, which may be translated as Elizabeth II – by the grace of God, Queen, defender of the faith.
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Being legal tender, all gold Sovereigns benefit from being free of Capital Gains Tax. They are also exempt from VAT.