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1962 Gold Sovereign Coin - Queen Elizabeth II

Name: 1962 Gold Sovereign Coin - Queen Elizabeth II
Brand: The Royal Mint
SKU: SOV1962
Price: 964.92 GBP
Availability: OutOfStock

SKU: SOV1962 | Pre-Owned | Out of Stock

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£964.92

About this product

The 1962 Gold Sovereign marked the return of the Sovereign after two years with none struck. Made by The Royal Mint in 22 carat gold, it carries Mary Gillick's portrait of Queen Elizabeth II and Benedetto Pistrucci's St George and the dragon.

It holds 7.32 grams of pure gold and is UK legal tender, so it's free from VAT and Capital Gains Tax for UK residents. We grade and test every coin before it's sent.

Material

Gold
Brand

The Royal Mint
Series

Gold Sovereign
Monarch

Queen Elizabeth II
Denomination / Size

Sovereign
Country

United Kingdom
VAT Status

Exempt
CGT Status

Exempt

Product Description

The 1962 Sovereign restarted production of Queen Elizabeth II's bullion Sovereigns. The Royal Mint struck none in 1960 or 1961, so this was the first new Sovereign for three years.

The Royal Mint made 3,000,000 Sovereigns dated 1962 at its Tower Hill site in London. Like the 1957 to 1959 coins, they were made to supply genuine Sovereigns to markets overseas.

Why production started again

In the 1950s and 1960s, Sovereigns were in strong demand in Greece and the Middle East, where they sold for more than their gold value. That made them a target for forgers.

By issuing genuine new coins, The Royal Mint helped meet demand and reduce the profit in faking them. Production continued every year from 1962 until 1968.

Design of the 1962 Sovereign

Obverse (front): Mary Gillick's portrait of Queen Elizabeth II, wearing a laurel wreath tied with ribbons. It was the Queen's first coinage portrait.
Inscription: ELIZABETH II DEI GRATIA REGINA F: D:, Latin for "Elizabeth II, by the Grace of God, Queen, Defender of the Faith".
Reverse (back): Pistrucci's St George slaying the dragon, dated 1962, with his initials "B.P.".

1962 Sovereign specifications

Weight: 7.98 grams
Pure gold content: 7.32 grams (0.2354 troy oz)
Purity: 22 carat (91.67% gold)
Diameter: 22.05 mm
Face value: £1
Obverse: Mary Gillick's portrait of Queen Elizabeth II
Reverse: St George and the dragon by Benedetto Pistrucci
Mintage: 3,000,000

Condition, testing and packaging

Our 1962 Sovereigns are pre-owned coins graded Very Fine (VF) or better. You can expect light wear, with the portrait and St George still well defined.

Each coin is tested by our team, then supplied in a clear coin flip. The images are representative, so your coin may differ a little.

Building a date run? See the 1959 Gold Sovereign and the 1963 Gold Sovereign. If the date doesn't matter to you, our Best Value Pre-Owned Full Gold Sovereigns offer the lowest premium.

Delivery Information

Every order goes out by Royal Mail Special Delivery, fully insured and tracked.

Order by 1pm, Monday to Friday, and we'll dispatch that day while stock lasts. Each coin gets a final check before it's packed.

To save on postage, select Click & Collect when you check out. We'll email you when your order is ready at our Royal Wootton Bassett branch. Bring official photo ID, for example a passport or driving licence.

UK debit cards and bank transfers are welcome, but credit cards are not. For bigger orders, we may contact you about paying by bank transfer before dispatch.

We supply customers based in the UK only.

Investing Information

No VAT to pay

There's no VAT on this coin. The Sovereign qualifies as investment gold in the UK, and investment gold is exempt from VAT, new or pre-owned.

Free from Capital Gains Tax

Because it's legal tender in the UK, the Sovereign is free from Capital Gains Tax for UK residents. Many people find this useful when adding to their gold over time.

Trusted around the world

Because every Sovereign holds the same amount of gold, it's easy to value. That's why they're so simple to sell on.

Getting advice

We can't give personal investment advice. Please research carefully and talk to a qualified adviser before making an investment decision.

Product Specification

Coin

Full Gold Sovereign

Year

1962

Type

Pre-Owned / Secondary Market

Weight

7.98 grams

Gold Content

7.32 grams (0.2354 troy oz)

Fineness

22 carat (91.67% pure)

Diameter

22.05 mm

Thickness

1.52 mm (approx)

Edge

Milled (108 grains)

Face Value

£1 GBP

Mintage

3,000,000

Obverse Designer

Mary Gillick

Reverse Designer

Benedetto Pistrucci

Monarch

Queen Elizabeth II

VAT Status

Exempt

CGT Status

Exempt

Mint

The Royal Mint (Tower Hill, London)

Condition

Pre-owned, Very Fine (VF) or better

Reference

Spink 4125, Marsh 300

Denomination Information

A short history of the gold Sovereign

Britain's modern Sovereign dates from 1817, following the Great Recoinage of 1816. Worth one pound, or 20 shillings, it was quickly trusted by traders across the globe.

Pistrucci's famous reverse

Since 1817, Benedetto Pistrucci's St George and the dragon has been the Sovereign's signature design. Few coin designs have lasted so long.

The Sovereign's specification

Sovereigns are still made to the same standard as the first coins, weighing 7.98 grams and containing 7.32 grams of pure gold. Only the portrait moves with the times.

Sovereigns left everyday use in Britain after the First World War began in 1914. The Royal Mint brought them back as bullion coins in 1957, with Mary Gillick's portrait of Queen Elizabeth II used until 1968.

Popular with UK buyers

Sovereigns remain UK legal tender and are still produced by The Royal Mint. No VAT and no Capital Gains Tax for UK residents make them a popular choice.

Selling a Sovereign? See how much a gold Sovereign is worth today.

About Us

Every pre-owned coin we sell is graded and tested by our own team before it goes on sale. If we can't verify a coin, we don't list it.

We've been buying and selling precious metals since 2008. Our experience and testing equipment mean you get exactly what you ordered.

What our customers like:

Transparent pricing
Tracked and insured UK delivery by Royal Mail
Collection from our Royal Wootton Bassett office, if you bring photo ID and proof of address

Take a look at our reviews on Trustpilot, Google and FreeIndex. We can't advise on your finances, but our team will help with questions about coins and orders.

Your questions answered

We've compiled a list of our most frequently asked questions. If there's something we haven't covered, please call us & we'll be happy to help. Read all FAQs.

Each coin is supplied in a clear protective coin flip. You can see both sides without touching the gold.

If it's in stock and you order before 1pm on a weekday, it leaves us the same day by Royal Mail Special Delivery, fully insured.

No. As investment gold, the Sovereign is VAT exempt in the UK, whether you buy one coin or several.

Yes, for UK residents. As UK legal tender, the Sovereign is exempt from Capital Gains Tax. We can explain the rules but can't give personal tax advice.

The Royal Mint struck 3,000,000 Sovereigns dated 1962. They were the first Sovereigns made since 1959, as none were struck in 1960 or 1961.

The Royal Mint simply didn't strike any Sovereigns in those two years. Production of Gillick Sovereigns resumed with the 1962 issue and then continued every year until 1968.

There are 7.32 grams of pure gold in a 1962 Sovereign, which is 0.2354 of a troy ounce. The whole coin weighs 7.98 grams of 22 carat gold. At today's live price (29th September 2026), the gold is worth £741.20. The price you pay includes a premium on top.

You can pay by UK debit card or bank transfer. We're not able to take credit cards, Amex, or business payment cards.

Walk-in purchases aren't possible, as all orders need to go through our website first for security and stock reasons. When ordering online, you can choose 'Click & Collect' at checkout to save on postage and pick your order up from our Royal Wootton Bassett branch. We'll email you as soon as it's ready, and you'll just need to bring photo ID with you. Payment is by UK debit card or bank transfer. We don't accept credit cards.