Gold Sovereign (2020) for UK delivery
Gold Sovereign (2020)
2020 Sovereign gold coins from the Royal Mint are made of 22-carat bullion. With St. George killing the Dragon on the reverse, it attracts no UK Capital Gains Tax (CGT) or VAT.
Save money with vaulted gold
You could save by buying of gold in ‘Good Delivery’ bars in a Swiss vault using BullionVault.
Comparing gold coins to vaulted gold using BullionVault
Coins are attractive and easy to gift, but owning gold in the vault fully insured and ready to sell instantly, 24/7, is cheaper, safer and easier.
Buying coins to keep at home
Buying vaulted gold & silver using BullionVault
All coins start out as large bar 'good delivery' bullion. The costs to manufacture and distribute them are reflected in the large 'spread' between buy & sell prices. This typically costs the coin buyer over 10% of the metal's value, roundtrip. Our coin prices are low but it will always be cheaper to buy vaulted gold.
Vaulted gold is traded in 1 gram* increments of large 'good delivery' bars — as traded on professional markets. This means you can buy and sell on BullionVault's competitive marketplace at very narrow spreads — usually within 0.2% of the spot price. You only pay a 0.5% commission to buy and sell, so roundtrip costs are usually less than 1.5%.
Postage and packing costs are added to the total you pay or hidden in the price per coin. You'll also incur shipping & insurance costs when you sell back to an online dealer, plus a delay in receiving your cash.
All gold bought and sold is already in the vault location of your choice, so there are no delivery fees to pay.
Storing coins at home puts them at greater risk of theft and is costly to add to a home insurance claim. If not declared, it could invalidate your claim. Deposit boxes have limited automatic cover and buying top-up insurance is prohibitively expensive. Keeping gold in your home country also puts it at risk of government confiscation or exchange controls.
Professional vaults are rated as so secure that costs for storage and insurance are usually well below the cost of just insurance at home. Choose from five vaults in countries with strong records of respecting property rights. You can move your property around with a few mouse clicks.
Many major events affecting financial confidence and gold prices are deferred by the banking authorities to weekends. Both buying and selling coins during these critical times is usually impossible.
Trade 24hrs a day, 7 days a week. When you sell, proceeds are available for withdrawal instantly. Money is usually back in your bank account within 48hrs after you've requested it.
VAT is charged on silver & platinum coins.
No VAT or Sales Tax on vaulted silver & platinum, saving up to 20% depending on where you live.
Gold Britannias and Sovereigns are Capital Gains Tax (CGT) exempt.
In the UK, CGT is only payable if your profits exceed £12,000 in the financial year. Most investors will never exceed the threshold where CGT becomes due.
Bullion coins are attractive and easy to gift to loved ones but not the most efficient way of owning gold.
Vaulted bullion with BullionVault is the most efficient way to buy, store and sell gold for investment.
*We recommend avoiding overall investments below $2,000 (roughly 50g) because the minimum monthly storage charge ($4 for gold and $8 for silver or platinum) may make your investment inefficient below this level. Find examples of commission and storage fees with our cost calculator.
Get 4 grams of silver in your Swiss vaulting account, completely FREE, when you open your BullionVault vaulting account now.Open your account today