1962 Gold Sovereign Bullion Coin | Queen Elizabeth II | CGT Free

1962 Gold Sovereign – Queen Elizabeth II | Mary Gillick Portrait | CGT Free

The 1962 Gold Sovereign is a classic British bullion coin struck by The Royal Mint during the early reign of Queen Elizabeth II. Containing 7.32 grams of pure 22-carat gold, it is VAT-free and CGT-exempt for UK residents — making it one of the most tax-efficient ways to own physical gold. The obverse features Mary Gillick's acclaimed portrait of the young Queen, one of the most admired coin designs of the 20th century.

Coin Specifications

• Coin: Gold Sovereign
• Year: 1962
• Monarch: Queen Elizabeth II
• Mint: The Royal Mint
• Obverse: Mary Gillick Portrait of Queen Elizabeth II
• Reverse: St George and the Dragon by Benedetto Pistrucci
• Metal: 22 Carat Gold (.9167 Fine)
• Gross Weight: 7.98g
• Fine Gold Content: 7.32g (0.2354 troy oz)
• Diameter: 22.05mm
• Face Value: £1 (Legal Tender)
• Condition: Bullion / Pre-Owned
• CGT Status: CGT-Free for UK Residents — see our CGT-free guide
• VAT Status: VAT Free Investment Gold

• ✔ Every coin guaranteed genuine — professional XRF testing
• ✔ Trusted Hatton Garden precious metals dealer established 1982
• ✔ Fully insured delivery — see Shipping Policy
• ✔ Verified customer reviews
• ✔ Buy Back Guarantee
• ✔ Check live gold prices on our Today's Prices page

Why Invest in a 1962 Gold Sovereign?

• CGT-free for UK investors — read our guide
• VAT-free investment gold
• 7.32g of pure gold in every coin
• Mary Gillick portrait — historically significant and sought-after design
• Over 200 years of Sovereign heritage — worldwide recognition and liquidity
• Strong dual demand from investors and collectors
• Buy Back Guarantee — sell back to 888 Bullion at competitive market rates

Frequently Asked Questions

Is the 1962 Gold Sovereign CGT exempt?

Yes. The 1962 Gold Sovereign is UK legal tender and therefore Capital Gains Tax (CGT) exempt for UK residents under current HMRC rules. See our CGT-free coins guide for full details.

How much gold is in a 1962 Gold Sovereign?

The 1962 Gold Sovereign contains 7.32 grams of fine gold (0.2354 troy oz), with a total weight of 7.98g. It is struck in 22-carat gold (916.7 fineness).

What portrait is on the 1962 Gold Sovereign?

The obverse of the 1962 Sovereign features the Mary Gillick portrait of Queen Elizabeth II — the first definitive coinage portrait of the Queen, used on British coins from 1953 to 1967 and widely regarded as one of the finest coin portraits of the 20th century.

What condition is this coin in?

This coin is sold in bullion condition (pre-owned). It may show light signs of circulation or surface marks consistent with its age. The gold content and authenticity are fully guaranteed, and every coin is authenticated using professional XRF testing.

Does 888 Bullion offer a buy-back on this coin?

Yes. 888 Bullion offers a Buy Back Guarantee on all coins purchased from us. We will buy back your coin at competitive market rates. Get an instant quote here.

How is the coin delivered?

All orders are dispatched with secure, fully insured UK delivery. Coins are carefully packaged to ensure safe arrival.

Also Consider

• All Gold Sovereigns
• Best Value Mixed Year Gold Sovereign
• 1927 King George V Gold Sovereign
• 1910 King Edward VII Gold Sovereign
• 2025 1oz Gold Britannia

Related Guides

• Britannia vs Sovereign: Which Is Best?
• CGT-Free Gold Coins in the UK
• Best Gold Coins for UK Investors
• How to Invest in Gold for Beginners
• New vs Pre-Owned Bullion
• Understanding Gold Purity
• How to Verify a Gold Coin Is Genuine