Why You Should Buy Gold Coins in UK

If you are buying gold frequently, you know its best possible ways. Gold coins have been a popular medium of gold purchase. Gold coins provide you precious metal content with rarity and historic and aesthetic appeal. The investment in buying gold coins offers insurance against any future financial crisis. It diversifies our investment portfolio. 

Going with these benefits, if you are quite excited to buy gold coins in the UK, you must have the very details like its historical data, some essential information, and also the trustworthy dealer who can give you this metal. 

History of the British gold sovereigns 

The first gold sovereigns of the UK were minted over 500 years ago. The mintage was during the reign of Tudor King Henry VII in 1489. The coin was named during its maiden mintage that depicts the monarch held majestically on the throne facing outward. From 1509, sovereigns were struck for the ruler Henry VIII who wanted to raise revenue as he was defamous in overspending which resulted in flowing out of silver and gold to Europe. 

The present design that carries St. George slaying a dragon on the reverse of the sovereign and the monarch himself on the front was introduced in 1816 under the period of George III. The minting of the sovereign was continued up to 1932 when the European country went off the gold standard. 

Factors to consider when buying gold sovereign 

·         Purity 

·         Insurance 

·         Tax 

·         Future outcome 

·         Provenance

The best place to buy gold sovereign in UK 

People often hesitate to buy gold sovereigns due to the rise of fraud-like issues. So, all are looking for a trustworthy place to buy gold sovereigns. No doubt you can find a series of marketplaces to avail the product. But before choosing one you need to check out its official website and reviews. The price does not matter if the sovereign is of the best edition. 

You can have the complete information on how to buy gold coins here.

Identifying a reputed gold sovereign dealer 

Lots of investors are daunted at the prospect of getting a reputed gold dealer. If you use your basic knowledge, you can easily end up at a popular seller. You need to just check the country's verified gold dealers list. You can select a very few of them and start a communication. 

Online dealers can show you with an extensive catalogue of products than their traditional peers who have very limited options. You can also track its reputation online before making any purchase. The reviews are the true face of the dealers. 

Other ways to buy gold 

Besides sovereigns, purchasing gold in physical form seems difficult in terms of ensuring its authenticity, safe storing and selling. Direct investment is beneficial when gold prices rise. Some popular ways of gold purchase include: 

·         Buying gold and commodity funds 

·         Buying shares in gold mining companies 

Conclusion 

As per a report, just 1% of all the gold sovereigns that are minted so far are still in collectible condition. Due to its rarity, its value increases more than the actual price of gold. The gold sovereigns of the UK provide a real and long term tangible value. That's why they create two ways to build wealth. In just a single investment you can have a bullion and numismatics. They hold the intrinsic security of bullion or precious metal in a pure form and can also provide the more profit potential owing to their aesthetic and historical appeal. 

Even if a small amount of gold sovereigns in the UK can be an essential component of a diversified gold portfolio. So why are you thinking so much? Get set ready to start your gold sovereign buy!