HOW TO KNOW WHETHER A GOLD SOVEREIGN IS REAL

Counterfeiting is rampant today. Worthy stuff is more vulnerable to counterfeiting. For a layman, it's hard to distinguish between real and fake. Thus while you are out to buy Gold Sovereign, you need to take either experts help or trade with a reputable dealer to avoid such ugly situations. 

What Is A Gold Sovereign?

A gold sovereign is a 22ct gold coin circulated in the UK. The maiden gold coin produced was during the period of Henry VII and his image was put on the coin on 28th October 1489. The images of monarchs are placed to demonstrate their power and wealth.  The practice continued up to the reign of James first, king of England and Scotland in 1603.

The present sovereign bears no resemblance to the sovereign of that time. The current one was introduced in 1817 upon the battle of Waterloo when the country updated its coinage.

The coin was about half the weight and diameter of the original Sovereign. The value of the original gold sovereign was minimal, just one pound sterling. The gold coin portrays George and the Dragon on the one side and head of the monarch on the other. There are deviations in design.

You can visit https://aibullionuk.blogspot.com/2022/08/what-are-gold-sovereign-coins-should.html for more information on gold sovereigns.

How To Identify A Real Sovereign From A Fake

You might know that how valuable gold sovereigns are, and even more so if they are collectible. It should let you to understand the temptation for forgers to counterfeit as many as they can. Just check the below tricks.

·         Check the weight. Make sure no metal has the same density as 22ct gold, no matter how good a fake sovereign looks. The frauds cannot make the weight to match.

·         Check the size. The impostors often try to make the fake sovereigns heavier; they make them a fraction larger in an attempt to add weight.

·         Use acid. You can have a full range of acids from 9ct to 22ct and base metal and gold acid. If you use the 9ct gold acid on a sovereign then it will be non-destructive and have no reaction; however, if it goes on a fake then it will bubble up green.

·         Use a magnet. Gold is a kind of non-ferrous metal so does to stick to a magnet. Not all fakes will stick to a magnet but if your coin does, consider that it is 100% fake.

How Good Sovereign Investment Is?

Gold is pretty similar to stock and shares as they go up and down in value with time. Gold has been valued for over thousands of years and will retain its value for ever. Let's say, in 2000, per ounce gold price was £200, and today in 2022 it stands at about £1350.

It is true that gold price fluctuates still there are reasons why you should opt for the safe gamble. Get started.

·         Limited source of gold in ground.

·         Increasing cost involved to mine the gold out of the ground.

·         Increase in usage of gold in electronics and jewelry.

Where Can You Buy Gold Sovereigns?

You can find many places to buy gold sovereigns in the UK. Queen Elizabeth II Gold Sovereign - 2020 is a popular one in the UK. As far as fair deal and originality are concerned, you must consider certain points. We all know that gold sovereigns can be bought from the royal mint, or a bullion company.

Further, you can find gold sovereigns

·         At auctions

·         At antique Fairs

·         At leading jewelry

·         Online auctions or groups

You can get a real bargain at the above locations; however, you must go on with caution. It is recommended to buy gold sovereigns from regular dealers that you can go back to in case your sovereign turns out to be fake. If you are able to confidently recognize a real and fake gold sovereign then at the mentioned locations you can find them for much less than the scrap value.