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Proof or Uncirculated, what's the difference |
We Explain the Difference
We are always being asked the difference between proof and uncirculated or bullion sovereigns, and similarly for other coins also. One very brief explanation is that proofs are shinier, but of course this oversimplifies the matter slightly.
Uncirculated
Modern coins, including gold sovereigns are manufactured using high-speed machinery. The round blanks are handled in large quantities, fed into presses that strike them so forming the familiar pattern on both sides and the 'milling' in the edge. After striking the coins are ejected from the machine into a metal bin, just like any other product.
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 British Gold Sovereigns - Information
1489 or 1817?
The first British gold sovereign was issued in 1489 for Henry VII, the modern gold sovereign was first issued in 1817 in the reign of George III.
A Real Coin
The sovereign was a real circulating coin until the outbreak of the First World War in 1914. At about this time, most countries in the world reduced or stopped production of gold coins for circulation, and switched to a "token" coinage, meaning that the intrinsic value of the coin was low.
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 Everything you need to know about investing in gold
We try to keep our investment advice very simple.
We cannot predict with any certainty what gold or any other commodity or currency will do over short, medium or long periods of time. Because of this we tend to avoid giving any definite advice or strong opinion. There are some areas where we have considerable experience, and feel we can safely give advice. Some of it may appear obvious, but it is surprising how often we find ourselves repeating it.
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