Queen Elizabeth II · 1957–2022

1962 Gold Sovereign

Standard year of the Mary Gillick portrait. Easy entry-level vintage Sovereign.

Melt value (live spot) £—
Typical auction value (+5%) £—

Melt value is the live gold spot price × 7.32g of fine gold. The auction value reflects the typical numismatic premium for this date in good condition. Exceptional specimens (proof, slabbed, perfect condition) can sell for materially more.

1962 specifications

Year
1962
Series
Elizabeth II
Monarch
Queen Elizabeth II
Mintage
3,000,000
Metal
22-carat gold (916.7)
Fine weight
7.32g · 0.2354 oz t
Gross weight
7.988g
Diameter
22.05 mm
Face value
£1
Numismatic premium
~5% over melt

About the Elizabeth II series

Sovereign production resumed in 1957. Various portraits across her reign (Mary Gillick, Arnold Machin, Raphael Maklouf, Ian Rank-Broadley, Jody Clark). The standard modern-era Sovereign series.

How the value is calculated

Every Sovereign contains exactly 7.32g of fine gold. The melt value above is that fine content × the live per-gram gold spot price in GBP on the dashboard. The auction value adds the numismatic premium typical for this year — that premium reflects collector interest, scarcity and condition expectations.

Where to buy or sell

Vintage Sovereigns trade through specialist UK coin dealers (Spink, Baldwin's, Sovereign Rarities) and major bullion dealers (BullionByPost, Atkinsons, Chards). Auction houses (Spink, Heritage) handle the rarest pieces. Always compare quotes — premiums on key-date Sovereigns vary widely between dealers and auction venues.

CGT and tax

All UK Sovereigns are legal tender and therefore CGT-free for UK residents, regardless of year. Read the CGT-free coins guide →

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