2 Sovereign vs Piedfort Sovereign: Key Differences Explained
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In the world of gold coins, both the Double Sovereign (2 Sovereign) and the Piedfort Sovereign are popular choices, though they differ in several key ways.
1. Size and Weight:
- Double Sovereign: As its name suggests, the 2 Sovereign coin is exactly double the size of a standard Sovereign, weighing 15.98 grams and containing 14.63 grams of gold.
- Piedfort Sovereign: A Piedfort coin, on the other hand, is known for its double thickness rather than double size. It weighs 15.98 grams like a Double Sovereign but retains the same diameter as a regular Sovereign.
2. Design:
- Both types feature the same designs on their obverse and reverse, often showcasing iconic British figures or events, such as Queen Elizabeth II or historic depictions of St. George slaying the dragon.
- The difference lies primarily in their dimensions rather than the artistic aspects of the coins.
3. Purpose and Appeal:
- Double Sovereign coins are minted for both collectors and investors, with the added gold content making them an attractive investment option.
- Piedfort Sovereigns have more appeal to collectors due to their rarity and unique thickness. Historically, Piedfort coins were created as prestige pieces for royalty and nobility, and today they are often issued to mark special occasions.
4. Rarity and Premium:
- Piedfort coins tend to be rarer and command a higher premium due to their historical significance and limited minting.
- Double Sovereigns, while still valuable, often carry a smaller premium relative to Piedforts.
5. Investment Potential:
- Both coins are Capital Gains Tax (CGT) exempt in the UK, making them excellent choices for investors. However, the Double Sovereign may be more aligned with those prioritising gold content, while the Piedfort caters to numismatic enthusiasts seeking unique pieces with historical significance.
Both the 2 Sovereign and Piedfort Sovereign offer distinct characteristics, making them valuable additions to any gold collection. Depending on your focus—whether investment or collecting rare pieces—either coin can serve different purposes in your portfolio.
