This one-year-type Gold coin was produced by the British Royal Mint to commemorate the 500th anniversary of the issuance of the first Sovereign coinage in 1489.
Special Anniversary Issue!
This Proof Gold coin was first authorized by King Henry VII and, since it carried his likeness on the obverse, it came to be known as the Sovereign.
With the normal Gold content of 1.775 Troy ounces, this £5 (equal to 5 Sovereigns) coin has a modern adaptation of the original design. The obverse shows Her Majesty Queen Elizabeth II seated as at her coronation, surrounded by the inscription “Elizabeth II Dei Gra Reg Fid Def” which translates to “Elizabeth II, by the grace of God, Queen, defender of the faith.” The reverse is a Shield of the Royal Arms topped by a Royal Crown, with the whole image superimposed upon a double rose. Around the outside of the reverse is the inscription “Anniversary of the Gold Sovereign, 1489-1989.” This Brilliant Uncirculated gold coin has a limited mintage of just 10,000 , so get this one while you can! Listed in Krause as KM#958.