A note on dates. This piece was published in February 2025 and its market figures describe that moment, not today. The spot gold price was £3,142.15 per troy ounce on , and it can fall as well as rise.
Bullion Club was featured in a GB News Money article by money expert Jasmine Birtles on the tax benefits of gold coins, and why they had become a popular way for UK investors to hold gold.
The piece was written in February 2025, when gold had just set record highs above $2,800 an ounce. It focused on the tax treatment that sets UK legal tender coins apart from other ways of owning gold.
The tax point, in brief
- Capital Gains Tax. Gold sovereigns are UK legal tender, so gains on them are exempt from Capital Gains Tax for UK residents.
- VAT. Investment gold, which includes sovereigns, is exempt from VAT.
Collectible sovereigns
The article also looked at collectible sovereigns, where a scarce date or a high grade can carry a premium above the value of the gold itself. Our founder, Harry Thorne, described owning one as “a chance to own a piece of history.” Premiums on collectible coins can fall as well as rise, and our guide to graded coins explains what drives them.
Read the full article at GB News
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