Royal Mint
1990 Gold Proof Double Sovereign - PF69 Ultra Cameo
1990 Gold Proof Double Sovereign - PF69 Ultra Cameo
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The 1990 Gold Proof Double Sovereign is a rare £2 gold proof issue from The Royal Mint, struck in 22 carat gold to the highest proof standard. Sometimes referred to as the two-sovereign coin, it carries Raphael Maklouf’s third portrait of Queen Elizabeth II on the obverse, paired with Benedetto Pistrucci’s timeless St George and the Dragon reverse.
This example has been certified by NGC as PF69 Ultra Cameo, just one point from the top grade, confirming its near-perfect condition and strong cameo contrast. Proof double sovereigns of this era are limited in number and highly collectible, particularly when preserved in such outstanding quality.
Coin Highlights
• Year: 1990
• Monarch: Queen Elizabeth II
• Denomination: Double Sovereign / Two Sovereign / £2 Gold Coin
• Grade: PF69 Ultra Cameo (NGC)
• Metal: 22 Carat Gold (916.7 fineness)
• Weight: 15.98g
• Diameter: 28.40mm
• Obverse: Raphael Maklouf portrait of HM Queen Elizabeth II
• Reverse: St George and the Dragon by Benedetto Pistrucci
• Finish: Proof
• Presentation: NGC holder with certification number
• Limited mintage
Condition
Graded PF69 Ultra Cameo – near perfect quality, with exceptional eye appeal and no visible imperfections to the naked eye.
Why Buy This Coin?
• Classic £2 Gold Proof Double Sovereign design
• Scarce 1990s issue in outstanding grade
• Certified by NGC with PF69 UC designation
• CGT exempt for UK investors
• Strong long-term collectability
Explore more: View our full range of graded sovereigns and gold coins.
About the portrait
Queen Elizabeth II – Raphael Maklouf portrait (1985–1997)
Overview
Raphael Maklouf’s third portrait presents a more regal, crowned effigy with pronounced drapery and the Girls of Great Britain and Ireland tiara.
Years of use
• UK coinage including sovereigns. 1985 to 1997.
Designer initials
• RDM on the truncation (Raphael David Maklouf).
Relevance to sovereign collectors
• Used on all sovereign denominations through the late 1980s and 1990s, including popular large-format 5 sovereign proofs.
• 1997 is the final year of the Maklouf effigy before the change to Rank-Broadley in 1998.
Notable notes
• The 1994 £2 Bank of England mule pairs a £2 reverse with a sovereign obverse of the Maklouf portrait, creating a famous modern mule variety.
• Proofs typically exhibit strong cameo contrast; top grades are keenly collected.
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