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Royal Mint

CGT Free

1992 Gold Proof Double Sovereign PF69 Ultra Cameo

1992 Gold Proof Double Sovereign PF69 Ultra Cameo

Regular price £1,960
Regular price Sale price £1,960
Sale Sold out
Taxes included.
Royal Mail Special Delivery included on all orders.

The 1992 Gold Proof Double Sovereign PF69 Ultra Cameo is an outstanding example of modern British proof coinage, offering exceptional eye appeal and near-perfect condition in a larger, highly desirable sovereign format.

Struck in 22 carat gold by The Royal Mint, the double sovereign weighs 15.97 grams, containing 14.64 grams of fine gold. The larger flan allows the classic sovereign designs to display greater depth and clarity, making proof double sovereigns especially popular with collectors.

This coin has been graded PF69 Ultra Cameo by NGC, confirming a virtually flawless proof coin with strong frosted devices and deep mirrored fields. PF69 Ultra Cameo examples are visually indistinguishable from PF70 to most collectors and represent an excellent balance between condition, rarity and value.

The reverse features Benedetto Pistrucci’s iconic St George and the Dragon design, while the obverse bears the Raphael Maklouf portrait of Queen Elizabeth II, a portrait closely associated with the modern proof sovereign era.


KEY DETAILS

• Year. 1992
• Denomination. Double / 2 Sovereign
• Metal. 22 carat gold
• Weight. 15.97 grams (14.64g fine gold)
• Diameter. 28.40mm
• Finish. Proof
• Grade. PF69 Ultra Cameo
• Grading Authority. NGC
• Obverse. Queen Elizabeth II – Maklouf portrait
• Reverse. St George and the Dragon – Pistrucci
• Legal Tender. United Kingdom
• Capital Gains Tax. Exempt


WHY COLLECT THE 1992 DOUBLE SOVEREIGN IN PF69?

PF69 Ultra Cameo proof sovereigns are prized for their exceptional visual quality, often offering the same appearance as PF70 examples while remaining more accessible. For collectors who prioritise eye appeal and historical significance over absolute top population, PF69 represents a smart and popular choice.

Double sovereigns from the early 1990s are particularly well regarded, combining traditional design with consistent proof striking standards. As a result, high-grade examples such as this continue to see strong collector demand.


INVESTMENT & COLLECTOR APPEAL

• Larger format proof sovereign
• Exceptional PF69 Ultra Cameo eye appeal
• Struck in solid 22ct gold
• Fully CGT exempt for UK residents
• Strong demand for Maklouf-era proof sovereigns
• Ideal alternative to PF70 for value-focused collectors

Condition: Graded PF69 Ultra Cameo by NGC – A fully struck coin with nearly imperceptible imperfections.
Presentation: Slabbed and authenticated in a secure NGC holder
Explore more: Browse our full range of graded gold sovereigns

1992 G.BRITAIN 2SOV

Frequently Asked Questions

What does PF69 Ultra Cameo mean?
PF69 Ultra Cameo indicates a virtually flawless proof coin with strong contrast between frosted devices and mirrored fields, just one point below the absolute top grade.

How does PF69 compare to PF70?
PF69 coins typically display the same eye appeal as PF70 examples, with only microscopic differences visible under magnification. Many collectors choose PF69 for its balance of quality and value.

Is the 1992 Double Sovereign Capital Gains Tax exempt?
Yes. As a UK legal tender gold sovereign, it is exempt from Capital Gains Tax for UK residents.

Who graded this coin?
The coin has been graded by NGC, an independent third-party grading authority.

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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Want to sell or exchange?

Looking to upgrade or trade your precious metals for something new? We’re happy to accept gold and silver in part exchange for any item we have in stock. Simply get in touch with us to let us know what you’d like to trade, and we’ll provide you with a cost-to-change quote.

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Delivery & Returns

Delivery Information

We offer free insured delivery across the UK on all orders. Every coin is carefully inspected, securely packaged, and sent using Royal Mail Special Delivery - a fully tracked, next-day service that requires a signature on receipt.

All parcels are shipped discreetly and fully insured for peace of mind.

We currently do not ship internationally. Orders can only be delivered to the UK address provided at checkout, and we’re unable to send to PO Box addresses.

We aim to dispatch all orders within one business day of receiving cleared payment. Once your order has been dispatched, you’ll receive tracking details so you can monitor its progress.

Returns Policy

Because bullion prices are directly linked to the live precious metals markets, bullion sales are final. This is standard across the industry and protects both buyer and seller from fluctuations.

For non-bullion items (such as proof coins, graded coins or accessories), we’re happy to accept returns within 14 days of receipt if you feel your coin is not as described and provided the item is returned in its original condition, please contact us and we’ll be glad to help.

If an item is returned for reasons other than being not as described, return postage will be the responsibility of the buyer.

Important Notes

  • All returns must be pre-authorised by our customer service team.
  • Please use a tracked and insured service when sending items back to us, as we cannot accept liability for goods lost or damaged in transit.
  • For full details, please see our Terms & Conditions or contact us directly with any questions.

Payment & Verification Information

At Sovara Coins, your security is our priority. To protect both our customers and ourselves from fraud, we currently accept debit card and bank transfer payments only.

  • Debit card payments are processed securely through our trusted payment provider, giving you instant confirmation at checkout.
  • Bank transfer payments are also welcome, and full instructions will be provided during the checkout process.

Please note that we do not accept credit cards. This policy helps us keep prices competitive and ensures all transactions remain low-risk and fully traceable.

For your protection:

  • Billing and shipping addresses must match.
  • On higher-value orders, we may request ID verification before dispatch. This is a quick process and helps keep your purchase safe.

Every payment method we accept is fully secure, encrypted and protected. Once payment is confirmed, your order will be prepared for dispatch within one business day.

Have a Question Before Ordering?

If you have any questions about our products or need assistance before placing your order, we're here to help. Whether you're looking for more details on a specific item or need advice on your purchase, feel free to contact our friendly customer service team. We'll be happy to provide the information you need to make an informed decision.

Buying New or Preowned Gold and Silver

At Sovara Coins, we offer both new and preowned gold and silver products to suit various investment strategies. Purchasing preowned bullion can be a cost-effective option, as it often comes with a lower premium over the spot price, allowing you to maximize your investment.

While preowned items may show minor signs of wear, such as scratches, milk spots or tarnishing, they are sold strictly as bullion, with their precious metal content fully guaranteed. Whether you choose new or preowned, you can be confident in the quality and authenticity of our products.

Looking to Sell Your Gold?


Looking to sell a sovereign, a sovereign set or gold proof collection?

We buy complete sets at fair market prices.