Royal Mint
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The 1992 Gold Proof Sovereign is part of a low-mintage series from the early 1990s, now highly collectable in top grade. Struck in 22 carat gold and finished to The Royal Mint’s highest standard, this coin has been graded PF70 Ultra Cameo by NGC – a perfect strike with flawless fields and deep cameo contrast.
The obverse features Raphael Maklouf’s third portrait of Her Late Majesty Queen Elizabeth II, while the reverse bears the timeless St George and the Dragon design by Benedetto Pistrucci.
Very few examples from this year survive in PF70, making this an excellent opportunity for collectors seeking condition rarity.
Coin Highlights
• Year: 1992
• Monarch: Queen Elizabeth II
• Denomination: Full Sovereign
• Grade: NGC PF70 Ultra Cameo
• Metal: 22 Carat Gold (916.7 fineness)
• Weight: 7.98g
• Diameter: 22.05mm
• Obverse: Raphael Maklouf portrait of HM Queen Elizabeth II
• Reverse: St George and the Dragon by Benedetto Pistrucci
• Finish: Proof
• Graded: Sealed NGC holder with certification ID
• Mintage: Limited edition
Condition
Graded PF70 Ultra Cameo - flawless under magnification with strong frosted devices and mirror-polished fields.
Why Buy This Coin?
• Low-mintage 1992 proof sovereign in perfect PF70 grade
• Scarce early 90s issue with strong long-term appeal
• Certified by NGC with full Ultra Cameo contrast
• CGT-exempt for UK collectors and investors
• Ideal for collectors building a complete PF70 set
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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Want to sell or exchange?
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Delivery & Returns
Delivery Information
We offer free insured delivery on all orders. Every item is securely and discreetly packaged, then shipped via Royal Mail Special Delivery for fast, fully tracked service.
For higher-value purchases, we may arrange secure shipping through trusted couriers such as Brinks or FedEx International Priority, depending on destination.
- UK orders usually arrive the next business day after dispatch.
- International orders typically take 3–7 business days depending on location.
We aim to dispatch all orders within 1 business day of receiving cleared payment. Please note that we can only deliver to the address provided at checkout and cannot ship to PO Box addresses. Once dispatched, you’ll receive a tracking number to follow your order.
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.
Precious Metal Price Fluctuations
Please note that the prices of precious metals, such as gold and silver, are subject to fluctuations due to market conditions. As a result, the price of our bullion products can change frequently.
When you place an order, the price is locked in at the time of purchase, ensuring you pay the agreed amount regardless of any subsequent market movements.
We recommend acting quickly if you see a price that suits your investment strategy, as prices can vary significantly in a short period.
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.