Tax Free Gold Index Page

Main Page
Collectors Coins
British Gold Sets Information
British Gold Sets For Sale
Five Pounds Information
£5 For Sale
Two Pounds Information
£2 For Sale
Britannia Proof Sets
Mixed Gold Sets
Sovereign Information
Krugerrand Information
Krugerrands For Sale
Half Sovereigns
Half Sovereign Information
Half Sovereigns For Sale
Gold Bars
Bars Information
Bars For Sale
We Buy Gold Coins
About Us
About Us
Our Selling Terms
Order Form UK
Order Form USA

British Gold Coin Proof Sets

1997 Gold Sovereign Proof Set

When the Royal Mint started regularly to produce gold coins sets in 1980, they set an issue limit of 10,000 sets, and managed to sell every set. Since then the annual mintage figures have generally declined. 1997 saw the lowest mintage figure of all the recent sets, with only 860 sets issued. Millennium year 2000 for example saw the issue limit of 1,250 sets sell out quite quickly. Because less were issued during 1997, we believe it will continue to be one of the most difficult sets to acquire well into the future. The 1997 gold proof set features the third portrait of the Queen, as used from 1985 to 1997 inclusive on most British coins. The issue quantity was less than a sixth of the 1985 issue. The issue limit placed on the 1997 set was 1,250 and only 860 were issued. There were 5,849 of the 1985 sets issued.

Type Collecting

This year, 1997, saw the introduction of a new bi-metallic £2 coin for circulation. Appropriately the new coin is included in the 4 coin gold proof set. The circulation version of the new coin has a gold coloured nickel brass outer disc, with a silvery coloured cupro-nickel inner. The gold version retains the bi-metallic theme by having a centre of yellow gold within an outer disc of red gold.

The Four Coins

The four gold coins we refer to are, of course, the gold sovereign and half sovereign, along with the two pound coin, often called a double sovereign, and a five pound gold coin.

New Presentation

In 1990, the four coin gold proof set packaging was re-designed, and changed to a red leather box, and for the first time, a gold-plated medallion was including, with a crowned "Elizabeth R" above the date. The medallion included in the 1997 sets has an ox on the reverse to mark the Chinese lunar year of the ox.

Coloured Gold Alloys

For those who are interested in technical information, and wonder about the difference between the two different gold alloys used, we will give a brief explanation.
As you will know, pure gold is yellow. When it is alloyed with other metals, the colour of the resulting alloy will be different, and sometimes quite unpredictable from the layman's viewpoint. All the coins in this set are made of 22 carat gold, this means 22 parts out of 24 parts by weight. Expressed in parts per thousand, 22 carat is 916.6 parts per 1,000. The other 2 parts per 24 can be any other metal, but are usually copper, silver, or a mixture of the two. If all the balance is copper, the final alloy will have a very red colour, if all silver, then the resulting colour would be very yellow, almost green. By balancing the proportions finely, a range of colours can be produced between the two extremes.


Five Pounds36.0239.941.1771St George & Dragon
Two Pounds28.4015.980.4708Bi-Metallic
Sovereign (Pound)22.057.990.2354St George & Dragon
Half Sovereign (Fifty Pence)19.303.990.1177St George & Dragon
Total 67.902.0011 
Gold Plated Medallion25 x 22  1997 - Ox

Notes on Table

Weight = gross weight in grams.
*AGW = Actual intrinsic gold weight in troy ounces.

Prices & Availability

Quantity Rate Buy
Call to check availability

More Information

More information about British gold sets is available on our British Gold Sets Information page.

1997 Three Coin Sovereign Set

You may wish to use our order form.

Postage & Packing

UK Registered Post (Special Delivery) £9 per order, plus £1 per £1,000
EU Insured Post £10 per order, plus £1 per £1,000
USA Airmail $10,
Insured Shipping $20, plus $1 per $1,000
Canada Airmail $15,
Insured Shipping via Fedex $60, plus $1 per $1,000
Third Portrait as Used from 1985 to 1997

Obverse of 1997 Gold Proof Two Pound Coin

British Gold Sets Information

British 4 Coin Gold Sets For Sale

Reverse of 1997 Gold Two Pound Coin

Reverse of New Bi-Metallic Gold Proof Two Pound Coin

1997 Gold Proof Set in Box

1997 Gold Proof Set in Presentation Box


"Tax Free Gold" website is owned and operated by Chard (1964) Limited
32 - 36 Harrowside, Blackpool, Lancashire, FY4 1RJ, England. Telephone (44) - (0) 1253 - 343081; Fax 408058;
E-mail: Contact Us  The URL for our main page is:

EV SSL Certificate