
To commemorate the 500th anniversary of the gold sovereign, a completely new design was created for the 1989 sovereign series. A design similar to that of the first gold sovereign issued in 1489 was chosen. Only 2,000 individually boxed gold proof two pounds pieces were issued by the Royal Mint in 1989.
For the obverse impression, a representation Of Ourself as at Our Coronation, seated in King Edward's Chair, having received the Sceptre with the Cross and the Rod with the Dove, all within the circumscription 'ELIZABETH.II.DEI.GRA.REG.FID.DEF' can be seen.

The reverse depicts a Shield of Our Royal Arms ensigned by an open Royal Crown, the whole superimposed upon a double Rose (Known as the 'Tudor Rose'), and with the circumscription 'ANNIVERSARY OF THE GOLD SOVEREIGN 1489 - 1989'.
Both the obverse and reverse designs were created by Bernard Sindall.
The two pounds piece is made of solid 22 carat gold (Gold Fineness of 0.916), and weighs 15.98 grams. It has a diameter of 28.40mm.

The coin was originally housed in a Royal Mint acrylic screw top capsule, presented in its Royal Mint green leatherette case, accompanied with an individually numbered certificate of authenticity (COA).