The 1902 King Edward VII Gold Matt Proof Five Pound Coin is in some ways unique because of it’s finish. Instead of the normal highly polished proof finish this coin has a matt proof finish.
Edward VII reined 1901-10 and for his Coronation in 1902 the Royal Mint issued an 11-coin (the short set) and a 13-coin set (the long set). The 11-coin set was the current silver circulation coins plus Maundy, sovereign and half-sovereign. The 13-coin set added the £2 and £5. All the gold coins where struck with a matt proof finish which was an experimental finish at the time.
Matt (often spelled Matte in the USA) is a textured finish, a sort of etched/sandblasted low-reflective surface. It was also popular on American gold proof coins in the early 20th century. It lost popularity soon afterwards.
The 1902 Gold Matt Proof £5 Coin weighs 39.94g (equivalent to 5 sovereigns). 22 carat (91.67%) gold. The obverse shows the head of King Edward VII and the usual Latin inscription. Below the head are the initials of the designer ‘De S’, G. W. De Saulles. The reverse is Benedetto Pistrucci’s George and the Dragon.
1902 was the only year when King Edward VII issued £5, £2 and Crowns.
On eBay UK:
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 | 2005 Gold Sovereign Coin Elizabeth II Fourth Head, In Capsule £ 669.68 |
 | 1988 Gold Full Sovereign, Elizabeth II £ 1,026.68 |
 | 1981 Gold Full Sovereign, Uncased Proof, Elizabeth II £ 1,026.68 |
 | 1967 ELIZABETH II GOLD FULL SOVEREIGN BOXED COA £ 669.68 |
 | 1989 Gold Five Pounds Quintuple Sovereign, 500th Anniversary, Elizabeth II £ 5,086.68 |
 | 1998 Gold Full Sovereign, Uncased Proof, Elizabeth II £ 1,026.68 |
 | 1906 Gold Full Sovereign, Edward VII £ 1,026.68 |
 | 1906 Edward VII Gold Half Sovereign, Sydney Mint £ 370.00 |
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 | 2025 GOLD SOVEREIGN GEORGE AND THE DRAGON UNITED KINGDOM 7.98g £ 975.68 |
 | 1909 Gold Half Sovereign Edward VII £ 343.28 |
 | 2019 Royal Mint Gold Proof Quarter Sovereign - Box & COA £ 220.00 |
 | 1824 George IV Milled Gold Full Sovereign, Scarce £ 1,950.00 |
On eBay USA:
| 1982 Gold Half Sovereign Coin - Queen Elizabeth - 22ct Gold £ 333.00 |
| 1853 VICTORIA SHIELD GOLD FULL SOVEREIGN HIGH GRADE £ 715.58 |
| Near-uncirculated London mint shieldback Queen Victoria gold sovereign 1847 £ 975.68 |
| 2005 Gold Sovereign Coin Elizabeth II Fourth Head, In Capsule £ 669.68 |
| 1988 Gold Full Sovereign, Elizabeth II £ 1,026.68 |
| 1981 Gold Full Sovereign, Uncased Proof, Elizabeth II £ 1,026.68 |
| Queen Elizabeth II Memorial Half-Sovereign 2022 Gold Proof Coin £ 353.48 |
| One Eighth Sovereign Ann Princess Royal 75th Birthday Solid 22ct Gold 1/8 Coin £ 124.99 |