Soveregn or Sovereign: How To spell?

The word Soveregn is misspelled against Sovereign, a noun meaning "A gold coin of Great Britain, on which an effigy of the head of the reigning king or queen is stamped, valued at one pound sterling, or about $4.86."

Word contains consecutive vowels 'EI' in between alphabets sover & gn is misspelled as 'E' as letter 'I' is phonetically ignore
Wrong Spelling:  sover-e-gn 
Correct Spelling:  sover-ei-gn 
Find more incorrect spellings of Sovereign to spell right way.