Cryptic crossword clue
Merchant has traditional sovereign

The most common and most likely answer to this crossword clue is the 6 letter word TRADER

I've seen this crossword clue in The Guardian
T
R
A
D
E
R


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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does TRADER mean?

TRADER noun
  1. One who earns a living by trading goods or securities.

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