gold_sovereign

Gold Sovereign

The Gold Sovereign is one of the most iconic and historically significant gold coins in the world, produced by the Royal Mint of the United Kingdom. First issued in 1817, the Gold Sovereign has a long tradition and is widely recognized for its design, quality, and reliability. It is often referred to as “The Chief Coin of the World” due to its global acceptance and long-standing use in trade and investment. The coin is composed of 22-karat gold (91.67% pure gold) and is sought after by both investors and collectors for its historical importance and intrinsic value.

- Obverse (Front):

  1. The obverse of the Gold Sovereign features a portrait of the reigning British monarch. The current version depicts Queen Elizabeth II, designed by Jody Clark, which has been in use since 2015. Earlier versions of the coin featured previous portraits of Queen Elizabeth II, as well as other monarchs such as Queen Victoria and King George V.
  2. The design includes the monarch's title, such as “ELIZABETH II D.G. REG. F.D.” (Elizabeth II, by the Grace of God, Queen, Defender of the Faith).

- Reverse (Back):

  1. The reverse features the famous image of St. George slaying the dragon, designed by the Italian engraver Benedetto Pistrucci. This design has become one of the most iconic in the world of numismatics and has been used on the Gold Sovereign since its introduction in 1817.
  2. In some years or for special editions, different reverse designs may be used, such as the royal coat of arms.
  1. Purity: The Gold Sovereign is made of 22-karat gold (91.67% pure), with the remaining 8.33% typically composed of copper, giving the coin its characteristic reddish hue.
  2. Weight: The Gold Sovereign weighs 7.98 grams, with approximately 7.32 grams of pure gold.
  3. Diameter: 22.05 mm
  4. Thickness: 1.52 mm
  5. Face Value: The face value of a Gold Sovereign is £1, but its real value is based on its gold content and market price, which is much higher than the nominal face value.
  1. Full Sovereign: The standard Gold Sovereign coin, weighing 7.98 grams.
  2. Half Sovereign: A smaller version of the Gold Sovereign, weighing 3.99 grams, with the same design and purity but a face value of £0.50.
  3. Quarter Sovereign: An even smaller version of the coin, often issued in special editions, with a face value of £0.25.
  4. Double Sovereign: A larger version weighing 15.98 grams, with a face value of £2.
  5. Quintuple Sovereign: Also known as a Five Sovereign Piece, weighing 39.94 grams, with a face value of £5.
  1. Origins: The first Gold Sovereign was minted in 1489 under King Henry VII. However, the modern Gold Sovereign was reintroduced in 1817 as part of the great recoinage under King George III. It became one of the most important gold coins in the world, used widely in international trade during the 19th and early 20th centuries.
  2. Global Circulation: During the height of the British Empire, Gold Sovereigns were minted at branch mints around the world, including in Australia, Canada, South Africa, and India, making it a truly global coin.
  3. World War I Impact: During World War I, the production of Gold Sovereigns for circulation was halted, and the coin became primarily a collector’s and bullion item.
  1. Investment Appeal: The Gold Sovereign is highly prized by investors due to its historic value, global recognition, and 22-karat composition, making it durable for handling and storage. It is also Capital Gains Tax (CGT) exempt for UK residents, as it is considered legal tender, making it an attractive investment option.
  2. Collector’s Appeal: Special editions, rare dates, and mintmarks (indicating where the coin was minted) make certain Gold Sovereigns highly collectible. Older sovereigns, especially those from branch mints like Sydney (with an “S” mintmark) or Melbourne (with an “M” mintmark), are particularly sought after by collectors.
  3. Special Editions: The Royal Mint often issues special edition Gold Sovereigns to commemorate important events, such as royal weddings, anniversaries, or the monarch’s jubilee. These coins may feature different reverse designs or special packaging.
  1. Reputation and Trust: The Royal Mint’s Gold Sovereign is one of the most trusted and recognized gold coins in the world. Its long history, strict quality standards, and association with the Royal Mint ensure that it is a reliable investment for buyers.

The Gold Sovereign is a prestigious and historically significant gold coin that has been a cornerstone of British and global coinage for over two centuries. With its beautiful design, long history, and investment appeal, it remains a favorite among both collectors and investors. Whether you’re looking for a reliable store of value, a piece of history, or a beautifully crafted gold coin, the Gold Sovereign offers all of these qualities in a timeless package.

Throughout history, Gold Sovereigns have been minted at several mints across the world, particularly during the height of the British Empire. These mints used distinctive mint marks to identify where each coin was struck. Gold Sovereigns were primarily minted in the United Kingdom but also in various branch mints around the globe. Below is a list of the different mints that have issued Gold Sovereigns and their corresponding mint marks.

  1. Mint Mark: None (No mint mark indicates the coin was struck at the Royal Mint in London).
  2. Location: London, England (and later Llantrisant, Wales).
  3. Details: London was the primary mint for Gold Sovereigns, and most Sovereigns without a mint mark were produced at the Royal Mint. The majority of historical and modern Gold Sovereigns are minted here.
  1. Mint Mark: S
  2. Location: Sydney, Australia.
  3. Details: The Sydney Mint began producing Gold Sovereigns in 1855, making it the first branch of the Royal Mint outside the UK. Sovereigns struck at the Sydney Mint feature the mint mark S. Sydney minted sovereigns until 1926.
  1. Mint Mark: M
  2. Location: Melbourne, Australia.
  3. Details: The Melbourne Mint began producing Gold Sovereigns in 1872 and was a major producer of the coins during the late 19th and early 20th centuries. Sovereigns from Melbourne bear the mint mark M. Production continued until 1931.
  1. Mint Mark: P
  2. Location: Perth, Australia.
  3. Details: The Perth Mint began producing Gold Sovereigns in 1899. Sovereigns minted in Perth bear the mint mark P. The Perth Mint continued striking Sovereigns until 1931 and remains a key player in modern bullion production today (although not Sovereigns).
  1. Mint Mark: C
  2. Location: Ottawa, Canada.
  3. Details: The Ottawa Mint (now the Royal Canadian Mint) produced Gold Sovereigns between 1908 and 1919. These coins carry the mint mark C, and they are relatively rare compared to Australian-minted Sovereigns.
  1. Mint Mark: I
  2. Location: Bombay (now Mumbai), India.
  3. Details: The Bombay Mint produced Gold Sovereigns for a short period in 1918. The coins from this mint carry the mint mark I. These are among the rarer Gold Sovereigns and are highly sought after by collectors due to their limited mintage.
  1. Mint Mark: SA
  2. Location: Pretoria, South Africa.
  3. Details: The Pretoria Mint began producing Gold Sovereigns in 1923, following the establishment of the Union of South Africa. Sovereigns from Pretoria carry the mint mark SA. This mint was the last to strike Gold Sovereigns for circulation in 1932.
  1. Mint Mark: None
  2. Location: Calcutta, India.
  3. Details: While not as well-known as the Bombay Mint, the Calcutta Mint produced Gold Sovereigns during the early 20th century. These Sovereigns do not carry a mint mark.
Mint Location Mint Mark Years of Production
—————————————————————————-
Royal Mint (London) None 1817–present (occasional breaks)
Sydney Mint S 1855–1926
Melbourne Mint M 1872–1931
Perth Mint P 1899–1931
Ottawa Mint C 1908–1919
Bombay Mint I 1918
Pretoria Mint SA 1923–1932
Calcutta Mint None Early 20th century (small production)

Gold Sovereigns have been struck at several mints around the world, each marked with a distinct mint mark to indicate its origin. The Sydney, Melbourne, Perth, Ottawa, Bombay, and Pretoria mints all played significant roles in producing Sovereigns during the era of the British Empire. These mint marks add an extra layer of collectibility to Gold Sovereigns, as some mint marks are rarer and more desirable than others, particularly coins from the Bombay Mint (I) and Ottawa Mint (C).

Throughout history, Gold Sovereigns have been issued by several mints across the world, particularly during the British Empire’s expansion. These mints used unique mint marks to identify where each coin was struck. The mint mark can greatly affect a coin’s rarity and collectibility. Below is a detailed list of the mints that have issued Gold Sovereigns and their respective mint marks.

  1. Mint Mark: None (No mint mark indicates it was struck at the Royal Mint in London).
  2. Location: London, England (and later Llantrisant, Wales).
  3. Details: The primary mint for Gold Sovereigns. Most Sovereigns without a mint mark were minted here. The Royal Mint continues to produce modern Gold Sovereigns.
  1. Mint Mark: S
  2. Location: Sydney, Australia.
  3. Details: Sydney Mint began striking Sovereigns in 1855, making it the first branch of the Royal Mint outside the UK. Sovereigns from Sydney feature the mint mark S and were minted until 1926.
  1. Mint Mark: M
  2. Location: Melbourne, Australia.
  3. Details: Gold Sovereigns were produced at the Melbourne Mint from 1872 to 1931. Coins from this mint carry the mint mark M.
  1. Mint Mark: P
  2. Location: Perth, Australia.
  3. Details: Sovereigns were minted at the Perth Mint from 1899 to 1931. The coins bear the mint mark P.
  1. Mint Mark: C
  2. Location: Ottawa, Canada.
  3. Details: The Ottawa Mint (now the Royal Canadian Mint) struck Gold Sovereigns from 1908 to 1919. These coins feature the mint mark C and are relatively rare.
  1. Mint Mark: I
  2. Location: Bombay (now Mumbai), India.
  3. Details: The Bombay Mint produced Gold Sovereigns for a short time in 1918. Sovereigns from this mint are marked with the mint mark I and are particularly rare and valuable.
  1. Mint Mark: SA
  2. Location: Pretoria, South Africa.
  3. Details: The Pretoria Mint struck Gold Sovereigns from 1923 to 1932. Sovereigns from Pretoria carry the mint mark SA.
  1. Mint Mark: None
  2. Location: Calcutta (now Kolkata), India.
  3. Details: The Calcutta Mint produced Gold Sovereigns, but these coins did not carry a mint mark. The production was small and primarily during the early 20th century.
Mint Location Mint Mark Years of Production
—————————————————————————-
Royal Mint (London) None 1817–present (occasional breaks)
Sydney Mint S 1855–1926
Melbourne Mint M 1872–1931
Perth Mint P 1899–1931
Ottawa Mint C 1908–1919
Bombay Mint I 1918
Pretoria Mint SA 1923–1932
Calcutta Mint None Early 20th century (small production)

- Branch Mints: Sovereigns minted outside the UK were largely intended for use in the British colonies, and many were struck using local gold supplies, particularly in Australia and South Africa. - Rare Mint Marks: Some mint marks are much rarer than others, particularly Bombay's I mark and Ottawa's C mark, making these Sovereigns more valuable and sought after by collectors. - Sydney Sovereigns (1855-1870): Early Sovereigns from Sydney between 1855 and 1870 had a different reverse design (with “Australia” inscribed), making them unique among Sovereigns.

Gold Sovereigns have been minted in several locations around the world, and each mint used distinct mint marks to signify where the coin was struck. These mint marks add to the collectibility and history of Gold Sovereigns, with some mints, such as Bombay and Ottawa, producing particularly rare and valuable coins. Whether for their historical importance or investment potential, Gold Sovereigns with mint marks are highly sought after by collectors and investors alike.

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  • Last modified: 2024/09/11 10:29
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