Sovereign Coin
Danny I. asks: I have a few gold coins and I would like to get a rough idea of their value. Could you help me with that? I shall describe them: On one side there is a portrait of a king and it says “EDWARDVS VII D:G: BRITT: REX F:D:IMP on the other side there’s a mythologic figure on a horse fighting a beast. Some of the coins are dated 1907, others are 1902, 1906 1911, 1917. The weight of each coin is 0.2354 oz. Thanks, Danny.
Sovereign Coins Uk
- The World Coin Price Guide was independently compiled by Active Interest Media’s NumisMaster. In some cases, NGC has made adjustments or edits to the prices, descriptions and specifications. NGC makes the World Coin Price Guide available to its website visitors as a free service, but in no way does the information provided represent NGC’s.
- The Gold Sovereign Coin is the Least Expensive Way to Buy Fractional Sized Gold Coins.
- First struck more than 500 years ago for Henry VII, The Sovereign has always been thought of as the monarch’s coin. Henry VII intended the coin to make an impact; it was the largest gold coin in England and featured a portrait of the king in full regalia, seated upon his throne.
- The British Sovereign Gold Coin was the first British Gold Coin minted in all the branches of the Royal Mint across the world. The last original 23-karat Gold Sovereign coin was produced in 1604.
Sovereign Coin Price
All are British Sovereigns. The 1902, 1906 and 1907 coins show a bust of Edward VII, the 1911 and 1917, a bust of George V. The reverse is a depiction of St. George and the Dragon. The only coin that may have numismatic value would be the 1917 – if it is from the London Mint (no mint mark on the base below the dragon). Value in average circulated condition-about $4,000.
There were four gold coins that were minted under Edward’s reign. A half sovereign, about the size of a U.S. dime, a sovereign, about the size of a U.S. nickel, a 2 L (pound) about the size of a U.S. half dollar and a gold 5L, about the size of a U.S. silver dollar.
Perfect for first-time buyers and experienced traders alike, gold sovereign coins make an excellent investment. Costing less than gold bars or other similar-sized coins, gold sovereigns are the cheapest way to buy and sell relativity small amounts of gold.
The sovereign denomination was the same as 1 pound in shillings(20) or crowns(4). In the 19th century sovereigns were trade units, that is gold money that countries used to pay other countries to satisfy debts. In the 20th century and especially after 1933, sovereigns were essentially bullion items, that is, valued on their gold content alone. The sovereigns are a convenient way to store gold. Since they are issued by an official body, in this case the British Royal Mint, the gold content is guaranteed, therefore the coins do not have to be weighed or assayed to trade as gold.
Each sovereign contains .2354 troy ounce of pure gold, or slightly less than a quarter ounce. To determine each sovereigns value in dollars, simply multiply the above decimal against the current world price of gold in troy ounces (see the CoinSite’s Metals page for up-to-the minute world prices of precious metals). For example at $1200 gold a sovereign would be worth US $282.40 [.2354 x 1200].
Sovereign Coin Cryptocurrency
As you read this article, a standard, bullion grade gold sovereign is currently worth about £ 312.34 ($ 471.22 / € 388.55 ). However, some sovereigns are worth much, much more than this. This article takes a look at some of the rarest and most valuable sovereigns that exist.
An unobtainable sovereign
Probably the most valuable gold sovereigns are those that a collector will never have the opportunity of acquiring, regardless of their budget. The first sovereigns struck following Queen Elizabeth II’s accession to the throne were those minted in 1953. Just three four proof coins are know to have been produced, along with accompanying Crowns, double and half-sovereigns. One set resides in the Royal Mint Museum, another with the British Museum and the final set with the Royal collection. As no set has ever been sold, it’s impossible to place a value on them. Update Jan 2015: In May 2015, St James’s Auctions will be auctioning The Park House Collection. Included in the sale is the only known 1953 Sovereign available to private buyers.
The rarest / most valuable sovereign available to collectors
During George III’s reign in 1819, 3,574 sovereigns were struck. Although not the lowest mintage run (that accolade goes to the 1923 Pretoria mint sovereign with just 406 being struck), only 10 examples are now known to exist. As a result of their scarcity, 1819 sovereigns command huge prices when they do come up for sale, even when in relatively poor condition.
On the 8th May 2013, one of the finest examples know to exist was sold at Baldwin’s auctioneers. As part of the ‘Bentley collection’, it was the star attraction of the auction and sold for a magnificent £186,000 (approx. $289,000).
It is believed that one proof version of the 1819 sovereign exists. However, its whereabouts is currently unknown and has not been seen for over 70 years. Suffice to say, if & when it does re-appear, its value is likely to be well in excess of £250,000.
Other rare and collectable sovereigns
There are many other dates that are rare and collectable. Here is a selection of the more scarce ones:
- 1908 Edward VII Ottawa Mint
- 1924 George V Pretoria Mint
- 1916 George V Ottawa Mint
- 1917 George V London Mint
- 1922 George V Melbourne Mint
- 1926 George V Sydney Mint
- 1921 George V Melbourne Mint
- 1923 George V Sydney Mint
- 1874 Victoria ‘Young Head’ Shield
- 1920 George V Sydney Mint
Minting errors
When determining their value, it’s not just sovereigns that were either minted in low numbers or where few survive today that collectors are interested in. As demand grew for newly minted sovereigns around the mid 19th century, the quality control in the production of new dies began to slip and errors became more common. Sometimes, the number ‘1’ in a date would be accidentally substituted for the Roman letter ‘I’, or a number ‘4’ would be placed upside-down. Only the keen-eyed collector is likely to spot such mistakes, but when found, a minting error can significantly increase the value of a coin. Take for example the 1880 Sydney mint shield sovereign. An easily obtainable date at standard sovereign prices for its age. However, if the word ‘VICTORIA’ on the obverse (heads) side uses an upside-down letter ‘A’ instead of a ‘V’, you could be looking at a 5-figure value!