British Gold Sovereign Coin

April 16th, 2008 by admin
0147]-1821-britain-gold-full-sovereign-pcgs-au55 0147] 1821 Britain Gold Full Sovereign PCGS AU55
US $1,500.00
End Date: Wednesday Mar-10-2010 20:17:11 PST
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9083]-1855-sydney-gold-full-sovereign-pcgs-vf35- 9083] 1855 Sydney Gold Full Sovereign PCGS VF35
US $3,950.00
End Date: Wednesday Mar-10-2010 20:25:19 PST
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0148]-1817-britain-gold-full-sovereign-pcgs-ms63- 0148] 1817 Britain Gold Full Sovereign PCGS MS63
US $3,900.00
End Date: Wednesday Mar-10-2010 20:32:13 PST
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1912-british-george-v-solid-22k-gold-full-sovereign 1912 BRITISH GEORGE V SOLID 22K GOLD FULL SOVEREIGN
US $258.77 (4 Bids)
End Date: Thursday Mar-11-2010 18:46:39 PST
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1915-s-australia-gold-sovereign-1-4oz 1915-S AUSTRALIA GOLD SOVEREIGN 1/4oz
US $2.25 (2 Bids)
End Date: Friday Mar-12-2010 12:42:56 PST
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2002-uk-golden-jubilee-gold-proof-half-sovereign-coin 2002 UK Golden Jubilee Gold Proof Half Sovereign Coin
US $152.50 (2 Bids)
End Date: Friday Mar-12-2010 19:02:39 PST
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2001-uk-0-1177-oz-troy-gold-proof-half-sovereign-coin- 2001 UK 0.1177 oz Troy Gold Proof Half Sovereign Coin
US $150.00 (0 Bid)
End Date: Saturday Mar-13-2010 18:16:51 PST
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1907-s-gold-sovereign-rarest-mint-in-this-year 1907 "S" Gold Sovereign - RAREST Mint In This Year
US $0.11 (2 Bids)
End Date: Saturday Mar-13-2010 20:01:35 PST
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1913-p-gold-sovereign-rare-condition-great-coin 1913 "P" Gold Sovereign - RARE Condition Great Coin
US $26.00 (3 Bids)
End Date: Saturday Mar-13-2010 20:18:41 PST
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1906-english-gold-half-sovereign- 1906 English Gold Half Sovereign
US $120.00 (1 Bid)
End Date: Sunday Mar-14-2010 17:25:38 PDT
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1983-u-k-1-4oz-gold-proof-sovereign-in-box-w-paperwork 1983 U.K. 1/4oz.Gold Proof Sovereign in Box w/Paperwork
US $324.99 (0 Bid)
End Date: Tuesday Mar-16-2010 21:57:58 PDT
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4834]-1989-gold-sovereign-500th-anniversary-pcgs-pr68 4834] 1989 Gold Sovereign 500th Anniversary PCGS PR68
US $1,299.00
End Date: Wednesday Mar-24-2010 22:59:49 PDT
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pacific-sovereign-1oz-gold-coin-9999 Pacific Sovereign 1oz Gold coin .9999
US $1,350.00
End Date: Friday Mar-26-2010 15:32:51 PDT
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0090]-1989-gold-sovereign-500th-anniversary-proof 0090] 1989 Gold Sovereign 500th Anniversary Proof
US $899.00
End Date: Monday Apr-05-2010 13:06:11 PDT
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UK Gold Sovereign coins were first minted in 1489 for Henry VII of England. These coins contained pure gold and had face values of only £1 or 20 shillings. However, these coins did not contain any imprint stating their value as they were considered official bullion. In 1604, the production of such Gold Sovereigns was stopped and replaced by Laurels although their minting was restarted again in 1817.

The gold sovereigns were made from 23 karat gold and had a half troy ounce or 96% pure gold content. The purity of these gold coins was reduced from 23 karats to 22 karats by King Henry VIII, which then went on to become the defining standard for all common gold bullion coins in both the U.S. and the UK. Today, the amount of gold content in these coins remains fixed at 7.322 grams or 0.2354.

There have been other denominations of these gold sovereign coins released by the British Royal Mint such as half sovereigns which have a face value of 10 shillings, double sovereigns which are worth £2 and quintuple sovereigns having a £5 value. These UK sovereigns were minted as normal bullion until 1982, after which they were only struck as proof coins for collectors. These gold coins are favored by collectors on account of their rarity as they have great numismatic value.

Before the First World War, UK Sovereigns were being produced in large quantities; however, after the war, British pounds were removed from the gold standard. It was only in 1957 that minting of such gold sovereign coins was started once again to prevent any attempts at counterfeiting. All these UK Gold Sovereign coins are marked with a nominal legal tender value, but the current bullion markets prices determine the actual value and price of the gold in the coins.

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