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Gold Sovereigns

The British sovereign (originally the one pound coin) is the most widely traded semi-numismatic gold coin in the world. The Full Sovereign is 7.98 grams of 22 carat gold (91.66% of pure gold). The first British gold sovereign was issued in 1489 for Henry VII and the design featured an enthroned portrait of the King in his full coronation robes, with the reverse depicting the Royal Arms. In 1816 the entire British Coinage system underwent a reform as a result of Industrial Revolution and hence the modern gold sovereign commenced in 1817 under George III.It was almost half the weight and diameter of the original Sovereign, and more than matched its predecessor in the beauty of its design.  A new reverse design was introduced featuring Saint George slaying a dragon, designed by a brilliant young Italian engraver; Benedetto Pistrucci. This same design is still in use on British gold sovereigns, although other reverse designs have also been used during the reigns of William IV, Victoria, George IV, and Elizabeth II.

 

As the British Empire expanded under Queen Victoria during the 1800s, the Sovereign came to be the world's most widely distributed gold coin. Minted originally in London, the sovereign came to be minted all over the world as Australia and South Africa came to be large gold producers. Mints in Pretoria, Bombay, Ottawa, Melbourne, Sydney and Perth minted thousands of sovereigns during the late 1800s and early 1900s.Due to its popularity, in addition to the sovereign, the Royal Mint also struck ten-shilling half sovereigns, two-pound double sovereigns, and five-pound quintuple sovereigns coins. However, only the sovereign and the half sovereign were commonly struck for circulation

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 The First World War signaled the end of a circulating gold coinage.The production of gold sovereigns, as bullion coins, restarted in 1957.  From 1957, bullion sovereigns were issued almost every year until 1968, then not until 1974 when regular production was restarted.From 1979, the Royal Mint started to produce special edition proof versions for collectors and after a break from 1982, the Royal Mint has again started production of "ordinary" sovereigns in 2000, and these are now produced every year.

 

In 1989, a special 500 commemorative design was producedto mark the 500th Anniversary of the original Sovereign inspired by the very first gold sovereign of 1489, showing H.M. Queen Elizabeth II seated facing on a throne. This was only issued as a proof. In 2002, the shield reverse design that had last been used in 1887 was resurrected in modified form for one year only to commemorate the golden jubilee of Queen Elizabeth II. Both these coins are high in demand with Collectors. In 2005, the Royal Mint issued another new sovereign design, a new modern version of Saint George slaying the dragon. This coin was issued in both normal circulation (bullion) and proof versions.

 

This year marks the Diamond Jubilee of Queen Elizabeth II (1952 -2012) and to mark this special event the 2012 Sovereign features a brand new design for one year only. This special sovereign has been designed by Paul Day, a British sculptor living in France, who has opted for a more romantic version of the St George and the dragon theme.

 

This is only the fourth time that the sovereigns design has been changed under the Queen’s reign and all these special edition sovereigns are likely to be popular with the Collectors as a single date type coin.

Banner- Gold plated Jewellery

Todays Gold Silver and Platinum prices

  Price per Gram
Gold 9 Carat £11.12
Gold 14 Carat £17.29
Gold 18 Carat £22.25
Gold 22 Carat £27.15
925 Silver £0.12
950 Platinum £18.10

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