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Gold Sovereign Prices
Our Gold Sovereign prices are the best on the web
Gold Sovereign Prices
| Sovereign |
£ 232.89 |
| Half Sovereign |
£ 116.45 |
To work out the price of a Gold Sovereign ring deduct 8 grams from the overall weight (the Gold Sovereign) and the balance can be calculated as 9 carat gold. Similarly deduct 4 grams for a Half Gold Sovereign ring.
Gold Sovereign is a gold coin first issued in 1489 for Henry VII and still in production today.
The name "sovereign" comes from the majestic and impressive size and portraiture of the coin, the earliest of which showed the king facing, seated on a throne, while the reverse shows the Royal coat of arms on a shield surrounded by a Tudor double rose. These original sovereigns were 23 carat (96%) gold and weighed 240 grains or one-half of a troy ounce (15.6 grams).
Henry VIII reduced the purity to 22 carats (92%), which eventually became the standard; the weight of the sovereign was repeatedly lowered until when it was revived after the Great Recoinage law of 1816, the gold content was fixed at the present 113 grains (7.32 g), equivalent to 0.2354 Troy ounces.
Gold Sovereigns were discontinued after 1604, Production of sovereigns restarted in 1817, their reverse design being a portrayal of Saint George killing a dragon, engraved by 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.
Gold Sovereigns were produced in large quantities until World War I, at which time the UK came off the gold standard. Production resumed in 1957, to prevent the coin being counterfeited.
Sovereigns were produced most years as bullion until 1982. From there to 1999, proof coinage only versions were produced, but since 2000, bullion sovereigns have been minted. Modern sovereigns are minted at the Royal Mint.
Gold Sovereigns prices are at a premium to the price of gold unlike some other coins, like the Krugerrand. This is due to a number of factors: the higher unit cost of the Gold Sovereign (at under than one-quarter of an ounce); the higher demand for the Gold Sovereign from collectors.
Current Gold Sovereigns (2000 onwards) are struck in a 22 carat (92%) gold alloy, also known as Crown Gold, which contains 11/12 gold and 1/12 copper.
The only time there has been a deviation from this composition was in the production of early Australian sovereigns, which used silver as part of the alloy and in London sovereigns dated 1887, when an additional 1.25% silver was added in order to make the blanks softer for new Joseph Boehm effigy of Queen Victoria. Consequently, 1887 London Mint sovereigns are more yellow in appearance than other London produced sovereigns. This additional silver affected the amount of copper in the coin, not, of course, its gold content. (Nineteenth century techniques of refining were not as advanced as today, and nineteenth century sovereigns became more accurate in terms of their gold weight as silver — which is often naturally combined with gold — was removed as an impurity from the "pure" gold used.
The 2007 sovereigns have significant differences in their reverse design from the other coins produced from 2000 to 2006. In the 2007 version the shape of the horse's tail has changed, as has the left hand side of the edge of the ground. The initials B.P. (for Benedetto Pistrucci) are also a lot smaller than on previous versions. It is also possible that the folds in St. George's cloak have also been rearranged. The reverse now most closely resembles the version of St. George and the Dragon which appeared on the 1818 silver crowns of George III.
Now you know why Gold Sovereign prices are always a good investment.
To get your Gold Sovereign prices apply now.
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