These special commemorative sovereign gold coins were issued by the East India Company to commemorate 200 years since the end of King George III's reign.
King George III was one of Britain's longest serving monarchs, and sat upon the throne for nearly 60 years. He was however, one of the most unfortunate ones, and spent most of his final years in poor mental health, for which he is sadly, best known.
During the French Revolutionary Wars (1792-1802) and the Napoleonic Wars (1803-1815) Britain had exchanged large cash subsidies to pay nations such as Austria, Prussia and Russia to join British forces in the fight against France. As a direct result of the military and economic warfare against France, Britain was thrown into a state of great financial instability.
In order to re-stabilise Britain’s currency, the government introduced a series of coins, including the sovereign. These coins were truly worth their weight in gold and silver and the Act defined the value of the pound sterling relative to gold and silver. The coins in the set feature designs of famous coins from the reign of King George III.