Sovereign (Pre-Decimal), Coin Type from United Kingdom - detailed information

Sovereign (Pre-Decimal), Coin Type from United Kingdom (issued 1817 - 1968)
Coin TypeSovereign (Pre-Decimal)

The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling. Prior to 1932 it was a fully circulating coin within Britain's then Gold Standard currency. In the old measurement units, the weight of the sovereign was set at 123.27447 grains (7.98805 grams) of 22-carat gold. This weight was chosen because It contained exactly 113 grains (7.32238 grams) of pure gold; at the time, the price of gold was fixed at £3 17s 10½d per troy ounce, which made the sovereign's gold content worth exactly 20 shillings (£1).

Sovereigns have been minted in the United Kingdom from 1817 to 1917, in 1925, and from 1957 to the present - now denominated in decimal currency. In the past, colonial branches of the Royal Mint also struck the coins in Australia, Canada, India, and South Africa.

In Victorian times it was the practice of the Bank of England to remove worn sovereigns and half sovereigns from circulation and to have them recoined. Consequently, although a billion sovereigns have been minted in total, that figure includes gold that has been coined and recoined a number of times. In addition, when coins were sent to places such as the United States for international payments between governments, they were frequently melted down into gold bars because of the Federal regulations then in force. When gold coins were finally withdrawn from circulation in 1933 in the US, many thousands of British gold sovereigns were consigned to the melting pot in this way.

It is estimated that in circulation a sovereign could have a lifespan of up to 15 years before it fell below the "least current weight", that is, the minimum amount of gold below which it ceased to be legal tender.

English law allows a sovereign to be legal tender so long as it weighs 7.93787 g (0.280000 oz), or more; and the difference between this and the full standard weight of 7.98805 g (0.281770 oz) (approx. 0.6%) represents the margin allowed for abrasion.

It was actually the half-sovereign that had the most circulation in Victorian Britain. Many sovereigns languished in bank vaults for most of their lives. In 1889 and 1890 Orders in Council were made permitting members of the general public to hand in any gold coins that were underweight and have them replaced by full-weight coins. A proclamation was subsequently issued in November 1890 that any gold coin struck before 1837 would cease to be legal tender with effect from 28 February 1891. This recycled gold was subsequently re-minted into 13,680,486 half sovereigns in 1892 and 10,846,741 sovereigns in 1900. (Both figures are for the London branch of the Royal Mint.)

Sovereign obverse (heads) dies were also used in the nineteenth century to create farthings once they had become worn. (An obverse die could typically produce 100,000 coins.)

Composition: 0.9167 gold, 0.0833 copper.

Obverse

Effigy of the monarch, legend.

Obverse Inscription
Reverse

Reverse Inscription
EdgeMilledEdge InscriptionNone
Notes

If you keep your coins in 2x2 cardboard holders, the best size for one sovereign coins is 22.5mm.

References to additional information:

[Book] Marsh, Michael A., M.A. Marsh Publications 2002. The Gold Sovereign.

Coin Type: Sovereign (Pre-Decimal) - (148) Coins (Page 1 of 2)
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Sovereign (Pre-Decimal): Details
CountryUnited Kingdom
CurrencyPound Sterling (pre-decimal)
Sub-types Sovereign (pre-Victorian)
Sovereign (Shield)
Sovereign (St George)
From1817
To1968
Face Value1 (x Pound)
CurrentNo (demonetised 1971)
Material0.9167 Gold
Designer
TechnologyMilled (machine-made)
ShapeRound
Size22.0500 mm
Thickness1.5200 mm
Mass7.9881 g
Sovereign (Pre-Decimal): Photos
ImageDetails
Sovereign (Pre-Decimal): Photo Coin - Sovereign, George III, Great Britain, 1820 Coin - Sovereign, George III, Great Britain, 1820
Copyright: Museums Victoria / CC BY
Author:
Notes: St George, within garter (1817 - 1825).
Source
Sovereign (Pre-Decimal): Photo Proof Coin - Sovereign, William IV, Great Britain, 1831 Proof Coin - Sovereign, William IV, Great Britain, 1831
Copyright: Museums Victoria / CC BY
Author:
Source
Sovereign (Pre-Decimal): Photo Coin - Sovereign, Queen Victoria, Great Britain, 1843 Coin - Sovereign, Queen Victoria, Great Britain, 1843
Copyright: Museums Victoria / CC BY
Author:
Notes: Crowned shield (1838 - 1887).
Source
Sovereign (Pre-Decimal): Photo Coin - Sovereign, Edward VII, Great Britain, 1902 Coin - Sovereign, Edward VII, Great Britain, 1902
Copyright: Museums Victoria / CC BY
Author:
Notes: St George (modern) (1871 - 1968).
Source
Sovereign (Pre-Decimal): Photo Coin - Sovereign, George III, Great Britain, 1820 Coin - Sovereign, George III, Great Britain, 1820
Copyright: Museums Victoria / CC BY
Author:
Notes: King George III (1817 - 1820).
Source
Sovereign (Pre-Decimal): Photo Proof Coin - Sovereign, William IV, Great Britain, 1831 Proof Coin - Sovereign, William IV, Great Britain, 1831
Copyright: Museums Victoria / CC BY
Author:
Notes: King William IV (1830 - 1837).
Source
Sovereign (Pre-Decimal): Photo Coin - Sovereign, Queen Victoria, Great Britain, 1852 Coin - Sovereign, Queen Victoria, Great Britain, 1852
Copyright: Museums Victoria / CC BY
Author:
Notes: Queen Victoria, "Young Head" portrait (1838 - 1887).
Source
Sovereign (Pre-Decimal): Photo Coin - Sovereign, Edward VII, Great Britain, 1902 Coin - Sovereign, Edward VII, Great Britain, 1902
Copyright: Museums Victoria / CC BY
Author:
Notes: King Edward VII (1902 - 1910).
Source
Sovereign (Pre-Decimal): Photo Coin - Sovereign, Canada, 1918 Coin - Sovereign, Canada, 1918
Copyright: Museums Victoria / CC BY
Author:
Notes: King George V (1911 - 1928).
Source
Sovereign (Pre-Decimal): Photo Proof Coin - Sovereign, Australia, 1930 Proof Coin - Sovereign, Australia, 1930
Copyright: Museums Victoria / CC BY
Author:
Notes: King George V, "small head" (1929 - 1932).
Source
Sovereign (Pre-Decimal): Photo Proof Coin - Sovereign, George VI, Great Britain, 1937 Proof Coin - Sovereign, George VI, Great Britain, 1937
Copyright: Museums Victoria / CC BY
Author:
Notes: King George VI (1937).
Source