The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling. Struck from 1817 until the present time, it was originally a circulating coin (see pre-decimal Sovereign) accepted in Britain and elsewhere in the world; it is now a bullion coin not intended for circulation, the intrinsic value of which is much higher than its face value. There are several denominations of the Sovereign: Five Sovereigns (Quintuple Sovereign, five pounds gold), Double Sovereign, Full Sovereign, Half Sovereign and Quarter Sovereign. The quarter sovereign - with face value of 25 pence is the only sovereign denomination with no pre-decimal counterpart; it was introduced in the United Kingdom in 2009.
Apart from the sovereigns of the United Kingdom, the British Overseas Territory of Saint Helena, Ascension and Tristan da Cunha has also authorised some mints to issue half sovereigns under its jurisdiction. These are denominated in Saint Helena Pounds - the local variation of the Pound Sterling. Following long-standing tradition, this type of coin has never had its value and denomination spelled out anywhere on the coin.
The Mint says about this coin: The 2022 Quarter Sovereign Gold Proof Coin honours the Platinum Jubilee of Her Majesty Queen Elizabeth II. In 2022 she became the first British monarch to mark 70 years on the throne.
In honour of her Platinum Jubilee, our 2022 Sovereign Collection features the heraldic symbols that form Her Majesty’s official coat of arms. The 2022 Quarter Sovereign contains the shield that sits at the heart of the coat of arms and displays the emblems of the different nations of the United Kingdom.
The Sovereign is one of the world’s most famous coins with a history stretching back over 500 years. First introduced in the late 15th Century when King Henry VII demanded a "new money of gold" to demonstrate the power of his reign, the Sovereign was a favourite of Tudor monarchs until its minting came to an end during the reign of James I. Some 200 years later, Britain found itself in an economic crisis that led to the Great Recoinage of 1816, and the re-introduction of the Sovereign to replace the Guinea. The design for the new "Modern Sovereign" was created by the great Benedetto Pistrucci, whose dynamic image of St George slaying the dragon became the "standard" Sovereign design. It has featured on almost all annual Sovereign releases since its introduction in 1817, only changed on rare occasions and generally only for significant royal events or anniversaries. Now, to honour Her Majesty Queen Elizabeth II’s Platinum Jubilee, East India Company Collections is proud to introduce the 2022 Gold Proof Sovereign Collection, featuring a new heraldic design to mark this historic milestone. |