British Sovereign Gold Coin
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. Today it is used as a bullion coin and is sometimes mounted in jewelry.
Named after the English gold sovereign, last minted in 1604, the name was revived with the Great Recoinage of 1816. Minting of these new sovereigns began in 1817. The gold content was fixed by the coin act of 1816 at 1320/5607 (0.235420) troy ounces (7.322381 g), nearly equivalent to 113 grains. This weight has remained practically constant to the present day (some minute changes have resulted from its legal redefinition in the metric system of weights).
Sovereigns have been minted in the United Kingdom from 1817 to 1917, in 1925, and from 1957 to the present. In the past Australia, Canada, and South Africa all occasionally minted the coins. Today, they are minted at the Royal Mint in Llantrisant, Wales, and under license by MMTC-PAMP near Delhi, India.
In addition to the sovereign, the Royal Mint also struck ten-shilling half sovereigns, two-pound double sovereigns, and five-pound quintuple sovereign coins. Only the sovereign and the half sovereign were commonly struck for circulation.
In 2009, The Royal Mint released a new coin in the sovereign series: the quarter-sovereign, similar in some ways to the original gold English crown of the rose.
If you are looking for fractional gold coins but are put off by the higher premiums that you have to pay for all 1/2, 1/4, and 1/10th in relationship to their one ounce parents, consider the Gold British Sovereign. The premiums are closer to what you would pay for 1 ounce gold bars.
The sovereign is a gold coin from the United Kingdom containing .23542 troy ounces of gold.
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