A gold sovereign is a type of precious metal coin that was first used in Great Britain in the 16th century. The gold sovereign has a long history and is highly valued for its gold content and collectability.
The gold sovereign was first introduced by King Henry VII in 1489. In the following centuries, it was used as a currency in Britain and parts of the British Empire. The coins were made from 22 carat gold and weighed around 113 grains (7.322g). Each coin was stamped with the Royal State Arms, the face value, and the Latin inscription “Dei Gratia” which means “By the Grace of God.”
The gold sovereign was an important symbol of the wealth and power of the British Empire. During the era of the British Raj, it was widely accepted as currency and was crucial to Britain’s dominance of the global economy. The coins were also used to purchase items in the colonies, such as tea and sugar.
The Sovereign Today
The gold coin was phased out of circulation in the UK in 1932. Today, it is only used as a collector’s item, primarily due to its gold content. The coins come in a variety of sizes and denominations, from half sovereigns to full seven-shilling coins. Collectors also appreciate the coins because they are often in mint condition due to their long history.
The gold sovereign is a unique and fascinating coin with a long past. It has become a symbol of British history and is still highly sought after by collectors. Its beauty and gold content make it a smart choice for both collectors and investors.
Reference: Author: BullionBulldog.com 03-09-2023 All rights Reserved – This Article May Not Be Reproduced Without Prior Written Permission from The Author.