Gold Sovereign Value
Danny I. asks: I have a few gold coins and I would like to get a rough idea of their value. Could you help me with that? I shall describe them: On one side there is a portrait of a king and it says “EDWARDVS VII D:G: BRITT: REX F:D:IMP on the other side there’s a mythologic figure on a horse fighting a beast. Some of the coins are dated 1907, others are 1902, 1906 1911, 1917. The weight of each coin is 0.2354 oz. Thanks, Danny.
Gold Sovereign Values
All are British Sovereigns. The 1902, 1906 and 1907 coins show a bust of Edward VII, the 1911 and 1917, a bust of George V. The reverse is a depiction of St. George and the Dragon. The only coin that may have numismatic value would be the 1917 – if it is from the London Mint (no mint mark on the base below the dragon). Value in average circulated condition-about $4,000.
There were four gold coins that were minted under Edward’s reign. A half sovereign, about the size of a U.S. dime, a sovereign, about the size of a U.S. nickel, a 2 L (pound) about the size of a U.S. half dollar and a gold 5L, about the size of a U.S. silver dollar.
The sovereign denomination was the same as 1 pound in shillings(20) or crowns(4). In the 19th century sovereigns were trade units, that is gold money that countries used to pay other countries to satisfy debts. In the 20th century and especially after 1933, sovereigns were essentially bullion items, that is, valued on their gold content alone. The sovereigns are a convenient way to store gold. Since they are issued by an official body, in this case the British Royal Mint, the gold content is guaranteed, therefore the coins do not have to be weighed or assayed to trade as gold.
Each sovereign contains .2354 troy ounce of pure gold, or slightly less than a quarter ounce. To determine each sovereigns value in dollars, simply multiply the above decimal against the current world price of gold in troy ounces (see the CoinSite’s Metals page for up-to-the minute world prices of precious metals). For example at $1200 gold a sovereign would be worth US $282.40 [.2354 x 1200].
- 1958 Gold Sovereign featuring Queen Elizabeth II and the George Dragon design in very fine condition provided in a plastic capsule. Notify me if price drops Notify me if price rises $543.10 USD 919 Elizabeth II Young Head 1957-1968 (Specific Year Sovereigns (Gold Sovereign (Gold Coins))) 7.98.
- Until 1932, Gold Sovereigns were fully circulating British coins. Today, these coins are minted as bullion products and can be also transformed into jewelry. Gold British Sovereigns usually carry higher premiums than other gold coins, due to their historical value and high demand.
British Sovereign Gold Content
Gold Sovereign Price Guide
Gold sovereign coins available for sale. We stock a wide range of sovereign coins including Victoria old head, Victoria jubilee shields, Victoria young head shields and St. George and the dragon, George V, Edward VII and Elizabeth II. Unlike paper investments or speculations, British gold sovereigns have a real and permanent tangible value. Therefore, they offer two ways to build wealth. They can offer the best of bullion.