There is an amazingly keen interest for gold Half Sovereign coins today; it seems a lot more investors are seeking the smaller coins rather than the full sovereign version. This is, perhaps, the most impressive case where we see that numismatic, aesthetic, and sentimental values can be separated from logistics, and thus objectively determine our appreciation for a coin.
The half Sovereign was first introduced in 1544 under Henry VIII, some years later than the full Sovereign. After 1604, the issue of half Sovereigns was discontinued until 1817, the year of the major revision of British coinage. Gold Sovereigns and half sovereigns were actual circulating coins until the outbreak of World War I in 1914.
At about this time, most European countries reduced or stopped production of gold coins for circulation, and switched to a “token” coinage, where coins had little (or almost no) intrinsic value with no relevance to their face value. The last half sovereign to be issued for circulation was struck in 1926, close to the year when Britain left the gold standard, and apart from special issues for coronation years it did not resume until 1982 after a break of 56 years.
The particulars of a gold Half Sovereign coin
The half sovereign is a British gold coin with a face value of half a pound sterling, ten shillings, or 120 old pence. Modern half sovereigns (1817 onwards), have a diameter of 19.30 mm, a thickness of 1 mm, and weigh 3.99 g; they are made of 22 carat (91⅔%) crown gold alloy, and contain 0.1176 troy ounces (3.6575 g) of gold.
The reverse side, featuring St. George slaying a dragon was designed by Benedetto Pistrucci, with the initials appearing to the right of the date; it is an all-time classic motif used in all sovereign coins, its appeal never to be repeated in the course of nearly 200 years of coinage history.
The half sovereign enjoys equal recognition with the full sovereign and it is equally sought after for its precision in manufacturing, its relative endurance to wear (thanks to the crown gold alloy), its respect towards history and tradition and its emblematic design.
Gold half sovereigns contain half the quantity of gold that a full sovereign contains, and that might lead you to think that they would be worth half of what the full sovereign is worth. In reality and against all investment logic, half sovereigns sell at a 40%-50% premium, simply because there are enough people who are willing to pay it, and buy back prices mean nothing to them simply since they mean to hold on to their coins indefinitely!
Nevertheless it is certain that investors will be delighted with the incredible offer of coininvestdirect.com. They present the Gold, Edward VII. , 1/2 Pound, Half Sovereign (mixed years) at the amazing price of £105.28 . This is really the best deal we have seen so far this year!