British Sovereign gold coins have an illustrious place in history which makes them a valuable commodity in the modern world. Struck by the Royal Mint throughout the height of the British Empire they were available in all corners of the globe and were minted in far-flung cities such as Pretoria, Bombay, Ottawa, Melbourne, Perth, and Sydney.
At the peak of the distribution, hundreds of millions of Sovereigns were struck around the world and were highly important for trade purposes. Their value is still recognised today and they are still a highly popular collector’s item and token of investment. Visit coininvest.com and check out the British Sovereign coins on offer in their online store.
Edward VII sovereign
Available in full and half sovereign, the Edward VII sovereigns are the widely recognised gold coins in the world. Between 1816 and 1932, over 600 million sovereigns were minted bearing the iconic symbol of St George and the dragon. The coins were so important that the US army used them to give to their special armed forces as part of their survival pack.
Full sovereign George V
Dated between 1911 and 1932, George V Gold Sovereign coins were minted in Canada, Australia India and South Africa in addition to the Royal Mint in the UK. Thousands were melted down during World War I so the British Army could use them as bullets to fight the Germans, yet ironically, the King whose face featured on the coins was of German descent. It was George V that changed the name of the Royal family from the German, Saxe-Coburg to the modern day Windsor.
Full sovereign Victoria gold
The history of modern gold Sovereign coins started with the Victoria Gold Sovereign which resurrected the coins during the Great Recoinage Act of 1816. The sovereign originally dates back to 1489 during the reign of King Henry VII who wanted to introduce a new currency that would announce Britain as a world superpower.
The minting of sovereigns came to an end however after the Tudor reign died out and James VII of Scotland became James I of England. Once the Sovereign was reintroduced as legal tender by Queen Victoria, the first coins minted in 1817 have become highly prized assets for their numismatic value and as such trade for high prices.
Full sovereign Elizabeth
The Gold Sovereign started a new era in 1957 with the coins now featuring the face of the new, and still existing Queen Elizabeth II. Although coins from this era are no longer used as common money, they are still used by central banks and traders to back up currency and equitable investments.
Gold sovereign coins are therefore highly prized assets throughout the economic world and have particular importance on the stock market to hedge against riskier investments. Recognised as a safe haven stock because the value of gold always increases, especially during times of financial hardships, gold sovereign coins are just as important into today’s world as they have been throughout history.
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