Three Gold Sovereigns from Great Britain
The recent decline in Comex gold prices (snicker), sent me back at the gold dealer in October. It is all on sale people!
In this batch were two King George V sovereigns and one King Edward VII half sovereign from Great Britain.
The sovereign is equivalent to one pound sterling or ten shillings (120 pence)
The half sovereign has a face value of half pound sterling. The paper pounds and dollars have lost nearly all purchasing power, thus one sovereign can be sold for 220 to 260 pounds (the paper ones).
The tails side of these coins has Saint George slaying a dragon on horseback!
The color of the coins is the same, they look different because of the light source and angle of the lens (for relief).
The sovereign is slightly larger than a U.S. nickel - the half sovereign the size of a dime.
the 1902 half sovereign is from the London mint, likely a first run, Edward VII crowned in 1902
Queen Victoria was on the 1901 versions.
British George V Sovereigns can fetch $350 to $450 US depending on condition. The value of any coin is higher or lower depending on age, condition and rarity. I paid the going rate of fine gold for all of my most recent acquisitions. I rarely take the condition of the coin into account when purchasing coins. I buy them for their value if melted. If I get a rare one, bonus!
These featured coins are all 22k or .9166 (91.66% pure) gold.
Sovereigns weigh 7.98gr. (0.2304 oz. troy)
Half Sovereigns weigh 3.99gr. (0.1153 oz. troy)
Pure gold, marked .9999 or 99.99% pure, is currently worth $1214 per ounce at the current published N.Y. Comex price. A farce really. When gold prices go down, I wonder if my paper dollars have gotten thicker or heavier? Maybe they buy more things than yesterday.
Fine gold, marked .999 purity, costs a bit less but is slightly more durable at 99.90% pure.
Here are all three of the coins for today together.
Anything is better than just plain paper.
Cheers