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The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy ounces (113.0 gr; 7.32 g) of pure gold.Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery.
Some 1893 sovereigns were struck with Boehm's design at the Australian branch mints, [61] and half sovereigns of that type were minted both at London and in Australia. [62] Of the silver coinage, some 1893 sixpences and threepence with Boehm's obverse were struck at London, [ 63 ] but otherwise, the Jubilee coinage was at an end.
Since 1980, the five-pound gold piece has been struck in most years by the Royal Mint for sale to collectors and holders of bullion. Although generally featuring Pistrucci's design, commemorative versions have been issued, such as in 2022, as a memorial following the death of Elizabeth II , featuring the bust of her son and successor, Charles III .
The Old Head coinage originally consisted only of gold and silver coins, but in 1895, the Brock head of Victoria was placed on the bronze coinage (the penny and its fractions) as well. They continued to be struck until the death of Victoria in 1901 necessitated a change of design for the obverse; beginning in 1902, the coinage bore the head of ...
The first sovereigns were of 23-carat (95.83%) gold and weighed 240 grains, or half a troy ounce. King Henry VIII lessened the gold content to 22 carats, or 91.67%. Although this was part of what is called The Great Debasement, 22 carats became the gold coin standard in both the British Isles and later the United States, known as crown gold.
In 2020, an Edward VIII sovereign sold at auction for £1 million, the most for a British coin. [3] On 26 March 2021, a five pound gold coin sold at auction for $2,280,000, surpassing the previous record.
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