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Sovereign Values

Sovereign Gold Coins have no currency value. The only type of value that can be linked to this coin is the 1 pound of gold. This is the only reason the coin was accepted as a means of payment by multiple merchants. Some of the merchants that accepted this coin was tobacco sellers and the Chinese silk traders. Some Indian Spice merchants also accepted the coin as payment in the past. The value initially rose dramatically by 28 shillings by the year 1932.

Gold coins are used all over the world even to this day. This form of payment is used as emergency money in case other forms of payment are no longer valuable. World War II pilots often carried gold coins with them in case of an emergency. Gold coins still have relevancy and are often used for payment and backup funds. These historic gold coins are valued by not only individuals, but countries.

The distinctive British gold sovereign coins are the only currency with no denomination. Their value was tied to the pound, which was determined by the gold standard. Therefore, although its worth can fluctuate, a sovereign gold coin offers instant liquidity worldwide. For many people, it is the ultimate in emergency money.

How to Value a Gold Sovereign

Obviously we cannot give you a definitive value for your particular sovereign, however as a rule of thumb here is the way to get a rough idea of the value of your gold sovereigns.

For sovereigns dated 1817 and after multiply the the spot price per ounce of gold bullion by 0.2354. This does not take into account the condition of your sovereign or whether it is a rare mintage or not.

For Example: September 2009 - Gold spot price is $999 or £617 x 0.2354 = $235 or £145

	Half Sovereign The half sovereign was first introduced in 1544 under Henry VIII. It was a gold coin valued at ten shillings or 120 pre-decimal pennies
	Double Sovereign The double sovereign (also known as the Two-Pound) dates back to around 1500 during the reign of Henry VII when a thicker version of the sovereign was struck
	Gold Five Pound The gold five guineas coin started out life as a five pound coin before the fluctuating value of the guinea eventually settled at twenty-one shillings, therefore you could argue that the five pounds piece issued after the Great Recoinage of 1816 is merely a continuation of the earlier value
	Why Gold Sovereigns Are Valuable Gold Sovereigns - Valuable for a long time to come. If one were once in disbelief over the value of gold, let these current times be a strong wake up call! Gold is the highest it has ever been, breaking historic record highs of more than $1,000 an ounce!

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8 Comments »

Vera Thomson said:

I have a 1913 George V gold soverign and would like to know its worth. It is in good condition. I live in Sydney Australia. Can you help me. Many thanks

Vera Thomson

# 23 April 2010 at 4:33 am

sovereignguide (author) said:

Hello Vera

Without seeing the sovereign it would be very difficult to put a value on it, the slightest scratch can make a difference to the value. What I can tell you is that it isn’t one of the rare dates. Your best option would be to go to a reputable coin dealer, auctioneer or museum and see what they say. Bear in mind that the coin dealer may well make you an offer which would be below market value. Whatever you do, don’t sell it without getting at least 2 independant valuations.

# 3 May 2010 at 9:50 am

Les Langridge said:

Hello,

I have two cased gold coin sets, both issued by the Royal Mint.

1. The Half-Sovereign Collection 1900 – 1915 – A Golden Finale
COA issue No.001 ( 16 coins )

2. The Royal Sovereign Collection
COA issue No.1204 ( 21 coins )

Would you be able to give me some indication as to their current value?

Thanking you in advance

Les Langridge

# 11 May 2010 at 8:00 pm

sovereignguide (author) said:

Hello

I have done some research and if the half sovereign collection is in mint condition then probably around £1,500 but this also depends on the fluctuating gold bullion price. When these sorts of sets are issued by a Mint they can be rather overpriced because of the packaging that they come in and because they appeal to to the offer of an instant collection, whereas if you were to search around one could probably buy the coins separately for less. There are a couple of auctions on eBay at the moment for these 2 collections so maybe you could see what they went for and go from there.

# 15 May 2010 at 12:31 pm

Tina said:

I have a 1914 gold sovereign coin that was given to me as a ’special’ gift. It doesn’t appear to have a mint marking. How much do you think it’s worth? Thanks.

# 24 August 2010 at 4:40 pm

sovereignguide (author) said:

Hello Tina

As with most sovereigns it is very difficult to give an accurate price without seeing it. For starters it could be a half or full sovereign depending on the size, a full sovereign having a diameter of 22mm and half sovereign 19mm and of course therefore less gold content. As a general guide to value take the current price of gold (which you can find at http://www.goldprice.org) and multiply it by the gold content. The gold content of a full sovereign is 0.235 Troy oz and a half sovereign is 0.118. The current price is USD 1230 per ounce therefore your sovereign could be worth around $289. However that is just for the gold content, your best bet is to take it to a reputable jeweller, auctioneer or specialist coin dealer so that they can give you an accurate appraisal. Don’t be surprised if they offer you a deal, just make sure it’s a good one if you wish to sell.

# 24 August 2010 at 5:48 pm

stevo said:

I have a 1923 pretoria mint in mint condition id like to much its worth? thank you

# 31 August 2010 at 4:39 am

sovereignguide (author) said:

Hello Stevo

Without seeing it to examine the coin carefully it would be very hard to determine the value. Your best course of action is to go to a numismatics site such as Cointoday.com or a reputable coin dealer/auctioneer who would be able to give you a considered valuation. Be aware that they may well offer to buy it from you so if you choose to do this, make sure you get a couple of valuations before going ahead. Alternatively you could try visiting PCGS.com. Bear in mind that even if the sovereign is in mint condition, the value also depends on the scarcity and demand of the coin

# 31 August 2010 at 1:55 pm