History of the British Sovereign

The first British sovereign was minted in 1489 under Tudor King Henry VII. The first coin has on one side the monarch sitting on the thrown facing the crowd. This is how the coin got its name.

Sovereigns were struck in 1509 for Henry VIII. The reason is that Henry embarked in a spending that was too much and he needed to raise revenue. This excessive spending led to a flow of gold and silver in Europe. He is also responsible for debasing and devaluating British money when he decided to reduce the precious metal content from 23 karats to 22 karats.

The design that can be found on the sovereigns now is that of St. George slaying a dragon and the monarch on the front. This design was introduced about 200 years ago in 1816 under George III. Until Britain renounced at gold standard in 1932 the sovereign were minted continuously up to that date. The most well known British sovereigns have been minted during the reign of Edward VII and George V. They are probably the most appreciated pre-1933 gold coins.

As the British Empire expanded under Queen Victoria during the 1800s the sovereigns became the best known and the most widely distributed gold coin in the world. In 1816 the sovereign as we know it today was minted. In the beginning it was only minted in London but as South Africa and Australia became gold producers, it started to be minted all over the world. During late 1800s and early 1900s mints in Pretoria, Bombay, Ottawa, Melbourne, Sydney and Perth minted hundred and thousands of sovereigns.

Gold sovereigns circulated as money all over the world. They helped create and preserve the strength of the British Empire. Sovereigns can still be found today and they are most valuable. If you consider investing in this special metal, this could be a good way of doing just that. Of course, purchasing physical gold can also be done in other ways

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