Two of Five 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!
Today. Queen Victoria from 1891 and 1892.
Last post showed three sovereigns from the first decade of the twentieth century,King George V sovereigns and one King Edward VII.
A sovereign is equivalent to one pound sterling or ten shillings (120 pence)
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 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 but thinner.
The tails side of these coins has Saint George slaying a dragon on horseback - detail below.
Queen Victoria was on these coins only until 1901.
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 them. I buy them for their value if melted. When I get a rare one, bonus!
Here is the dragon slayer up close.
These coins are all 22k or .9166 (91.66% pure) gold. Sovereigns weigh 7.98gr. (0.2304 oz. troy)
Pure gold, marked .9999 or 99.99% pure, is currently worth $1222 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.
Anything is better than just plain paper.
Cheers