Gold Sovereign

The Gold Sovereign is a significant investment as it has maintained its high value for many centuries.

Since it was first produced in 1489, the Gold Sovereign has contributed majorly to the development of the international economy, especially in difficult and unstable times. It has kept its lustre and investment glamour over the centuries and to this day has a particularly high commercial value.

BUYING AND SELLING GOLD POUNDS

The buying and selling of a gold pound is one of the most commercial activities as its value remains consistently high. Trading in gold pounds benefits both sellers and buyers at the same time.

At Oragold we treat every transaction with extreme care, respect and professionalism. Whether you want to buy an authentic sterling gold pound or sell a gold coin, you already own you can be assured of a secure transaction and the best possible price.

We value British gold pounds without charge and buy them instantly without time-consuming procedures but always with legality and transparency. 

In addition, we sell authentic British gold pounds at competitive prices and with immediate pickup from our stores. 

Authenticity, Dimensions & Specifications:

  • Condition
  • Weight
  • Date and Mintage

Each official gold pound has specific specifications. The obverse depicts the King of England and the reverse shows St George on horseback slaying the dragon. On some rare occasions the reverse depicts the royal coat of arms of the United Kingdom.

The dimensions of the gold pound are absolutely specific and relate to a criterion for assessing them and differentiating them from any copies. Specifically, the weight of each gold pound is 7.99 g, the diameter is 22 mm, the thickness is 1.52 mm, and the carat is 22.

The pure gold contained in each gold pound is 7.32 grams or 0.235 ounces.

VALUATION OF GOLD SOVEREIGN

Each British gold pound is valued by ORAGOLD’ s experts with absolute precision and professionalism. The purchase price is determined after considering the following factors: 

Condition

If the coin has dents or if its features have been altered, then it is considered defective in appearance and the price is adjusted accordingly. If, however, it has no dents and its characteristics remain unchanged, then it will be valued at its maximum value.

Weight

The weight of the British gold pound varies from 7.94 g to 8 g. This variation is considered normal and does not affect the price. However, if it weighs less than 7.39 g, it is considered underweight.

The date and mintage

The date of minting, which is written on the gold pound, and the number of coins released (mintage) by the specific mint affect the price of the pound. Some pounds that are considered rarer (e.g. minted in a limited number) have a higher value and attract more interest from collectors.

The gold pound mints

Production of the pounds began at the London Mint and continued at the same time at other Commonwealth branches such as Australia, Canada, South Africa and India, each with its own distinctive symbol. The S indicates that the coin was minted in Sydney, the M in Melbourne, the P in Perth, the SA in South Africa, the I in India, the C in Canada and so on. It is worth noting that sterling produced in London is unmarked.

Pistrucci original sketch of Gold Sovereign

Special Features

Each genuine pound is distinguished by its detailed and impressive design. The engravings on the gold are carried out with precision and give a truly flawless result. Great engravers-creators create designs on the gold pound. William Wyon (1795 - 1851), Benedetto Pistrucci (1783 - 1855) and Thomas Brock (1847 - 1922) created some of the most vivid and detailed engravings. All original pounds bear the initials of their makers on the obverse, usually on the neck of the king or queen.

UK Gold Pounds

George III

George IV

Victoria

Edward

George V

Elizabeth

Half a pound

Fiver

George III Gold Sovereigns

George III was King of the United Kingdom and Ireland until his death in 1820. In 1817 he commissioned the Italian engraver Benedetto Pistrucci to design the new gold pound of England. Pistrucci created the reverse of the coin with St George and the dragon, a design that is still used today.

Year 1817-1820
Weight 7,99 g
Diameter 22 mm
Thickness 1,52 mm
Purity 916