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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.
In 1979, the Royal Mint struck sovereigns for sale to collectors. [12] The following year, it coined, also for collector sale, the sovereign as well as the half sovereign, double sovereign, and five-pound piece. These four denominations continued to be issued in most years, [13] sold at a premium to their gold value. [12]
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.
Sovereign: £1 Gold bullion coins, available in four other sizes too: quarter sovereign (25p), half sovereign (£ 1 / 2 ), double sovereign (£2) and quintuple sovereign (£5). Two pounds: £2 Issued as a commemorative coin from 1986 and in general circulation from 1998 (dated from 1997). Britannia: various values
British gold sovereign, as an emergency war issue, in 1918. There are many rare coins of this period which interests coin collectors. The 1939 rupee is the most expensive rupee, as after 1939 all silver coins effectively became less pure, due to the shortage of silver during World War II.
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.