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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.
The sovereign was a gold coin of the Kingdom of England first issued in 1489 under King Henry VII. The coin had a nominal value of one pound sterling, or twenty shillings. The sovereign was primarily an official piece of bullion and had no mark of value on its face. Nonetheless, it was the country's first coin to be valued at one pound. [1]
The Royal Mint continues to produce sovereigns, as well as quarter sovereigns (introduced in 2009), half sovereigns, double sovereigns and quintuple sovereigns. Between 1987 and 2012 a series of bullion coins, the Britannia , was issued, containing 1 troy ounce (31.1 g), 1 ⁄ 2 ounce, 1 ⁄ 4 ounce and 1 ⁄ 10 ounce of fine gold at a ...
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
[1] The fifth branch of the Royal Mint began issuing sovereigns on 15 August using gold shipped from South Africa (thereby avoiding war-time naval blockades). Under the new Deputy Master, R. R. Kahan, 1,294,372 Sovereigns were struck at the branch mint in Bombay, distinguished from other Sovereigns by the inclusion of a small ‘I’ mint mark ...
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