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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 examples struck in preparation for the coinage of Edward VIII are highly prized; one sold in 2021 for £1,654,000, the highest price paid for a British coin. Since 1980, the five-pound gold piece has been struck in most years by the Royal Mint for sale to collectors and holders of bullion.
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.
Where does the price of gold stand today? The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is equivalent to ...
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
The gold price was determined to be £4 18/9 (GBP 4.9375) per troy ounce. The New York gold price was US$19.39. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane.