Gold Sovereign Coin Value

Old british sovereign gold coins contain exactly 0 23542 oz 7 322381 g of gold and have face values of 1 each.

Gold sovereign coin value.

The british gold sovereign coin has been in existence for more than two centuries. Some people that are fortunate to inherit a large amount of this bullion coin may not know the actual value of a gold sovereign. Given the long. Recognized worldwide for its purity and historical significance the british gold sovereign coin is minted in 22 karat gold.

Gold sovereign coin history however goes back to 1489 and the reign of king henry vii. The british sovereign containing 2354 troy ounces of gold content can generally be purchased for less than half the premium of the similar sized 1 4 troy ounce american eagle gold bullion coin you won t find a better buy for gold mint coins with this great combination of small size and recognizability. The bullion value of a gold sovereign is calculated at 7 31 x the price per gram of the prevailing gold price. The initials b p.

It can also be calculated at 0 235 x the gold price per troy ounce. The current version was initially issued by the royal mint in 1817 having gold content purity of 22 carats for a face value of 1 pound. Free shipping worldwide on all orders over 400 excluding bullion subscriptions 30 day refund 100 guaranteed 30 day guarantee secure. If you re selling the price you will get paid is the sovereign gold bullion value which is calculated based on the coin s gold content and the current price of gold since 1816 sovereign coins have contained 0 235420 troy ounces of pure gold 7 322381g.

A bullion gold sovereign is currently worth 345 93 445 28 380 09. The value of a victorian gold sovereign will be at a premium or discount to this benchmark with the first step being to multiply the ounce spot price by 0 2354 which is the gold weight of a sovereign coin in ounces. The sovereign coin price as said earlier depends on the weight because as explained in previous paragraphs the size of the gold was reduced from period to. This can be compared to buying junk silver which also have low premiums for the specific.

Value of gold sovereigns.