GOLD British Sovereigns

The Sovereign is a .235 Troy Ounce gold coin of the United Kingdom, with a nominal value of one pound sterling. Struck from 1817 until the present time, it was originally a circulating coin accepted in Britain and elsewhere in the world; it is now a bullion coin   In most recent years, it has borne the well-known design of Saint George and the Dragon on the reverse—the initials (B P) of the designer, Benedetto Pistrucci, may be seen to the right of the date.

From the 1850s until 1932, the sovereign was also struck at colonial mints, initially in Australia, and later in Canada, South Africa and India—they have been struck again in India since 2013 (in addition to the production in Britain by the Royal Mint) for the local market.

Pros: Because it is a foreign fractional gold coin, the British Sovereign was exempt from Confiscation in the US. In Fact, US Pilots would carry 5 gold sovereigns in their emergency kits in the event they were shot down. Since the coin is universally recognized, it was ideal behind enemy lines for survival.

In 1913 US Dollars, one gold Sovereign would buy about $470 worth of groceries in today’s dollars.

Cons: None

Recommendations: Sovereigns are one the most practical ways to own gold.

 

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Each 20 Franc is  .1867 troy ounces of pure gold
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