1903 Gold Sovereign LON

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M J Hughes Coins are always interested in buying and selling coins like the 1903 Gold Sovereign London. Selling to me means that you do not have to pay sellers fees, Paypal fees or any other transaction fees. I will give you an immediate offer and pay you the same day. Single coins or entire collection. If you have something and want to sell then please email us or telephone us.

The 1903 Gold Sovereign. London Mint.

The reverse shows George and the Dragon.

Mintage: 8,888,627 (may include coins issued as part of a set). Minted at The Royal Mint.
In the Year: 1903
Monarch is King Edward VII who is proclaimed Emperor of India. Prime Minister is Arthur Balfour (Conservative). Theodore Roosevelt is US President. Daily Mirror launched as a newspaper for women, run by women. "Typhoo Tipps" tea first marketed. Rock Sand wins the English Triple Crown by winning the Epsom Derby, 2,000 Guineas and St Leger.
General Description: Sovereigns
The 1903 Gold Sovereign London is an example of the Gold Sovereign and is one of the most ubiquitous of all coins and much sought after by both coin collectors and bullion investors. Sovereigns have been minted since 1817 (in Britain 1817-1917, 1925 and 1957 on). At coins fairs you often hear the dealers refer to these coins as Sovs.

Besides being minted in Britain, Sovereigns have been made in Australia (Melbourne, Sydney, Perth), India (then Bombay, now Mumbai), Canada (Ottowa) and South Africa (Pretoria) although these regional mints have not made sovereigns since 1932. The non-British coins carry a small mintmark ('S','M','P','I','C' or 'SA') just above the date. This 1903 Gold Sovereign London was minted at The Royal Mint.

The Obverse is the Monarch's head (Edward VII) and the Reverse is most often St George and the Dragon, although other backs have been used and are of interest to collectors. The Reverse often gives the Sovs a new term, like "ShieldBacks".

Specifications for the Gold Sovereign
 
  • Weight: 7.9881g
  • Diameter: 22.05 mm
  • Thickness: 1.52 mm
  • Purity: 22 carat = 91.67% (11/12ths gold, 1/12th copper. Adding copper makes the coin more scratch and dent resistant)
  • Gold Content: 113 grains = 7.3224 g = 0.2354 troy ounce
  • Face value: £1 = 20 shillings
  • Monarch: Edward VII

History

Up until 1604 there was a coin called the English gold sovereign and in 1816 when there was the "Great Recoinage" the name was revived. At that time standard gold (22 carat) was valued at £46 14s 6d per troy pound; this meant a £1 coin needed to weigh 123.2744783 grains or 7.988030269 g. The weight is still the same today.

As a historical note: to maintain the Gold Standard, in 1816 the value of silver was set at 66 shillings for one troy pound and silver coins were only legal for denominations up to £2.

The first sovereigns carried the head of King George III and the famous George and the Dragon design by Benedetto Pistrucci (29 May 1783 – 16 September 1855), an Italian engraver who became chief medallist at the Royal Mint.

With high value coins such as the 1903 Gold Sovereign London, collectors and bullion investors often worry about forgeries but actually gold coins are very difficult to forge due to gold's unique properties of density and colour. Gold is extremely dense and to use another metal and gold-plate it would result in a coin that is under-weight, over-diameter or half as thick, something that would be spotted very easily. More difficult to spot would be a bullion coin melted down and re-cast as a highly collectable date, but an expert can usually tell these too. You should always use reputable dealers.

Which Mint: The Royal Mint
The Royal Mint is the designated place for the UK to mint coins. It dates back well over 1000 years and is a Government-owned company. 

Formed in the reign of Alfred the Great about the year 886, it moved to the Tower of London in 1279 and remained there for over 500 years. The Master of The Royal Mint has included famous figures such as Sir Isaac Newton. Since 2010 it has operated as Royal Mint Ltd, a company owned by HM Treasury, under an exclusive contract to supply all coinage for the UK although it also produces medals and coins for other countries. It is currently located at Llantrisant, Wales.
The Monarch: Edward VII (1901-1910)
Edward VII was King of the United Kingdom and the British Dominions and Emperor of India from 22 January 1901 until his death in 1910. Edward was the eldest son of Queen Victoria and Prince Albert of Saxe-Coburg and Gotha. Edward married Princess Alexandra of Denmark in 1863.

Five Pound, Two Pound and Crowns were only released in 1902. The 1902 Proof set for the Coronation is unusual in that it had a Matt finish. Gold Sovereign mintages were high during the reign of Edward VII, averaging more than 10 million per year which makes them fairly common even today.
Country of Origin: United Kingdom
The United Kingdom (UK) is the Union of England, Scotland, Wales and Northern Ireland. It is often refered to as Great Britain (GBR). It has a long, rich history.

It's orignal coinage was Pounds, Shillings and Pence but since decimalisation on 15 February 1971, it is £1 = 100p, that is One Pound = 100 pence. The coinage of the UK is also a long history, the Royal Mint being established as long ago as 886AD when coins were hammered. Today there are perhaps 30 billion coins in circulation, and many (numismatic) collectors coins and sets are issued frequently in gold, silver and other metals.

M J Hughes Coins are interested in buying your 1903 Gold Sovereign London! Selling to me means that you do not have to pay sellers fees, Paypal fees or any other transaction fees. I will give you an immediate offer and pay you the same day. Single coins or entire collection. There are a number of ways you can sell to us:
 

 Visit our Shop in Alton

We have a town centre shop called 'M J Hughes Coins' at 27 Market Street, Alton, Hampshire, GU34 1HA. See a details of opening times and how to get there on the Visit our Shop page.
 

 Post to Us

Most people who sell to us prefer to post via Royal Mail Special delivery, which is a guaranteed, signed-for, insured delivery. Usually we will make payment the same day. For details of how to send to us see How to Post to Us
 

 Meet in Person

We understand not everyone has access to transport to come to us, or get to the Post office. If you have a sizeable collection we are happy to do a home visit to you. We also attend various Coin Fairs every month. If you prefer this way, please see How to Meet Us page.

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