1918 Gold Sovereign CAN

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M J Hughes Coins are always interested in buying and selling coins like the 1918 Gold Sovereign Canada. 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 1918 Gold Sovereign. Canada Mint.

Mintage: 106,570 (may include coins issued as part of a set). Minted at The Canadian Mint.
General Description: Sovereigns
The 1918 Gold Sovereign Canada 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 1918 Gold Sovereign Canada was minted at The Canadian Mint.

The Obverse is the Monarch's head (George V) 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: George V

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 1918 Gold Sovereign Canada, 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 Canadian Mint
The Royal Canadian Mint is a Crown corporation of Canada.
The Monarch: George V (1910-1936)
George V was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936 and was King during World War 1. George was the second son of Albert Edward, Prince of Wales (later King Edward VII), and grandson of Queen Victoria. After his death he was succeeded by his eldest son, Edward VIII.

In 1919-20, the Silver price rose dramatically so .925 silver coins began to made in 0.500 siver. Gold Sovereigns were produced in large quantities early in George's reign - over 30 million in 1911 and again in 1912, although there was no bullion sovereigns issued 1918-1924 (Commonwealth mints did continue mintage).
Country of Origin: Canada
Canada is a North American country stretching from the U.S. in the south to the Arctic Circle in the north. It is part of the British Commonwealth although it has been virtually independent of Britain since 1931. Canada is home to about 35 million people, with the official languages of both English and French. The currency is the Canadian Dollar (CAD $) which is equivalent to 100 cents. Canadian coins carry the head of the British Monarch and are often associated with the Canadian symbol of the Maple Leaf. The Canadian Silver Dollar is refererred to as a Silver Maple and is one of the puriest silver coins minted at 0.9999 silver.

M J Hughes Coins are interested in buying your 1918 Gold Sovereign Canada! 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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