How to Find Out the Value of Your Sovereign Coins

What is the face value of a Gold Sovereign?

Gold Sovereign coins have a face value of £1, as that was its numerical value at the time of circulation. However, the face value of a Sovereign does not reflect its true value at this point in time. For example, the British Gold Sovereign is one of the most famous coins in the world, first introduced into circulation in 1489, while King Henry VII reigned. While the coin may have a face value of £1, this was based on old currency values. Uncirculated bullion coins have a real value based on the pure gold content, meaning the coin is worth a lot more than £1.

Other factors that affect Gold Sovereign Prices

Giving you the true value of your sovereign coins is not as easy as it would seem. While many Sovereigns are worth their bullion value, some Sovereigns have a bigger, numismatic value. The true value of your coin can also be dependent on:

• The year the coin was minted
• The Royal Mint branch that produced it
• The number of coins produced at that mint that year
• Total number of coins remaining from that mint of that year
• If the coin was a bullion or proof issue coin
• The condition of your coin

Sovereign Heads & Reverse Designs

From George IV, up to today’s fifth portrait of Queen Elizabeth II, the modern gold sovereign has witnessed the rule of several monarchs, and some sovereign coins featuring certain sovereign head portraits tend to be more valuable than others.

In 1891, all gold coins struck before the Victorian era had been recalled when demonetisation came into effect, meaning many early sovereign coins from the era of George III and William IV are scarcely seen today, making them more valuable.

The sovereign was discontinued completely during WWI; however, a proof set of sovereign coins were created for the reign of Edward VIII in 1937. These were never released due to the King’s abdication the following year. These coins are very rare and have previously fetched extremely high prices in auctions.

Sovereign Mint Marks & Die Numbers

Some sovereigns are considered rare because very few were produced in a specific location. Gold sovereign coins were produced in Royal Mint branches across the world during only the late 19^th century up until the early 20^th century. Including the usual production in London, Royal Mint also had branches in Australia, Canada, South Africa, and India. Certain dates from some of these branch mints are in high demand by collectors which can make them worth more, so it’s definitely worth checking to see if your coin features a mint mark from one of these countries. These marks are seen as a very small single letter pertaining to each mint and can usually be found stamped into the design of the coin.

How is a Sovereign Coin Value Calculated?

A gold Sovereign is literally worth its weight in gold, which is known as its bullion value. A gold Sovereign coin weighs 7.98g and is minted in 22ct gold, meaning it is made up of 91.67% fine gold. Each sovereign contains 7.32 grams of fine gold.

The bullion value of your Sovereign is found by multiplying the fine gold content by the spot price at that time.

The price of gold changes constantly, so it's worth keeping an eye on the latest prices to find the best time to sell your coins. You can see the latest gold prices in the header at the top of the page or visit our dedicated live gold price and live silver price pages.