Australia Gold Sovereign
Australian Gold Sovereign were struck between 1855 and 1870 feature the”Sydney Mint” design.
From 1871 through 1931 , Imperial Sovereigns minted in Australia are identical to those struck elsewhere, except for the distinctive Sydney (S), Melbourne (M) or Perth (P) Mintmark.
History of the Gold Sovereign
The sovereign was unique among coins in that it had no denomination, or currency value printed on the coin. Its value was tied to the pound Sterling, which was tied to the gold standard of £3/17s/10 1/2d for a standard ounce of gold. It contained one pound’s (£1) worth of gold (20 shillings), or, 22 carat gold weighing 0.2354 troy oz, a fraction under 1/4 oz.
For this reason it rapidly became an accepted and preferred means of payment by the various merchants around the world, such as the Chinese silk traders, American tobacco sellers and Indian spice merchants.
When the price of gold rose in the 1920s, the gold in sovereigns was worth more than the coin’s face value. This value rose to 28 shillings in 1932. In 1931 general production of sovereigns ceased worldwide, and 1933 was the first time in more than a 100 years that no sovereigns were produced anywhere in the Empire.
Why Buy Australia Sovereigns?
Australian Sovereigns are the rarest and most sought after Sovereigns in the world today, with institutions such as Rothschilds in London taking the time to piece together a complete collection.
Sovereign Gold Coins are recognized worldwide and have been used as “emergency money” for decades. Allied World War II pilots carried British Gold Sovereigns in their survival kits.