United Kingdom Gold Sovereign
The sovereign is a gold coin of the United Kingdom (*Great Britain), with a nominal value of one pound sterling. Prior to 1932 it was a fully circulating coin within Britain’s then Gold Standard currency. Today it is used as a bullion coin and is sometimes mounted in jewellery.
Named after the English gold sovereign, last minted in 1604, the name was revived with the Great Recoinage of 1816. Minting these new sovereigns began in 1817. The gold content was fixed by the coin act of 1816 at 1320/5607 (0.235420) troy ounces (7.322381 g), nearly equivalent to 113 grains. This weight has remained almost constant to the present day — rounding at 10-6 g took place on its legal redefinition in the decimalized rather than fractional system of coin weights.
Sovereigns have been minted in the United Kingdom from 1817 to 1917, in 1925