Mar 2012


Mar 2012

About the Full Sovereign Victoria Gold Coin

By StoneX Bullion

Characteristics of the Full Sovereign Victoria

The full Sovereign Victoria, issued by the Royal Mint from 1837 until 1901, is an excellent investment opportunity and will continue being so. The Victoria Sovereign will continue to raise an interest among investors, collectors, history buffs, and enthusiasts all over the world. The sovereigns are recognized all over the world for their value and for being a form of monetary exchange for more than 500 years.

The full Sovereign Victoria belongs to the category of the modern sovereign gold coins that have been minted beginning with 1817. That was the year when the monetary reform decided that the Sovereign should replace the Guinea. The full Sovereign Victoria became legal in the United Kingdom with the face value of one pound sterling but in practice it was regarded as bullion gold coin sought after by investors, collectors, and coins enthusiasts.

The full Sovereign Victoria has the standard characteristics of all other full sovereign gold coins in what concerns its diameter, its weight, and the alloyed from which it is made. The 22.05 diameter full Sovereign Victoria gold coins weigh 7.968 grams out of which the gold weighs 7.32 grams or 0.235420 troy ounces of pure gold. This weight that is the equivalent of 113 grains and that has remained the same until present day was fixed by the coin act of 1816. The Victoria Sovereign has 22 karat purity or 91.76% fineness and the rest of 8.33% is copper.

Design of the Full Sovereign Victoria

The full Sovereign Victoria is the first Queen illustrated on the obverse of a sovereign gold coin the second being Queen Elisabeth II. The obverse of the coin has gone through three changes as the Queen became older. There are three portraits illustrated on the full Sovereign Victoria: a younger bust of Queen Victoria who was on the sovereigns minted between 1838 and 1887 and was also known as the Young head; after that appeared Queen Victoria wearing a coronet for the sovereigns of 1887 and this appearance was called the Jubilee head; the last portrait of the full Sovereign Victoria was illustrated on the sovereigns minted from 1893 until 1901 known as the Old head. The last sovereigns depict a mature looking and crowned Queen Victoria.

The reverse of the full Sovereign Victoria, unlike the obverse, has only two depictions. One of them is the standard reverse of all sovereigns, the mythical slaying of the dragon by St. George. The other illustration features a shield also known as the Shield Back.

The combinations in which the Victoria Sovereign gold coins have been issued are the following: on the obverse the Young head and the shield between 1838 and 1887, the Young head and St George between 1871 and 1887, the Jubilee head on the obverse and St George with the dragon on the reverse starting with 1887 and ending in 1893, and from that on until 1901 it was depicted the Old head and St George and the dragon on the reverse.

Buying the Full Sovereign Victoria

The sovereigns in general are a great form of investment because they ensure privacy to investors; they do not have to be reported to the I.R.S. Therefore, the full Sovereign Victoria is a perfect and beautiful way to invest in it.

The premium of the full Sovereign Victoria depends on the quality of the coin, how well it has been preserved especially since we are talking of coins that are more than 100 years old. It also depends on the number of the issued sovereigns, their availability, that’s why premiums may differ.

We offer the full Sovereign Victoria, which is a sought after gold coin by investors and numismatists alike because it is one of the oldest coins, at the affordable price of $424.08, the price of the sovereigns being exempt of VAT.