In today's world there are many important coins that collectors love to get their hands. One of the most popular types of coins is the British gold coin. These are coins that originated some 500 years ago and still produced today. It's the British Gold Sovereign Coins' beauty and their interesting history that fascinates.
British Gold Sovereign first coins were minted in 1489 in honor of King Henry VII When these coins werefirst manufactured 96% of them gold, that is, they were 23 karat. Reduced Henry VIII but the gold content of 92% or 22 carat. That's what's has considered the gold standard (Gold Crown), today both in the United States and in England.
The actual weight of the British sovereign to be further reduced, more and more until it closed in less than one quarter of one troy ounce (0.2354) in 1816. This is the weight of a British gold coin cointoday.
The British rulers continue to be made, but today it was engaged for many years on a few points in history. From 1604 to 1817 other coins were to replace the British Sovereign gold coins. The coins were produced, rather than contain guineas, bay leaf and States United States. Even the British Goldsovereigns not produced between the years 1933-1956.
Although sovereign coins were more than one billion times marked by the last centuriesthis figure is actually misleading. This is because, during the Victorian times the Bank of England would be taken to remove half sovereigns and princes from the market. They would then these coins and make them into new coins. This means that there are far less gold British monarch in existence.
Moreover, these coins were often used by England in order to be paid in debt to other countries. Then, if the other country was the ruler, they would melt down the coin for the gold. It is clear produces a result far fewer coins available.
What this means is that not very many rulers for collectors. In fact, it is estimated that only about 1% of the coins produced were still in mint condition. The scarcity of the coins, along with its rich history, makes sovereign coins of great value to many collectors.
Perhaps the most interesting part of their history is the use of the coins as "emergency money". During World War II fighter pilots - both> British and American - carried sovereigns if they crashed during the battle. This piece of military history makes it especially valuable for some rulers collector.
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