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The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling but in practice used as a bullion coin.
Named after the English gold sovereign, last minted in 1604, the name was revived with the Great Recoinage of 1816.[1] Minting these new sovereigns began in 1817. The gold content then was fixed at 113 grains (7.322 g), equivalent to 0.2354 troy ounce, a weight which has remained constant to the present day.[2]
Sovereigns were minted in the United Kingdom from 1817 to 1917, in 1925, and from 1957. Australia, India, Canada, and South Africa all occasionally minted the coins.
In addition to the sovereign, the Royal Mint also struck ten-shilling half sovereigns, two-pound double sovereigns, and five-pound quintuple sovereigns coins. Only the sovereign and the half sovereign were commonly struck for circulation.
In 2009, The Royal Mint released a new coin in the sovereign series: the quarter-sovereign, similar in some ways to the original gold English crown of the rose.
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