1918 Gold Sovereign "I"

[Nickclark1988]

Hey guys. First time posting in this section. I came across a gold sovereign that was passed down to me. Not knowing much about the old school coins, I was just wondering about the info someone can give me on the coin. History, worth, production...



http://imageshack.com/a/img443/8886/w30x.jpg (http://imageshack.com/i/cbw30xj)Uploaded with ImageShack.com (http://imageshack.com)

http://imageshack.com/a/img571/7398/bfvp.jpg (http://imageshack.com/i/fvbfvpj)Uploaded with ImageShack.com (http://imageshack.com)

[AndyE89]

Very interesting coin in forms of history.

The sorveign has changed in design numerous times throughout its life. The first one said to have been minted by King Henry VII in 1489.

The mints have all changed throughout the years.

London: 1817–1917, 1925, 1957 onwards
Melbourne: 1872–1931
Sydney: 1855–1926
Perth: 1899–1931
Bombay: 1918 only
Ottawa: 1908–1919
Pretoria: 1923–1932

The London mint was responsible for all Gold coinage, until WWI, when its supply was too short.The British mint in Bombay took up the contract for that year, due to the demand that India had for Gold coinage. That year 1.3 million or so were struck, more than ever for one given year.

The Obverse (front) pictures King George V and the back is, I believe, the figure of VICTORY riding on horse back.

The coin you have, from what I can tell is in fair condition. (I would need more pictures) Not great condition, some wear and chipping near the rim and on the back side. The front looks a little worn as well, but clear.

I would put it around XF-40 So around 360-375 dollars. It may be in better condition, then it would be more around the 500 dollar range.

[ima_do_me213]

Value not graded looks to be around $370-385. Would probably go up if it got a decent grade. Approx 1.3 million were made. The I stands for India it was made in Bombay 1918 was the only year they were produced in Bombay. U can see more info here

Sovereign (British coin) - Wikipedia, the free encyclopedia (http://en.m.wikipedia.org/wiki/Sovereign_(British_coin))

[Nickclark1988]

Very interesting coin in forms of history.

The sorveign has changed in design numerous times throughout its life. The first one said to have been minted by King Henry VII in 1489.

The mints have all changed throughout the years.

London: 1817–1917, 1925, 1957 onwards
Melbourne: 1872–1931
Sydney: 1855–1926
Perth: 1899–1931
Bombay: 1918 only
Ottawa: 1908–1919
Pretoria: 1923–1932

The London mint was responsible for all Gold coinage, until WWI, when its supply was too short.The British mint in Bombay took up the contract for that year, due to the demand that India had for Gold coinage. That year 1.3 million or so were struck, more than ever for one given year.

The Obverse (front) pictures King George V and the back is, I believe, the figure of VICTORY riding on horse back.

The coin you have, from what I can tell is in fair condition. (I would need more pictures) Not great condition, some wear and chipping near the rim and on the back side. The front looks a little worn as well, but clear.

I would put it around XF-40 So around 360-375 dollars. It may be in better condition, then it would be more around the 500 dollar range.

Value not graded looks to be around $370-385. Would probably go up if it got a decent grade. Approx 1.3 million were made. The I stands for India it was made in Bombay 1918 was the only year they were produced in Bombay. U can see more info here

Sovereign (British coin) - Wikipedia, the free encyclopedia (http://en.m.wikipedia.org/wiki/Sovereign_(British_coin))


Thanks guys. Really interesting information. Yea not sure my shitty camera is doing the coin any justice. May try to polish it up a bit. This is a type of coin worth sending in for grading right?

[AndyE89]

DO NOT CLEAN IT!!!

Please do not clean it. ANY collector value is gone, and you may as well just shoot for bullion price.

[Nickclark1988]

DO NOT CLEAN IT!!!

Please do not clean it. ANY collector value is gone, and you may as well just shoot for bullion price.

:eek: thanks! Grade it out and should I accept any grade or shoot for a minimum?

[AndyE89]

No minimum, worst case scenario you will have a mid end graded coin. Its value is still in gold, so the risk vs reward isn't too critical.

[smackvay]

:eek: thanks! Grade it out and should I accept any grade or shoot for a minimum?

gonna cost about $100 to get it graded:)!
people think getting cards graded is expensive let them try getting coins graded

if interested in selling shoot me a pm as im always a buyer or we can trade