The Gold n Pawn

Sovereign Gold

A Brief History Of Gold

Gold has a place in history regardless of the country of origin. Perhaps it has to do with the fact that gold is seen as a common currency in every country in the world. Gold sees no boundaries. History states that gold coins have been minted since around 670 BC when King Gyges of Turkey minted some gold coins for his personal currency when traveling. The Roman Legions were apprehensive when Julius Caesar first issued gold coins as payment for their service. However, the tune soon changed when the legions realized that the gold coins actually increased in value.

Today, bouillon gold coins have a face value that is pretty much just symbolic. The true value of a gold bouillon is the gold weight by content and the ever-fluctuating price of gold on the world market. A one-ounce gold coin is worth the market value of one ounce of gold minus around 5% for minting and shipping. Of course, bouillon coins come in various common weights: 1/20 of an ounce, 1/10 of an ounce, 1/4 of an ounce, 1/2 of an ounce and finally a one-ounce coin. Gold bouillon is a legal tender and gold coins are guaranteed authentic by the country of origin. Almost anyone can purchase and sell gold coins because of the diverse market acceptance.

In 1489, King Henry VII introduced the first gold currency into the world market. In Britain during World War I, Britain issues banknotes because gold bouillon was needed to finance the war. Soon, these banknotes completely replaced the use of gold sovereign. The gold sovereign ceased gold mint production in 1917 and started again in 1925. Then production was stopped for World War I and restarted in 1957.

There are many famous finds of gold in various regions of the world. These gold finds caused huge gold rushes. Gold rushes caused large amounts of people to migrate to these areas. Such places as the Klondike Gold Rush of Alaska, which occurred at Forty-Mile creek in 1886. In August of 1869, gold was then discovered at Bonanza Creek – a part of Klondike River, Yukon Territory. In the one-year starting in the winter of 1896 and ending in 1897, miners pulled out millions of dollars in gold bouillon. In the year 1915, over $50 million USD was exported from Alaska to the United States. The 1898 gold rush was a modern event. With the addition of media, the gold rush had world wide media coverage. This media coverage sent people rushing to the gold locations.

The history of gold is an amazing display of human endurance. It is estimated that only 120 to 140 thousand tons of gold is available above ground. Surprisingly, there is only $1.8 trillion USD total in gold above the ground. Compare that to the total US debt of almost $7 trillion USD. In addition, only $375 billion USD is held in reserves at banks around the world; $1.3 trillion USD in gold is owned by private parties.

About the Author

Steve Thomas writes about
gold
history and runs a gold related resource website at
www.golda.co.uk

finding Victorian gold Sovereign with metal detector

RARE 1886 M SHIELD 22K GOLD ONE SOVEREIGN AUSTRALIAN COIN GRADED aUNC CV $38,000 $24,593.22

RARE 1860 SYDNEY MINT 22K GOLD HALF SOVEREIGN AUSTRALIA COIN GRADED gEF CV$41500 $22,661.24

RARE 1887 M SHIELD 22K GOLD ONE SOVEREIGN AUSTRALIAN COIN GRADED CH UNC CV$29500 $22,621.82

1856 Queen Victoria HALF SOVEREIGN Gold Coin Sydney – Australia EXTRA RARE $18,990.00

1887 – 2002 GOLDEN JUBILEE ELIZ II VICTORIA SOVEREIGN GOLD 8 COIN SET BOX COA $16,399.95

Henry VIII Hammered Gold Sovereign coin, First Coinage $13,500.00

1889 “S” Gold Half Sovereign – Unc High Grade – All Details Crisp !! Rare $13,306.95

1887 “S” Gold Half Sovereign – GEM – All Details Crisp ! Jubilee Head $9,857.00

AUSTRALIA 1859 PCGS AU-58 QUEEN VICTORIA SYDNEY TYPE II FULL GOLD SOVEREIGN $8,500.00

1887 Melbourne R3 Queen Victoria Shield Full Gold Sovereign $8,300.00

RARE GENUINE 1856 SYDNEY MINT 22K GOLD HALF 1/2 SOVEREIGN AUSTRALIAN COIN gVFaEF $7,639.18

QEII 5th Head Full Gold Sovereign Collection -2000-2012 $7,045.00

2012 UK 5 COIN GOLD PROOF SOVEREIGN SET – NEW DIAMOND JUBILEE REVERSE DESIGN $6,787.39

2012 ROYAL MINT ST GEORGE SOVEREIGN GOLD PROOF 5 COIN SET BOX COA $6,699.95

SCARCE GENUINE 1857 SYDNEY MINT 22K GOLD HALF 1/2 SOVEREIGN AUSTRALIAN COIN g-EF $6,692.90

1880 Melbourne R2 Queen Victoria Shield Full Gold Sovereign $6,500.00

2002 ROYAL MINT GOLDEN JUBILEE SHIELD SOVEREIGN GOLD PROOF 4 COIN SET BOX COA $6,499.95

2005 ROYAL MINT MODERN ST GEORGE SOVEREIGN GOLD PROOF 4 COIN SET BOX COA $6,399.95

1887 ‘TINY JEB’ – HOOKED J – R2 QUEEN VICTORIA JUBILEE GOLD SOVEREIGN $5,999.00

GENUINE RARE 1860 SYDNEY MINT 22K GOLD FULL SOVEREIGN AUSTRALIA COIN EF CV $9100 $5,864.92

2011 ROYAL MINT ST GEORGE SOVEREIGN GOLD PROOF 5 COIN SET BOX COA $5,799.95

2010 ROYAL MINT ST GEORGE SOVEREIGN GOLD PROOF 5 COIN SET BOX COA $5,699.95

2009 ROYAL MINT FIRST YEAR OF ISSUE SOVEREIGN GOLD PROOF 5 COIN SET BOX COA $5,599.95

1858 Australia (SYDNEY) GOLD 1/2 HALF SOVEREIGN :NGC XF45: McDonalds CV $8500 $5,500.00

12 BU QUEEN ELIZABETH GOLD SOVEREIGN BRILLIANT UNCIRCULATED $5,499.00

2000 ROYAL MINT MILLENNIUM ST GEORGE SOVEREIGN GOLD PROOF 4 COIN SET BOX COA $5,399.95

QEII Gold Pre-Decimal Sovereign Set (10 COIN 1957-1968) $5,395.00

2008 ROYAL MINT ST GEORGE SOVEREIGN GOLD PROOF 4 COIN SET BOX COA $5,299.95

2005 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $5,286.10

QUEEN VICTORIA GOLD SHIELD FULL SOVEREIGN, INVESTMENT PACK OF 12, GOOD CONDITION $5,135.90

2005 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $5,095.00

2002 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $5,095.00

NICE E.F. 1859 Victoria Gold Shield Sovereign – RARE ANSELL $5,056.96

2006 ROYAL MINT ST GEORGE SOVEREIGN GOLD PROOF 4 COIN SET BOX COA $5,034.95

2004 ROYAL MINT ST GEORGE SOVEREIGN GOLD PROOF 4 COIN SET BOX COA $5,034.95

1887 Victoria Melbourne Early Head Gold Half Sovereign NGC EF-45 Graded R3 Marsh $4,999.00

ERROR 1859 SYDNEY MINT 22K GOLD SOVEREIGN AUSTRALIAN COIN GRADED gEF/AU CV $8100 $4,879.22

GOLD COIN SOVEREIGN 5 COIN SET PROOF 69 2010 $4,899.00

BRAND NEW 2011 5 COIN GOLD PROOF SOVEREIGN SET (£5-QTR) $4,895.00

1990 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,812.01

2010 Gold Proof 5 Coin Sovereign Set (£5 – Qtr) $4,695.00

1993 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,645.00

1982 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,645.00

10 BRITISH KING GEORGE PRE-1933 BU GOLD SOVEREIGN COINS $4,599.00

10 BRITISH KING EDWARD PRE-1933 BU GOLD SOVEREIGN COINS $4,599.00

1992 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

1995 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

1996 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

1990 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

1991 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

1994 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

1998 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,595.00

2008 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,495.00

2003 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,495.00

2001 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,495.00

2004 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,495.00

2006 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,495.00

2007 QE2 4 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $4,495.00

GENUINE SCARCE 1867 SYDNEY MINT 22K FULL GOLD SOVEREIGN AUSTRALIAN COIN NGC MS61 $4,484.94

AUSTRALIA 1858 QUEEN VICTORIA SYDNEY TYPE II FULL GOLD SOVEREIGN $4,300.00

1985 UNITED KINGDOM GOLD COIN PROOF SET 5-2 POUNDS 1 – 1/2 SOVEREIGN 22CART RARE $4,299.00

PGS05 1984 UK 3 COIN GOLD PROOF SOVEREIGN SET – W/ COA! $4,108.78

NEW FIND AUSTRALIA 1888M JUBILEE HEAD TYPE1 GOLD SOVEREIGN COIN SOLID UNC $5250+ $4,189.23

RARE 1890S JUBILEE HEAD TYPE 1 AUSTRALIAN GOLD SOVEREIGN COIN GRADED UNC CV$4950 $3,893.52

QEII Full Gold Decimal Sovereign Set (7 COIN 1974-1982) $3,765.00

Great Britain 1838 Victoria gold Sovereign NGC XF-45 RARE DATE!! $3,749.99

1870 Sydney Gold Sovereign – Unc – All Details Crisp ! Rare – Type 2 $3,696.38

1883 Melbourne R2 Queen Victoria Shield Full Gold Sovereign $3,690.00

1996 SOVEREIGN GOLD SET BOXED WITH COA $3,634.69

1984 QE2 3 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $3,626.79

Australia 1860 Victoria Gold Sovereign PCGS AU-50 Rare Date in this quality $3,599.99

UK 2003 4 COIN 22CT GOLD PROOF SET FIVE POUNDS, TWO POUNDS, SOVEREIGN & HALF $3,555.68

2012 QE2 3 COIN GOLD PROOF SOVEREIGN SET (BOXED+COA) $3,547.77

QEII 5th Head Gold Half Sovereign Collection -2000-2012 $3,525.00

500th Anniversary of the First Gold Sovereign 1489-1989 $3,495.00

1984 QE2 3 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $3,495.00

2012 QE2 3 COIN GOLD PROOF SOVEREIGN SET (BOXED + COA) $3,375.00

2012 PREMIUM SOVEREIGN GOLD PROOF 3 COIN SET BOX COA – ISSUE 340 WORLDWIDE $3,324.95

1821 GEORGE IV ST GEORGE GOLD FULL SOVEREIGN COIN PCGS AU53 $3,324.95

1984 GREAT BRITAIN GOLD 3 COIN SOVEREIGN SET NGC PF69UC $3,250.00

1825 GEORGE IV SHIELD GOLD FULL SOVEREIGN COIN PCGS AU53 $3,134.95

Australia 1867 Victoria Gold Sovereign Sydney NGC MS-61 $2,999.99

1489-1989 500th ANNIVERSARY Gold Proof Sovereign Three Coin Set w/ Box & COA 3 $2,999.99

AUSTRALIA 1864 SYDNEY MINT RARE DAT SOVEREIGN GOLD COIN $2,999.99

AUSTRALIA SYDNEY MINT 1868 SOVEREIGN AU RARE GOLD COIN $2,999.99

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Russia, Pushkin Photo Mugs Russia, Pushkin. Gate detail and support towers at Catherine Palace. Credit as Nancy a Steve Ross / Jaynes Gallery / Danita Delimont….

Golden Lighting 1051-5 SBZ Hidalgo 5 Light Chandelier, Sovereign Bronze Finish $342.90 Golden Lighting’s Hidalgo Chandelier fixture – 1051-5 SBZ Transitional style Sturdy and rugged feel Spanish-influenced simple clean lines Warm Soverign Bronze finish complements both modern and rustic decors Warm glowing Regal glass looks like pillar candles A chandelier creates a stylish focal point Comfortably sized for a typical dining room Hidalgo Sovereign Bronze Width: 27.5 Height: 26 Chain …

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Livex 8601-30 Sovereign 2 Light Semi-Flush Mount Lighting in Crackled Greek Bronze With Aged Gold Accents This 2 60w Med light Ceiling Mount from the Sovereign collection by Livex will enhance your home with a perfect mix of form and function. The features include a Crackled Greek Bronze with Aged Gold Accents finish applied by experts. This item qualifies for free shipping! Check the right-hand bar or call our dedicated Sales Team for similar items and additional options not pictured….

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12 Volt Rv Prizm Surface Mount Overhead Halogen Light Gold Finish $9.99 This is the Prizm surface mount overhead halogen light in Gold finish. It comes with a 10 watt halogen light that has a .83 amp power draw. Includes Bees Eyes glass lens for intense light output. Extends only 1″ from the ceiling or mounting surface. 1″ Spacer ring can be remover for recess installation, which requires 1/2″ depth. Twist lock trim ring in hides mounting screws (included) for clean …

3102-Sovereign Gold License Plate Car Auto Novelty Front Tag by Carl Brenders from Airstrike $19.99 …

12.5 Oz. Sovereign Gold Metallic Spray Can Paint Kit for 1987 Jaguar All Models (341/GDF) $49.99 You are ordering a 12.5 Oz. Sovereign Gold Metallic Spray Can Paint Kit for 1987 Jaguar All Models (341/GDF). You MUST VERIFY YOUR VEHICLE’s COLOR CODE IS ‘341/GDF’ to ensure you are ordering the correct paint color. DO NOT order based on the product picture or color name on this page. Jaguar color codes are on the drivers door jamb and are three digits long. For older Jaguar models, the color cod…

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Photo Jigsaw Puzzle of The Weighing Office at the Bank of England. Enlarged View of from Mary Evans $29.99 Photo Puzzle, The Weighing Office at the Bank of England. Enlarged View of. Engraving of a detail of the Sovereign weighing machine invented by Mr Bate to deal with the crisis in light gold coinage in the early eighteen forties. Chosen by Mary Evans. 10×14 Photo Puzzle with 252 pieces. Packed in black cardboard box of dimensions 5 5/8 x 7 5/8 x 1 1/5. Puzzle image 5×7 affixed to box top. Puzzle pi…

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