1874 Gold Sovereign Melbourne


The 1874 Gold Sovereign. Melbourne Mint. St George is on the reverese.


Mintage: 1,373,298 (may include coins in sets)
Minted at The Melbourne Mint.
Remember 1874 ?
Monarch is Queen Victoria. Prime Minister is William Ewart Gladstone (Liberal), then on 20 February it is Benjamin Disraeli (Conservative). US President is Ulysses S. Grant (R-Ohio). Factory Act establishes 56-hour working week and prevents child chimney sweeps. Thomas Hardy publishes Far from the Madding Crowd.
Victoria (1837-1901)
Victoria was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until her death. From 1 May 1876, she adopted the additional title of Empress of India. Victoria ruled for 64 years, a record only recently surpassed by Queen Elizabeth II.
 
Victoria's parents were Prince Edward, Duke of Kent and Strathern, and Princess Victoria of Saxe-Coburg-Saalfeld. She married Albert of Saxe-Coburg and Gotha, who later became known as Prince Albert. Victoria had nine children, the eldest son succeeding her as Edward VII.


Victoria posed for a number of head portraits, but there are generally three major variants: Young Head (1838-1887) by William Wyon, RA; Jubilee Head (1887-1893) by Sir Joseph Edgar Boehm and Old Head (1893-1901) by by Sir Thomas Brock.

Category: Sovereigns
The 1874 Gold Sovereign Melbourne is an example of the Gold Sovereign and is one of the most ubiquitous of all coins and much sought after by both coin collectors and bullion investors. Sovereigns have been minted since 1817 (in Britain 1817-1917, 1925 and 1957 on). At coins fairs you often hear the dealers refer to these coins as Sovs.

Besides being minted in Britain, Sovereigns have been made in Australia (Melbourne, Sydney, Perth), India (then Bombay, now Mumbai), Canada (Ottawa) and South Africa (Pretoria) although these regional mints have not made sovereigns since 1932 (although India has produced some recently in a private mint partnership with the Royal Mint). The non-British coins carry a small mintmark ('S','M','P','I','C' or 'SA') just above the date. This 1874 Gold Sovereign Melbourne was minted at The Melbourne Mint.

The Obverse is the Monarch's head (Victoria) and the Reverse is most often St George and the Dragon, although other backs have been used and are of interest to collectors. The Reverse often gives the Sovs a new term, like "ShieldBacks".

Specifications for the Gold Sovereign
 
  • Weight: 7.9881g
  • Diameter: 22.05 mm
  • Thickness: 1.52 mm
  • Purity: 22 carat = 91.67% (11/12ths gold, 1/12th copper. Adding copper makes the coin more scratch and dent resistant)
  • Gold Content: 113 grains = 7.3224 g = 0.2354 troy ounce
  • Face value: £1 = 20 shillings
  • Monarch: Victoria

History

Up until 1604 there was a coin called the English gold sovereign and in 1816 when there was the "Great Recoinage" the name was revived. At that time standard gold (22 carat) was valued at £46 14s 6d per troy pound; this meant a £1 coin needed to weigh 123.2744783 grains or 7.988030269 g. The weight is still the same today.

As a historical note: to maintain the Gold Standard, in 1816 the value of silver was set at 66 shillings for one troy pound and silver coins were only legal for denominations up to £2.

The first sovereigns carried the head of King George III and the famous George and the Dragon design by Benedetto Pistrucci (29 May 1783 – 16 September 1855), an Italian engraver who became chief medallist at the Royal Mint.

With high value coins such as the 1874 Gold Sovereign Melbourne, collectors and bullion investors often worry about forgeries but actually gold coins are very difficult to forge due to gold's unique properties of density and colour. Gold is extremely dense and to use another metal and gold-plate it would result in a coin that is under-weight, over-diameter or half as thick, something that would be spotted very easily. More difficult to spot would be a bullion coin melted down and re-cast as a highly collectable date, but an expert can usually tell these too. You should always use reputable dealers.

Which Mint: The Melbourne Mint
The Melbourne Mint, Victoria, Australia, opened around 1872 and was originally a branch of the Royal Mint in London. From 1872 to 1916 the Melbourne Mint minted only gold sovereigns, but from 1927 to 1967 it produced all Australian coins.
Country of Origin: Australia
Australia is a country and continent surrounded by the Indian and Pacific oceans. Australia used pounds, shillings and pence until 1966, when it adopted the decimal system with the Australian dollar divided into 100 cents. The 1oz Silver coins are a particular favourite with collectors around the World and feature the famous Australian animals such as Kookaburra, Kangeroo and Kaola.
If you don't see a coin in the list below try the Sovereigns page on eBay UK
As an eBay Partner, We may be compensated if you make a purchase.

List items on:

Rare & Valuable UK 50p Coins Fifty Pence Circulated Beatrix Potter Olympics WWF
Rare & Valuable UK 50p Coins Fifty Pence Circulated Beatrix Potter Olympics WWF
£ 219.99
50p Coins UK Rare Fifty Pences Circulated Beatrix Potter Olympics WWF NHS
50p Coins UK Rare Fifty Pences Circulated Beatrix Potter Olympics WWF NHS
£ 3.69
50P COINS CIRCULATED/UNCIRCULATED ROYAL MINT BRITISH COIN HUNT - VARIOUS
50P COINS CIRCULATED/UNCIRCULATED ROYAL MINT BRITISH COIN HUNT - VARIOUS
£ 4.05
Olympic 50p Coins-London 2012 Fifty Pence Coins-Football-Triathlon-WWF-NHS 50p
Olympic 50p Coins-London 2012 Fifty Pence Coins-Football-Triathlon-WWF-NHS 50p
£ 1.90
London Olympic 2012 50p Coins - Triathlon Football Judo Wrestling - FREE POSTAGE
London Olympic 2012 50p Coins - Triathlon Football Judo Wrestling - FREE POSTAGE
£ 149.99
Premier Padded Clear Coin Capsules Holder Storage Crown Display Case £2 50P € UK
Premier Padded Clear Coin Capsules Holder Storage Crown Display Case £2 50P € UK
£ 199.95
UK Fifty Pence Coins 50p Proof Bunc Circulated choose year & grade LARGE 1969-97
UK Fifty Pence Coins 50p Proof Bunc Circulated choose year & grade LARGE 1969-97
£ 69.95

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List items on:

1874 Queen Victoria Australian Melbourne Mint Full 22ct Gold Sovereign Coin
1874 Queen Victoria Australian Melbourne Mint Full 22ct Gold Sovereign Coin
£ 550.00
Scarce,  1874 Shield back 1 Full Sovereign Melbourne Mint Good Condition
Scarce, 1874 Shield back 1 Full Sovereign Melbourne Mint Good Condition
£ 725.00
1874 Melbourne Shield Sovereign Extremely Fine
1874 Melbourne Shield Sovereign Extremely Fine
£ 623.76
1874-M Australia Gold Sovereign Coin, Victoria Young Head, Graded AU55 by NGC
1874-M Australia Gold Sovereign Coin, Victoria Young Head, Graded AU55 by NGC
£ 617.60
1874 M Australia Victoria Young Head Shield Sovereign Gold Coin- NGC MS 62
1874 M Australia Victoria Young Head Shield Sovereign Gold Coin- NGC MS 62
£ 1,950.05
1874-M Australia Gold Sovereign Queen Victoria 1874 Melbourne
1874-M Australia Gold Sovereign Queen Victoria 1874 Melbourne
£ 593.06

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