1886 Gold Sovereign SYD


The 1886 Gold Sovereign. Sydney Mint. St George is on the reverese.


Mintage: 1,667,000 (may include coins in sets)
Minted at The Sydney Mint.
Remember 1886 ?
Monarch is Queen Victoria. Prime Minister is Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (Conservative), then on 1st February it is William Ewart Gladstone (Liberal) then from 25th July is Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (Conservative) again. US President is Grover Cleveland (D-New York), who marries Frances Folsom in the White House, the only president to marry in the executive mansion. First Crufts dog show held in London.
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.

General Description: Sovereigns
The 1886 Gold Sovereign Sydney 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 (Ottowa) and South Africa (Pretoria) although these regional mints have not made sovereigns since 1932. The non-British coins carry a small mintmark ('S','M','P','I','C' or 'SA') just above the date. This 1886 Gold Sovereign Sydney was minted at The Sydney 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 1886 Gold Sovereign Sydney, 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 Sydney Mint
The Sydney Mint in Sydney, New South Wales, Australia, is the oldest public building in the Sydney Central Business District. It stopped making gold sovereigns about 1926.
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

List of items on:

UK On eBay UK:
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Rare Two £2 Pound Coin UK Coins Olympics Commonwealth NI Navy Bible Mary Rose
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2022  50 years of Pride Brilliant Uncirculated  50p Coin With Coloured Decal
2022 50 years of Pride Brilliant Uncirculated 50p Coin With Coloured Decal
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2022 Platinum Jubilee HM Queen BU 50p Coin Pack Brilliant Uncirculated
2022 Platinum Jubilee HM Queen BU 50p Coin Pack Brilliant Uncirculated
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CHEAPEST 50p COINS FIFTY PENCE KEW GARDENS BEATRIX POTTER OLYMPICS BREXIT
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£ 26.99
50P COINS CIRCULATED/UNCIRCULATED ROYAL MINT BRITISH COIN HUNT - VARIOUS
50P COINS CIRCULATED/UNCIRCULATED ROYAL MINT BRITISH COIN HUNT - VARIOUS
£ 4.49

List of items on:


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USA On eBay USA:


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