1918 Gold Sovereign India


The 1918 Gold Sovereign. India Mint.

The 1918 Indian Sovereign depicts Benedetto Pistrucci’s famous portrayal of St George slaying the dragon can be seen on the reverse of the coin. A small ‘I’ just above the date indicates the sovereign was produced in Bombay, India.

This was the only year a sovereign was struck in India. This was because in 1914 Germany were targeting boats carrying gold from South Africa to London, so gold was secretly shipped to India so they could make the sovereigns. As WWI ended in 1918 sovereign, this covert operation was no longer required so 1918 was the only year they did this.

King George V’s portrait can be seen on the obverse of the coin.

1,294,352 sovereigns were struck at the Bombay Mint in 1918.

 



Mintage: 1,294,352 (may include coins in sets)
Minted at The Mumbai Mint, India.
Remember 1918 ?
The Monarch is King George V. Prime Minister is David Lloyd George (Coalition). US President is Woodrow Wilson (D-New Jersey). On 11 November World War I finally ends with Germany signing an armistice agreement with the Allies. Representation of the People Act gives women the vote provided they are over 30. The Royal Flying Corps and the Royal Naval Air Service are merged to form the Royal Air Force. The GPO (General Post Office) raises ordinary letter rate to 1½d, ending the Uniform Penny Post which had existed since 1840.
George V (1910-1936)
George V was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936 and was King during World War 1. George was the second son of Albert Edward, Prince of Wales (later King Edward VII), and grandson of Queen Victoria. After his death he was succeeded by his eldest son, Edward VIII.

In 1919-20, the Silver price rose dramatically so .925 silver coins began to made in 0.500 siver. Gold Sovereigns were produced in large quantities early in George's reign - over 30 million in 1911 and again in 1912, although there was no bullion sovereigns issued 1918-1924 (Commonwealth mints did continue mintage).
General Description: Sovereigns
The 1918 Gold Sovereign India 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 1918 Gold Sovereign India was minted at The Mumbai Mint, India.

The Obverse is the Monarch's head (George V) 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: George V

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 1918 Gold Sovereign India, 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 Mumbai Mint, India
The Indian mint at Mumbai was originally known as the Bombay Mint.
Country of Origin: India
India is a vast South Asian country with diverse terrain – from Himalayan peaks to Indian Ocean coastline – and history reaching back 5 millennia.
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:
1918 King George V India Bombay Mint Full Gold Sovereign, Capsulated And Cased.
1918 King George V India Bombay Mint Full Gold Sovereign, Capsulated And Cased.
£ 539.00
1918 Gold Sovereign Bombay India Mint
1918 Gold Sovereign Bombay India Mint
£ 645.00
1918 FULL GOLD SOVEREIGN, BOMBAY MINT, INDIA. MS63, NGC GRADED
1918 FULL GOLD SOVEREIGN, BOMBAY MINT, INDIA. MS63, NGC GRADED
£ 575.00
India: British india. George V gold Sovereign 1918-I MS63 NGC
India: British india. George V gold Sovereign 1918-I MS63 NGC
£ 609.96
India: British india. George V gold Sovereign 1918-I MS63 PCGS
India: British india. George V gold Sovereign 1918-I MS63 PCGS
£ 636.14
1918 King George V India Bombay Mint Full Gold Sovereign,Slabbed Cased Certified
1918 King George V India Bombay Mint Full Gold Sovereign,Slabbed Cased Certified
£ 600.00
WWI 1918 India Mint Gold British Sovereign George V BU Rare World War One Issue
WWI 1918 India Mint Gold British Sovereign George V BU Rare World War One Issue
£ 462.25
India: British India. George V gold Sovereign 1918-I MS63 PCGS.
India: British India. George V gold Sovereign 1918-I MS63 PCGS.
£ 607.12

List of items on: