The 1924 Gold Sovereign Sydney - George VGold Sovereign minted at the Royal Mint Sydney Branch in 1924.
With a mintage of only 394,000 the 1924 Sovereign usually sells at a premium price.
The small 'S' just above the date indicates that this coin was minted at the Sydney Mint in New South Wales, Australia.
The edge is milled.
The Reverse shows St George and the dragon, designed by Benedetto Pistrucci.
The Obverse shows a portrait of King George V by Sir Bertram Mackennal.Coin shown graded as AU58.
Image credit: The Royal Mint
Mintage: 394,000 (may include coins in sets)
Minted at The Sydney Mint
SCBC: 4003
Below are some coins currently being offered on eBay. As an eBay Partner, We may be compensated if you make a purchase.
 | 1924-S King George V Gold Sovereign (Sydney) £ 2,750.00 |
 | 1924 Gold Sovereign, George V, Melbourne mint £ 795.00 |
 | SCARCE 1885 DATE SYDNEY MINT VICTORIA YOUNG HEAD SHIELD BACK FULL SOVEREIGN GEF £ 665.00 |
 | 1892s Gold Victoria Jubilee Head Full Sovereign - Sydney Mint £ 639.12 |
 | 1875 Queen Victoria Young Head Gold Sovereign (Sydney) £ 795.00 |
 | 1874 Queen Victoria Young Head Gold Sovereign (Sydney) £ 795.00 |
 | 1887 Queen Victoria Gold Sovereign £ 1,021.62 |
 | 1937 BRITISH SOVEREIGN 22CT GOLD PLATED LARGE COIN KING GEORGE VI £ 14.23 |
In USA: The President is Calvin Coolidge (R-Massachusetts), who is the first President to deliver a radio broadcast from the White House. There is no vice-President. It's the Prohibition era (1919–1933) and the Roaring Twenties (1920–1929). J. Edgar Hoover is becomes head of the FBI. Metro Goldwyn Mayer (MGM) is founded in California. It's the first Macy's Thanksgiving Day Parade in New York.
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).
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 1924 Gold Sovereign Sydney - George V was minted at The Sydney Mint.
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 1924 Gold Sovereign Sydney - George V, 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.
The orignal coinage was Pounds, Shillings and Pence but since decimalisation on 15 February 1971, it is £1 = 100p, that is One Pound = 100 pence. The coinage of the UK is also a long history, the Royal Mint being established as long ago as 886AD when coins were hammered. Today there is perhaps 30 billion coins in circulation, and many (numismatic) collectors coins and sets are issued frequently in gold, silver and other metals.