1931 Gold Sovereign Perth


The 1931 Gold Sovereign. Perth Mint.

The Reverse of the coin depicts Benedetto Pistrucci’s famous portrayal of St George and the dragon. A small 'P' above the date indicates the sovereign was produced in Perth, Australia.

The Obverse shows a portrait of King George V (on the legend Latin spelling as GEORGIVS). The reverse was designed by Bertram Mackennal (initials B.M. at base of head).

Image credit: The Royal Mint.


Mintage: 1,173,567 (may include coins in sets)
Minted at The Melbourne Mint.
Remember 1931 ?
In UK: Monarch is King George V. Prime Minister is Ramsay MacDonald (Labour). The Pound Sterling comes off the gold standard. The Highway Code is first published.
In USA: President is Herbert Hoover (R-California). The Star-Spangled Banner is becomes the United States National Anthem. The Empire State Building is completed.
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 1931 Gold Sovereign Perth 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 1931 Gold Sovereign Perth was minted at The Melbourne 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 1931 Gold Sovereign Perth, 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

List of items on:

UK On eBay UK:
1931 Gold Sovereign Perth  Mint Scarce
1931 Gold Sovereign Perth Mint Scarce
£ 575.00
1931 Gold Sovereign Perth  Mint Scarce
1931 Gold Sovereign Perth Mint Scarce
£ 665.00
1918 P ~ Gold Sovereign Coin ~ Perth Australia ~ George V  ~ NGC  MS 62
1918 P ~ Gold Sovereign Coin ~ Perth Australia ~ George V ~ NGC MS 62
£ 499.99
1917 P ~ Perth Australia ~ George V ~ Gold Sovereign Coin ~ NGC  MS 62
1917 P ~ Perth Australia ~ George V ~ Gold Sovereign Coin ~ NGC MS 62
£ 499.99
1919 P ~ Perth Australia ~ George V ~ Gold Sovereign Coin ~ NGC  MS 63
1919 P ~ Perth Australia ~ George V ~ Gold Sovereign Coin ~ NGC MS 63
£ 499.99
Australia.  1931 Perth - Sovereign.  Full Lustre - aU-UNC
Australia. 1931 Perth - Sovereign. Full Lustre - aU-UNC
£ 563.45
Australia.  1931 Perth - Sovereign.  Full Lustre - aU/UNC
Australia. 1931 Perth - Sovereign. Full Lustre - aU/UNC
£ 662.05
Australia.  1931 Perth - Sovereign.  Full Lustre - UNC
Australia. 1931 Perth - Sovereign. Full Lustre - UNC
£ 633.88

List of items on: