Edward VIII became King on the death of his father, George V, on 20 January 1936. But by his own decision his reign lasted only 326 days and abdicated on 11 December 1936 in order to marry divorcee Wallis Simpson.
No coins were ever released to the public. Patterns were made and trial sets were produced but no production coins. They were dated 1937 as the production coins were due to be released on 1st January 1937.
The Obverse shows a portrait of King Edward VIII. One thing which is unexpected was that Edward’s portrait faced left. The tradition is that monarch’s heads alternate facing right and left. George V faced left so Edward VIII should face right. Even George VI assumed the tradition had been maintained as his too faced left.
This anomaly was at the request of the Edward himself; he decided that his left side was more flattering as it showed the parting of his hair. He also chose the portrait by Humphrey Paget over that of William McMillan.
For more about this coin see 1937 Edward VIII Gold Sovereign Sells for £1 million – and here’s Why.
The Reverse shows Benedetto Pistrucci’s famous portrayal of St George and the dragon.
Images used by permission of The Royal Mint
Mintage: 6 (may include coins in sets)
Minted at The Royal Mint.
There was a growing problem with the monarchy. Edward wanted to marry Wallis Simpson, a twice-divorced American. Parliament was against it and as the King is also head of the Church of England it was unacceptable (in 1936) to marry a divorcee. Edward had another solution: he would no longer be King. So on 11 December 1936 he abdicated the throne and went on to marry Wallis. Edward’s younger brother became King George VI.
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 1937 Sovereign - Edward VIII Pattern was minted at The Royal Mint.
The Obverse is the Monarch's head (Edward VIII (abdicated)) 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: Edward VIII (abdicated)
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 1937 Sovereign - Edward VIII Pattern, 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.
Formed in the reign of Alfred the Great about the year 886, during the period 1279-1812 it was generally referred to as The Tower Mint as it was housed at the Tower of London. The Master of The Royal Mint has included famous figures such as Sir Isaac Newton.
Since 2010 it has operated as Royal Mint Ltd, a company owned by HM Treasury, under an exclusive contract to supply all coinage for the UK although it also produces medals and coins for other countries. It is currently located at Llantrisant, Wales.
There is also an on-line shop at The Royal Mint Shop.
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.
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Restrike Edward VIII 1937 Pattern Sovereign
Restrike Edward VIII 1937 Pattern Sovereign