1894 Gold Sovereign Melbourne


The 1894 Gold Sovereign - Melbourne Mint

This sovereign was made at the Melbourne Mint, Victoria, Australia. This is indicated by a small 'M' just above the date.

St George and the dragon, designed by Benedetto Pistrucci, is on the reverse.

Obverse is Queen Victoria, old head (veiled head) by Thomas Brock.

Image credit: Museums Victoria.


Mintage: 4,166,874 (may include coins in sets)
Minted at The Melbourne Mint.
Remember 1894 ?
Monarch is Queen Victoria. Prime Minister is William Ewart Gladstone (Liberal) who resigns and then from 5th March is Archibald Primrose, 5th Earl of Rosebery (Liberal). US President is Grover Cleveland (D-New York). Tower Bridge in London opened. Blackpool Tower opened. Michael Marks and Thomas Spencer open the first Marks & Spencer store in Manchester. Coca-Cola is sold in bottles for the first time. Milton S. Hershey creates the Hershey Chocolate Company in Lancaster, Pennsylvania.
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.

Category: Sovereigns
The 1894 Gold Sovereign Melbourne 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 (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 1894 Gold Sovereign Melbourne was minted at The Melbourne 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 1894 Gold Sovereign Melbourne, 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
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List items on:

GOLD SOVEREIGN  1894 M  MELBOURNE
GOLD SOVEREIGN 1894 M MELBOURNE
£ 445.00
Solid Gold 22k Full Sovereign 1894  M (Melbourne)
Solid Gold 22k Full Sovereign 1894 M (Melbourne)
£ 460.00
1894-M Queen Victoria Widow Head Gold Sovereign (Melbourne)
1894-M Queen Victoria Widow Head Gold Sovereign (Melbourne)
£ 475.00
Australia 1894 Melbourne Veiled Head  Sovereign - PCGS MS62
Australia 1894 Melbourne Veiled Head Sovereign - PCGS MS62
£ 645.71
Australia.  1894 Melbourne - Sovereign..  Full Lustre - aU-UNC
Australia. 1894 Melbourne - Sovereign.. Full Lustre - aU-UNC
£ 671.54
Australia.  1894 Melbourne - Sovereign..  Much Lustre - EF/gEF
Australia. 1894 Melbourne - Sovereign.. Much Lustre - EF/gEF
£ 516.57
Australia 1894 M Gold Sovereign AU Melbourne Mint Victoria St. George
Australia 1894 M Gold Sovereign AU Melbourne Mint Victoria St. George
£ 494.87

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