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British Sterling Currency - Numismatics,
Sovereign
For Reference ONLY
Everything For The Detectorist
George V 1910-1936 AD
Royal Monarchy
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INFORMATION - DATA
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Sovereign
Sovereign
United Kingdom
Value: 1 pound sterling
Mass: 7.98 g
Diameter: 22.05 mm
Thickness: 1.52 mm
Edge: Milled (some not intended for circulation have plain edge)
Composition: .917 gold, .083 copper or other metals: Gold - .2354 troy oz
Years of minting: 1817-present
Mint marks: Various. Found on reverse on exergue between design and date for Saint George and the Dragon sovereigns, and under the wreath for shield back sovereigns.
As Britain moved towards war in the July Crisis of 1914, many sought to convert Bank of England notes into gold, and the bank's reserves of that metal fell from £27 million on 29 July to £11 million on 1 August. Following the declaration of war against Germany on 4 August, the government circulated one-pound and ten-shilling banknotes in place of the sovereign and half sovereign. Restrictions were placed on sending gold abroad, and the melting-down of coin made an offence. Not all were enthusiastic about the change from gold to paper: J.J. Cullimore Allen, in his 1965 book on sovereigns, recalled meeting his first payroll after the change to banknotes, with the workers dubious about the banknotes and initially asking to be paid in gold. Allen converted five sovereigns from his own pocket into notes, and the workers made no further objection. Conversion into gold was not forbidden, but the Chancellor, David Lloyd George, made it clear that such actions would be unpatriotic and would harm the war effort. Few insisted on payment in gold in the face of such appeals, and by mid-1915, the sovereign was rarely seen in London commerce. The coin was depicted on propaganda posters, which urged support for the war.
United Kingdom
Value: 1 pound sterling
Mass: 7.98 g
Diameter: 22.05 mm
Thickness: 1.52 mm
Edge: Milled (some not intended for circulation have plain edge)
Composition: .917 gold, .083 copper or other metals: Gold - .2354 troy oz
Years of minting: 1817-present
Mint marks: Various. Found on reverse on exergue between design and date for Saint George and the Dragon sovereigns, and under the wreath for shield back sovereigns.
As Britain moved towards war in the July Crisis of 1914, many sought to convert Bank of England notes into gold, and the bank's reserves of that metal fell from £27 million on 29 July to £11 million on 1 August. Following the declaration of war against Germany on 4 August, the government circulated one-pound and ten-shilling banknotes in place of the sovereign and half sovereign. Restrictions were placed on sending gold abroad, and the melting-down of coin made an offence. Not all were enthusiastic about the change from gold to paper: J.J. Cullimore Allen, in his 1965 book on sovereigns, recalled meeting his first payroll after the change to banknotes, with the workers dubious about the banknotes and initially asking to be paid in gold. Allen converted five sovereigns from his own pocket into notes, and the workers made no further objection. Conversion into gold was not forbidden, but the Chancellor, David Lloyd George, made it clear that such actions would be unpatriotic and would harm the war effort. Few insisted on payment in gold in the face of such appeals, and by mid-1915, the sovereign was rarely seen in London commerce. The coin was depicted on propaganda posters, which urged support for the war.
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