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British Sterling Currency - Numismatics,
Five Pounds
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Five Pounds
Victoria 1837-1901 AD
Royal Monarchy
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Victoria
Description 1: 1838 Queen Victoria, Gold Full Sovereign Coin
Exceptional Grade and Rare
SPINK:3852
Mint: London
Weight: 8 g
Material: 22 Carat Gold
Description 2: 1887 £5 Queen Victoria, Gold Five Pound Sovereign Coin
Mint: London
Weight: 40 g
Material: 22 Carat Gold
Exceptional Grade and Rare
SPINK:3852
Mint: London
Weight: 8 g
Material: 22 Carat Gold
Description 2: 1887 £5 Queen Victoria, Gold Five Pound Sovereign Coin
Mint: London
Weight: 40 g
Material: 22 Carat Gold
In 1887, the typical die life for the five pound coin was around 200 strikes. As the reported mintage was 54,000 pieces, excluding proofs, this would work out at around 270 pairs of dies, although we would have expected the obverse die life to be longer than that of the reverse.This means that the number of die variations could be very high.
It would also have been expected that a large number of coins would be seen with noticeable die cracks, but this is actually uncommon with this coin issue. From this, one could theorise that the Mint changed dies very frequently as they may have considered these coins important as Britain's highest value "flagship" coin. It has been suggested to us that this was not known to be the case. This remains, for the time being, an interesting numismatic mystery which may one day be solved.
It would also have been expected that a large number of coins would be seen with noticeable die cracks, but this is actually uncommon with this coin issue. From this, one could theorise that the Mint changed dies very frequently as they may have considered these coins important as Britain's highest value "flagship" coin. It has been suggested to us that this was not known to be the case. This remains, for the time being, an interesting numismatic mystery which may one day be solved.
In 1887, a larger quantity of five pound coins was produced on the occasion of Queen Victoria's Golden Jubilee. They were produced in proof editions, and for the first time, a normal circulation type version. Similarly in 1893, two versions of the five pound piece were produced to mark the change to the "Old Head" coin issues.
In 1902 there was a coronation issue of coins which included another five pound coin, again in two versions.
Only small numbers of five pound coins turn up which show much sign of having been used in circulation. These are all from the three issues of 1887, 1893, and 1902. It is evident from this that the five pound gold piece was never really much used, and certainly not in everyday transactions. Future issues were never used for circulation.
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