Double Sovereign Gold Coin
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Melt Value: Double Sovereign Gold Coin
This gold coin contains 0.471 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one Double Sovereign Gold Coin is $1293.36 based on today's gold spot price.
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The double sovereign gold coin is a British coin with a face value of two pounds sterling (£2). It is part of the Sovereign family of gold coins.
Each double sovereign is struck from 22KT (.917 Fine Gold) and has a weight of 15.98 grams and contain 0.4708 troy ounces of gold.
The obverse of the coin typically features a portrait of the reigning monarch during the year of minting, while the reverse showcases the traditional image of St. George slaying the dragon. Double sovereigns are sought after by collectors and investors for their historical significance, design variety, and intrinsic gold value.
During the expansion of the British Empire, the sovereign became the predominant circulating gold coin during the classical gold standard period. Its role in the empire was not just monetary but also symbolic, representing the empire's financial stability and its ability to back its currency with gold. The sovereign's status as a reliable gold coin made it a preferred medium of exchange and store of value, contributing to the empire's economic strength and influence.
It was minted in various locations, including Bombay (1918), Canada (1908-1919), Perth (1899-1931), Melbourne (1872), Sydney (1871), and Pretoria (1923). The sovereign's widespread acceptance and usage in international trade help to facilitate Britain's global economic dominance.
| Weight | 0.4708 oz |
| Country | Great Britain |
| Type | Gold Coin |
| Mint | The Royal Mint |
| Purity | .9167 fineness |
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