Sovereign (English coin)
Encyclopedia
The English gold sovereign was a gold coin
of the Kingdom of England
first issued in 1489 under King Henry VII
. While the coin typically had a nominal value of one pound sterling
, or twenty shilling
s, the sovereign was primarily an official piece of bullion and had no mark of value on its face. The name derives from the large size and majestic portrait of the monarch, with the obverse of the first sovereigns showing the king full face, sitting on a throne, while the reverse shows the Royal Arms of England and a Tudor
double rose
.
The first sovereigns were of 23-carat
(95.83%) gold and weighed 240 grains
, or half a troy ounce
. King Henry VIII
lessened the gold content to 22 carats, or 91.67%, and under the name of crown gold
this became the gold coin standard in both the British Isles and the United States. The coin's weight was reduced several times until it was last minted in 1604. Unites
, Laurels
, broads, and guineas
later took its place.
Gold coin
A gold coin is a coin made mostly or entirely of gold. Gold has been used for coins practically since the invention of coinage, originally because of gold's intrinsic value...
of the Kingdom of England
Kingdom of England
The Kingdom of England was, from 927 to 1707, a sovereign state to the northwest of continental Europe. At its height, the Kingdom of England spanned the southern two-thirds of the island of Great Britain and several smaller outlying islands; what today comprises the legal jurisdiction of England...
first issued in 1489 under King Henry VII
Henry VII of England
Henry VII was King of England and Lord of Ireland from his seizing the crown on 22 August 1485 until his death on 21 April 1509, as the first monarch of the House of Tudor....
. While the coin typically had a nominal value of one pound sterling
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...
, or twenty shilling
Shilling
The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...
s, the sovereign was primarily an official piece of bullion and had no mark of value on its face. The name derives from the large size and majestic portrait of the monarch, with the obverse of the first sovereigns showing the king full face, sitting on a throne, while the reverse shows the Royal Arms of England and a Tudor
Tudor dynasty
The Tudor dynasty or House of Tudor was a European royal house of Welsh origin that ruled the Kingdom of England and its realms, including the Lordship of Ireland, later the Kingdom of Ireland, from 1485 until 1603. Its first monarch was Henry Tudor, a descendant through his mother of a legitimised...
double rose
Tudor rose
The Tudor Rose is the traditional floral heraldic emblem of England and takes its name and origins from the Tudor dynasty.-Origins:...
.
The first sovereigns were of 23-carat
Carat (purity)
The karat or carat is a unit of purity for gold alloys.- Measure :Karat purity is measured as 24 times the purity by mass:where...
(95.83%) gold and weighed 240 grains
Grain (measure)
A grain is a unit of measurement of mass that is nominally based upon the mass of a single seed of a cereal. From the Bronze Age into the Renaissance the average masses of wheat and barley grains were part of the legal definition of units of mass. However, there is no evidence of any country ever...
, or half a troy ounce
Troy weight
Troy weight is a system of units of mass customarily used for precious metals, gemstones, and black powder.There are 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. The troy ounce is 480 grains, compared with the avoirdupois ounce,...
. King Henry VIII
Henry VIII of England
Henry VIII was King of England from 21 April 1509 until his death. He was Lord, and later King, of Ireland, as well as continuing the nominal claim by the English monarchs to the Kingdom of France...
lessened the gold content to 22 carats, or 91.67%, and under the name of crown gold
Crown gold
Crown gold is a 22 karat gold alloy, introduced in England for gold crown coin manufacture in 1526 . It is 22/24 = 0.91667 fine or 91.667% gold....
this became the gold coin standard in both the British Isles and the United States. The coin's weight was reduced several times until it was last minted in 1604. Unites
Unite (English coin)
The Unite was the second English gold coin with a value of twenty shillings or one pound first produced during the reign of King James I. It was named after the legends on the coin indicating the king's intention of uniting his two kingdoms of England and Scotland...
, Laurels
Laurel (English coin)
The Laurel was the third English gold coin with a value of twenty shillings or one pound produced during the reign of King James I. It was named after the laurel that the king is portrayed as wearing on his head, but it is considerably poorer in both quality and style than the Sovereign and Unite...
, broads, and guineas
Guinea (British coin)
The guinea is a coin that was minted in the Kingdom of England and later in the Kingdom of Great Britain and the United Kingdom between 1663 and 1813...
later took its place.