Gold Coin Page

GaryD's Mucky Fingers

The Gold coin page

The gold sovereign came into existence in 1489 under King Henry VII, the half sovereign was not issued until 1544 in the reign of Henry VIII. Apart from this, the history of the half sovereign follows a similar pattern to that of the full sovereign.
The original value of a half sovereign was ten shillings, and apart from some fluctuations because of differences in gold bullion prices, this has remained its face value to this day.
The original design was basically a smaller version of the full sovereign. Half sovereigns were then struck for Edward VI, and then for most monarchs until the first coinage of James I. From James' second coinage, the half sovereign was discontinued in favour of the angel, double crown, and half laurel, also valued at ten shillings, the half unite, and ten shillings, from the reign of Charles I. With the introduction of regular machine made "milled" coinage. Under Charles II, the half guinea was introduced, with a value originally of ten shillings, but later of ten shillings and sixpence. In 1816, there was a major change in the British coinage, powered by the Industrial Revolution. The Royal Mint moved from The Tower of London to new premises on nearby Tower Hill, and acquired powerful new steam powered coining presses designed by Matthew Boulton and James Watt. The modern half sovereign was born!
A new reverse design was introduced for the full sovereign featuring Saint George slaying a dragon, designed by a young and brilliant Italian engraver, Benedetto Pistrucci. The device on the reverse of the modern half sovereigns from 1817 to 1887 was a crowned shield in various designs. From the introduction of the jubilee head issues of Queen Victoria in 1887, the St. George and dragon design of Pistrucci's was adopted for the half sovereigns. This beautiful classic design remains on our half sovereigns today, over a hundred years later, and for most of its life must have been one of the worlds most widely recognized coin designs.
During the First World War, Britain needed gold bullion to finance the war effort. Banknotes were introduced into regular circulation, and within a few years, sovereigns and half sovereigns ceased to be used in everyday transactions. Production of half sovereigns at the Royal Mint stopped in 1915, and also at the Melbourne mint. The other branch mints continued to produce half sovereigns, Sydney Australia until 1916, Perth Australia until 1920, and Pretoria South Africa until 1926. No further half sovereigns were then issued for circulation until 1982, although half sovereigns were included in the George VI proof set of 1937 which was available for collectors, and half sovereigns were also minted but not issued for Edward VIII in 1937, and for Queen Elizabeth II in 1953. In 1980 and 1982, a proof version was issued, and this continues to the present. In 1989, a special 500 commemorative design was produced, inspired by the very first gold sovereign of 1489, showing H.M. Queen Elizabeth II seated facing on a throne.