Henry VII gold sovereign to make more than $200,000?



2015-06-26 11:34:19

The gold sovereign was issued under the reign of Henry VII

A Henry VII gold sovereign produced circa 1502-1504 will lead a sale at Baldwin’s in London on May 8 with an estimate of £100,000-120,000 ($168,030-201,636).

The issue was introduced in 1489, shortly after Henry VII ascended the throne, and is named for the depiction of the monarch on the obverse.

The reverse features the royal coat of arms against a backdrop of the Tudor rose.

The sovereign was intended as a riposte to the large coins being produced on the continent during the era and was more valuable than any other made at the time.

The present example is formed of 23 karat gold and weighs 15.5g.

A George III gold sovereign dating to 1819 is another highlight and carries an estimate of £50,000-60,000 ($84,015-100,818).

One of only 3,574 examples produced in that year, the coin is considered a key rarity among English sovereigns.

The low mintage is because of the suspension of specie payments, whereby paper currency is traded for coin, a situation that was not remedied until the following year.

Only eight examples in a variety of grades are known to exist, with this specimen considered the third finest.

You can check out our range of rare coins here.

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