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Although Sovereign Coins are not made entirely out of gold, which is why there are different prices; you should be aware of the fact that irrespective of the type, every Gold Sovereign coin has quite a worth.
As the price of gold rises, so does a proportional increase in the value of a Gold Sovereign. Gold Sovereigns can be found in several denominations, and each comes with a relative nominal value.
The bullion value of a gold Sovereign is calculated at 7.31 x the price per gram of the prevailing gold price. It can also be calculated at 0.235 x the gold price per troy ounce. The value of a Sovereign is dependent on a number of factors namely;
● The year it was minted,
● Which branch mint produced it,
● The total number of Sovereigns produced at that mint for that year or the total number remaining,
● Whether it was a bullion or proof issue coin,
● The condition of the coin.
The fact that sovereigns are considered semi-numismatic coins (an interesting point for coin collectors) of course means that certain sovereigns of a given year are worth even more than their value in precious metals. The demand of these sovereigns is greatly increased by certain factors such as the scarcity, specific design or by the sovereign or mint branch in which they were produced.
Older Sovereign Coins tend to earn more value in good condition and thus tend to receive a premium from collectors. Collections can also be done in sets, for example by date, ruler, size or country of origin. Since sovereigns were invented for a long time in different places, the anomalies are numerous, an example of which includes identifying letters for several mints, coins with imperfections, and unique design.