English gold coins
Know more about history of English gold coins
Gold has always been a valuable metal in all nations. Throughout the ancient history, gold has been used as a universal currency for purchasing, selling and barter system. Gold is available in many forms such as gold bars, gold coins, jewelry, etc. Among these gold coins are the most popular forms. Gold coins are also available in many types and among all English gold coins are one of the most famous and widely circulated coins in the contemporary world.
In this article we will talk about ancient english coins and modern ones. Ancient coins include Florin (Double Leopard), Noble, old British Sovereigns and Guinea coins. Modern british coins include British Sovereigns minted in XX century. More informations about English coins and theirs pictures you can find here.
History of English gold coins
English gold coins are great as its name. Despite being a modern day coin, English gold coins ooze a rich and a long history. These English gold coins are famous for their incredible appearance, numismatic significance and bullion value. British gold coins are ancient and bear a higher value than the current gold coins available in the market.
English gold coins – Florin
The first English gold coins of the history were the Florin with a six shillings face value. It was minted in Florence and therefore, was named Florin. King Edward III produced this coin in the year 1344 in an attempt to start gold coinage. The coin was also known as the double leopard as it bore the image of a king with two leopard heads.
Gold Florin was not a successful coin: within few months the coin was withdrawn as merchants refused to accept it due to its overvalued content.
Double Leopard had face value higher than their gold content. And the coin with six shillings face value did not fit good into the British monetary system where 1 Pound is equal to 20 shillings.
Soon gold Florin was replaced by the Noble coin with 6s 8d face value (a third of a pound).
Today, gold Florins are the rarest British gold coins and therefore, they have an immense value. In the year 2006, a specimen was sold for 4,600,000 pounds at an auction.
Now you can see Gold Florin at the British Museum.
Noble – produced in Bulk
The English coin Noble was produced just after the Florin and was the first British gold coins to be produced in a huge quantity. Noble English gold coins remained in circulation till the year 1465 and then was replaced by the Ryan English gold coins. These gold coins have various designs depending on where and when they were minted.
Guineas gold coins
This was the first machine made English gold coins minted in the year 1663. The name Guinea was derived from a place in West Africa from where the gold was sourced. In 1816, the old Guinea was replaced by British gold coin.
In the year 1489 Henry VII issued sovereign English gold coins that had a value of 20 shillings. The first design of the coin had an image of the king seated at the throne. The use of the coin was stopped in the year 1604 and again started in 1817 when a new coin valued at 20 shillings, weighing 8.0 grams and 22 mm in diameter was issued.
You can read more about gols Sovereigns on Wikipedia.
Modern Gold Sovereigns
Producing of Modern Sovereigns started in 1957 for bullion purposes. Modern Sovereign is a gold bullion coin like American Eagle or Canadian Maple Leaf. Now you can buy Gold Sovereigns direct from Royal Mint website.
Value of English gold coins
Ever since English gold coins was minted, they shared a consistent value as people were fascinated by these coins. Today, these coins are rare, and hence they have a much greater value than the recent coins traded in the market. The value of these coins directly varies with rarity. Investment in British gold coins is always considered to be a smart decision as these coins have an historical value and it is assured they never become worthless and their value is going to enhance.
I recommend you to use British Coins Market Values books and Coin Yearbook as a guide for market prices for British coins and other useful information.
You should buy only high graded coins because uncirculated gold coins are more liquid and easy to sell.