British Colonial - Bombay: 1918
Sovereign - King George V
With the outbreak of World War I in 1914 the government issued
Treasury Notes to £1 and 10s which replaced gold coins in
circulation and the public were requested not to demand gold.
On 1920 August 07th Gold Sovereigns ceased to be legal tender for use
in Ceylon by Proclamation of
King George V and the sovereign became Bullion.
The Gold Standard Act of 1925 made currency notes nolonger
exchangeable for gold.
SPECIFICATIONS |
Denomination | Sovereign |
Metal | Gold 0.916 |
Alloy | Ag/Cu 0.38 |
Diameter | 22.1 mm |
Thickness | 1.5 mm |
Weight Legal | 7.99 gms |
Weight | 7.98 gms |
Shape | Round |
Edge | Milled |
Die-Axis | 0° |
Mint | Royal, London |
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Obverse : The bare head of King George~V facing left. Around periphery
legend GEORGEIVS V D.G.BRITT:OMN:REX F.D.IND:IMP: .
Mint Engraver Edgar Bertram Mackennal R.A. placed small
initials B. M. in relief at bottom of the Truncation.
Reverse: St. George with Steamer flowing from Helmet, mounted on horse
rearing right, slaying, with sword in right hand, the dragon on
ground. Mint Year below the representation of ground, with designer
Benedetto Pistrucci's initials B.P. to the right.
Note that King George~V, St George Sovereigns were minted with
Mint mark on the representation of ground on reverse.
Royal Mint | Start | End | Mint Mark
|
London | 1911 | 1925 | None
|
Melbourne | 1911 | 1928 | M
|
Sydney | 1911 | 1926 | S
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Perth | 1911 | 1928 | P
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Ottawa | 1911 | 1919 | C
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Bombay | 1918 | 1918 | I
|
Petoria | 1923 | 1928 | SA
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Smaller head George V Sovereigns
were minted from 1929 till the Great Depression ceased minting in 1932.
The coins that were Struck during the war years became part of the
gold reserve of the Bank of England. Part of the considerable debt to
USA was paid in Gold, and since USA cannot hold any gold coins, any of
the coins recieved would have been melted into ingots. In 1929 and
1930 over £91 Million from Bank Reserve was also melted.
This made the 1916, 1917 and 1925 Sovereigns from London Mint rare.
However the Royal Mint restruck 886K 1925 George V Sovereigns between
1949 to 1952 during the reign of George VI, which made them common again
probably to the dismay of numismatists of that time.
Ref: The Gold Sovereign. by M. A. Marsh.
1999, Cambridge U.K., 2nd ed. 118pp. Illustr. colour
The Sovereign was scanned at 600 dpi and displayed at 300 dpi
It was obtained in USA around 2000.