Welcome to the Hattons of London website. Specialists in rare and exclusive coins.
Customer Service: 0333 234 3103
  • Dedicated and expert account managers

  • Worlds first coin offers

  • Unrivalled 60 day satisfaction guarantee

  • Buy Back Offers. Total paid out: £4,799,885

  • Sell out guarantee on certain new strike coins

King George V Gold Sovereign of the London Mint of 1925

£999.00

0 out of 5
Interest-free instalments available at checkout
  • Features the first portrait of King George V by designer Bertram Mackennal
  • The last of it’s kind ever issued in London
  • Quality: Grade 9
  • Struck in 22 carat gold
  • VAT exempt

Sold Out

Description

Although George V reigned until 1936 – 25 years – only five dates of half sovereign and eight dates of sovereign were ever struck in London.

The start of the First World War effectively marked the end of gold coins in daily circulation; within just days of the outbreak of hostilities in 1914, the British government issued Treasury Notes (banknotes) as currency and began with withdrawal of gold coin.  By the summer of 1915 gold coins had all but vanished from circulation.

Although production of half sovereigns ceased in 1915 the sovereign continued to be minted until 1917.  The coins were held as bank reserves and used to pay for war material.  After the war ended, paper money continued to take the place of gold as circulating currency.

However in 1925, Chancellor of the Exchequer Winston Churchill controversially put Britain back onto the Gold Standard.  The Bank of England seized the opportunity to send a lot of worn and damaged gold coins that had accumulated in its vaults to The Royal Mint for melting down and reminting onto new coins.  The 1925 gold sovereign was struck – eight years after the last sovereign had been struck in 1917 – and it would turn out to be the last ever British currency sovereign, ending a 108-year tradition of circulating gold.

The coins were never released into circulation:  although Britain was back on the Gold Standard, it was deemed imprudent to issue gold as coinage.  However, the 1925 sovereigns had been struck – the ‘Churchill’ Sovereign – and lay in the vaults of the Bank of England.

It is possible these coins were given to those operating behind enemy lines in WWII as a form of emergency currency.  After WWII, they were also re-struck in 1949, 1951 and 1952 as gold bullion markets placed sovereigns in considerable demand, in the hope that a supply of genuine coins would satisfy market demand and remove the premium that counterfeiters could earn.

However, this gave rise to a remarkable situation.  The sovereign of 1925 carried the portrait of King George V, who had died over a decade earlier.  Incredibly, this meant they were minted under the authority of a king who was no longer alive.

The 1925 sovereign is one of the twelve most important sovereigns as it is the last of its kind ever issued in London, and the story of its minting is unique in the history of British gold coinage.

Additional information

Diameter

22.05 mm

Weight

8g

Metal type

Gold 22 carat

Year of Issue

1925

Obverse

First portrait of King George V facing left. Designer: Bertram Mackennal

Reverse

The design of St George and the dragon introduced on the coins of King George IV. Designer: Benedetto Pistrucci

Quality

Grade 9

Payment Information

Coin price: £999

Postage and Packing: Included

Instalments available: 4

First instalment: £198 (payable today)

Subsequent instalments: £801 (2 instalments)

                                           £400.50 (3 instalments)

                                          £267 (4 instalments)

VAT: Exempt

Delivery and Returns Information

Current expected delivery time: 7-14 working days

Returns Information: We offer a 60 day complete satisfaction guarantee in addition to your statutory rights.

To return a product,please ensure you follow the instructions here

Similar coins you may be interested in

Corporate member of the DMA Investors in People Gold

JOIN OUR MAILING LIST FOR NEWS OF EXCLUSIVE OFFERS

 

 

By signing up to our newsletter Hattons of London will keep you up to date with exclusive offers and world firsts, as well as news and client services that may interest you.