Gold Sovereign Ring Value
Gold coin jewellery has increasing popularity across different countries in the world. For one, many believed that wearing coin necklaces could bring good luck and fortune to the wearer. But what really is a gold sovereign ring’s value? And why do they make such a good piece of jewellery aside from bringing fortune? Let’s talk more about that in this blog.
What Is Gold Sovereign?
The sovereign is a coin in Great Britain with a face value of £1 at the time of its circulation. While it was first struck in 1817 as a circulating coin used in day-to-day commerce, gold sovereigns are now bullion coins.
Bullion coins are made with precious metals like silver or gold and stored or invested rather than being used to buy goods or acquire services. That is why uncirculated sovereign coins have a bigger value than when they were in circulation.
How Can You Determine the Value of Your Sovereign Coins?
Here’s what you need to look into to help you determine the price of your gold sovereign:
Errors
It’s rare to find errors in coins because they are made with sophistication. However, there are some that have been overlooked during the production process. Because of that, they are hard to find, and they are more valuable than the others.
Royal Mint branch struck
You can identify a coin’s place of mintage through its mint mark. A mint mark is a tiny letter or symbol engraved on a coin that tells you where the coin is struck. For example, S stands for Sydney, M for Melbourne, and P for Perth. However, the sovereigns minted in the United Kingdom have no mint marks—making it easier for you to identify.
The number of coins produced of the same value that year
The back portion of the coin will tell you its year of mintage. If there are only a few quantities of a coin produced in a particular year, it will have a higher value. Additionally, the total number of coins remaining can also be a determining factor for their worth.
The coin’s condition
When buying, selling, or trading coins, coin grading will give you a clearer idea of the condition of your coin. For some, this will then be the basis of its value.
Type of coin
Coins can be bullion, proof, or brilliant uncirculated. These types of coins have different values because they vary in the amount of precious metals used for their creation.
In most cases, the rarer the coin, the higher its value is. It is also important to keep track of the latest gold prices for gold sovereigns because they change regularly. In addition, it will help if you take a step further in doing your research about sovereign coins. But if you want to make your life so much easier, you can always consult TJ Handcrafted.
Moreover, the gold sovereign ring value and other sovereign pieces of jewellery will depend on the weight of gold used to create them.
Bullion vs Proof Issue vs Brilliant Uncirculated
You can categorise rare coins into three types: bullion, proof, and brilliant uncirculated.
Bullion coins
Bullion coins have platinum, gold, or silver. More often than not, people buy bullion coins because of the intrinsic value of the metal it contains. What makes them an excellent investment and collectible item is the designs and themes imprinted on the coins compared to plain bars and ingots.
Proof coinage
Considered to be of the highest quality among commemorative coins, proof coinage requires extra care and attention to produce. These hand-finished coins have unmatched sharpness and detail as their makers remove the coins’ imperfections. Like bullion coins, proof coinage also comes in platinum, gold, and silver.
Brilliant uncirculated
Although brilliant uncirculated coins also offer sophisticated details like proof coinage, they have lower definition if set side by side with proof coins. Brilliant uncirculated are machine fed and are usually struck in base metal, and sometimes, gold and silver.
Are There Fake Sovereigns?
Some newbie collectors have fallen prey to counterfeit sovereigns, especially from those deceptive pieces. Here are some of the details in the coins that can give away a fake:
Slippery and very smooth surface
Sharp and irregular edges
Unnatural sound/ring when dropped or spun
However, the best way to not get tricked by fake sovereigns is to buy from trusted dealers. And if sovereign jewellery is what you’re looking for, TJ Handcrafted offers genuine and high-quality pieces!
Sovereigns as Jewellery
As the name implies, a gold sovereign ring has a sovereign gold coin as its main feature. Its stunning look makes it an ideal collector’s item for some. Plus, it gives you the chance to own and wear a piece of history. And if you think it is not a “thing” now, famous celebrities have been spotted wearing sovereign rings.
Another use for sovereign coins in fashion is pendants. With the right chain and a combination of precious stones, they can be a perfect piece to wear during significant events in your life. And you won’t have to worry about their storage because they are made from gold and will last long.
Looking for Sovereigns? TJ Handcrafted Got You Covered!
We offer the best and most unique sovereign pieces of jewellery in our collections, including sovereign rings, pendants, rings with diamonds, and necklaces. Not just that! We can also have them customised to best suit your preferences.
Aside from sovereigns, we also have one-of-a-kind pieces such as chains, diamond rings, customised pendants, and Swiss bars. You can also have these pieces personalised. Note that we mostly use three types of gold to craft jewellery—white, yellow, and rose, which also come in different karats.
Learn more about us, our products, and pricing at https://tjgold.co.nz/ or call us on 0221621266. Have a high gold sovereign ring value as an investment today!
