How much is a Sovereign worth?
$1,038.65
melt value of 0.2354 troy oz fine gold
Spot $4,412.28 / troy oz | swissquote | 17:39 UTC
Specification
| Gross weight | 7.98805 g |
|---|---|
| Fineness | 916.6 (91.66%) |
| Fine gold content | 7.322 g |
| Fine gold, troy oz | 0.2354 |
| Diameter | 22.05 mm |
| Mint | The Royal Mint |
| Country | United Kingdom |
| Face value | GBP 1 |
| First issued | 1817 |
About this coin
The specification has not changed since 1817 - the same 7.98805g at 916.6 fineness for over two centuries, which is why sovereigns from different reigns stack identically. It contains 7.322g of fine gold, a little under a quarter ounce, and remains the most widely recognised small gold coin in the world.
How this size compares
| Fine gold | 7.322 g |
|---|---|
| In troy ounces | 0.2354 ozt |
| In pennyweights | 4.71 dwt |
| Equal to | 1 gold sovereigns |
| Bars per kilo | 136.58 of these make one kilo of gold |
Questions people ask
- How much is a Sovereign worth today?
- Its gold content is worth $1,038.65 at the current spot price of $4,412.28 per troy ounce. That is the melt value - it contains 0.2354 troy ounces of fine gold. A dealer will pay under this figure when buying and charge over it when selling.
- How much does a Sovereign weigh?
- 7.98805 grams gross at 916.6 fineness, which is 7.322 grams of actual gold. The gross weight is what your scale reads; the fine weight is what it is worth. Multiplying the gross weight by the spot price would overstate this coin by about 9.1%.
- Who makes the Sovereign and is it legal tender?
- It is struck by the The Royal Mint in United Kingdom, first issued in 1817. It carries a face value of GBP 1, which is symbolic - the gold in it is worth many times that.
- What premium should I expect to pay over melt on a Sovereign?
- Dealers quote a premium over the melt value to cover minting, distribution and margin. It is generally lowest on large bars and highest on small fractional coins, and it widens when demand spikes. Compare the total price against the melt figure above rather than comparing dealers on premium alone.
- How current is this valuation?
- It is calculated live from the spot price, currently $4,412.28 per troy ounce from swissquote, read at 17:39 UTC. Nothing on this page is a cached daily figure.