Want this question answered?
$300Billion
Modern sovereigns unless in proof condition are generally only worth bullion. At the moment a full sovereign is worth about $400 US/CAD in gold.
Depends on the price of gold.
Australia uses the Australian Dollar.
Depends on the price of gold.
300 thousand
'The Red-Headed League' probably took place in 1890, and the gold sovereign was equivalent to 1 British pound at that time, which, in turn, was worth about $4 US. Inflation would make the sovereign's buying power about $100 in today's money.
The face value of a Sovereign is One Pound (GBP). Since all British Sovereign coinage is made from 22 carat gold, the actual value is very much higher. Athe very least, they are worth the bullion value of gold.
You have to explain what type of coin it is. Is it a British Sovereign? Canadian Maple Leaf? Australian Nugget? Etc. There are many modern bullion coins that feature Queen Elizabeth II on the obverse ("heads") but for modern bullion coins it is usually worth simply the precious metal content of them. On most bullion coins other than the British Sovereign it will say something like "One troy ounce pure gold" or "one half troy ounce pure gold" then you find out the spot price of gold and figure out how much gold is in your coin and figure it out from there.
8 grams
1 ounce = 28.35grams 1 ounce = $1386 Australian Dollars $1386/28.35 grams = 48.88 = $48.9 for 1 gram of gold 1kg = 1000grams Cost of 1kg Gold = 1000 *48.9 = $48,888.90 So 1kg of Gold is worth about $49k in Australian dollars at today's gold price of $1386 per ounce.
around $7,535.00 in US money