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What is half a sovereign?

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Anonymous

12y ago
Updated: 1/5/2023

A Half-Sovereign coin started as a denomination of the old redundant predecimal British currency system and dates back to the time of Henry VIII, but is still being minted today. The modern Half-Sovereign being reintroduced into the currency in 1817.

The Half-Sovereign was not used much outside Britain other than by Britain's colonies prior to them having their own currencies, such as Australia, New Zealand and others.

The name "Sovereign" comes from the magnificent appearance and size of the coin, and a Half-Sovereign, as the name suggests, is half as valuable (and almost as magnificent).

As with the Sovereign, the Half-Sovereign was made from gold of varying weight and purity over the years, until the Great Recoinage Law of 1816 when the gold content was fixed to 3.7 grams, at which it currently remains.

A Half-Sovereign coin represented Half a Pound or 10 Shillings or 120 Pennies in the old currency.

The Half-Sovereign coin has not had great continuity of minting and was not minted from 1938 until 1979 inclusive. At Britains conversion to decimal currency in February, 1971, the Half-Sovereign, although not being minted at the time, remained at Half a Pound, or 50 Pence in the new currency.

Current Half-Sovereigns weigh in at 3.99 grams, have a diameter of 19.30 mm, fineness is 22 carat or 91.67% gold, and the gold content is 3.7 grams.

These days, the Half-Sovereign is usually minted as a Bullion or Proof coin only and is substantially more valuable than its nominal or face value.

From a coin collectors perspective, a Half-Sovereign coin, depending on the year, condition and method of minting, could be worth anything from a few Pounds to several thousand of Pounds GBP.

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Tyreek Lesch

Lvl 13
2y ago

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