Why the George V gold sovereign is still prized in the Middle East

LONDON: When the price of gold surpassed $5,000 an ounce for the first time on Jan. 26, collectors of old coins were likely weighing up the value of their collections — nowhere more so, perhaps, than in the Middle East and India, where one coin in particular has attained almost mythical status. Between 1911 and 1932, tens of millions of the George V gold sovereign were minted, predominantly at the Royal Mint in London, which struck about 123 million of the coins, but also at “colonial branch mints” in Bombay, Ottawa, Pretoria, Melbourne, Perth and Sydney.

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