George V Gold Sovereign 1911-1936

George V Sovereigns were first issued in 1911. With the onslaught of war the Government asked the public not to use sovereigns or to demand gold in payment. Instead they started to issue treasury notes to the value of £1 and 10s. as the currency remained stable and the notes soon won acceptance and eventually gold transactions became a thing of the past.

However millions of sovereigns were still being struck but became part of the gold reserve held by the Bank of England.

It was during this King's reign that Britain came off the Gold standard in 1925. During the period of 1929-1930 £91,350,000 worth were melted to pay the war debt that we had built up with the United States of America as well as other factors

The last Sovereign with the Kings portrait were issued in 1932
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    Royal Mint