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What is the value of a Victorian gold Sovereign

How much is a Sovereign worth

Victorian Gold Sovereign coins can make a wonderful gift or investment and are one of the most popular forms of physical gold.

But what are the Sovereigns worth

With the price of gold moving steadily upwards over the years and money very tight for many of us, it could be time to dig out those coins we were handed down by our Grand Parents to raise some much-needed funds. If you’re lucky enough to have been given the coins, you’ll see why Sovereigns are such a good investment as the price has risen dramatically.

Do you own one of the 10 best British gold coins in history

1. Underlying Gold Price

We always start deriving the value of a Victorian Gold Sovereign coin from the underlying gold price, known as the spot price. This price is generally quoted in various currencies in ounces and grammes and acts as a benchmark to value the various types of gold. The value of a Victorian Gold Sovereign will be at a premium or discount to this benchmark – with the first step being to multiply the ounce spot price by 0.2354 (which is the gold weight of a Sovereign coin in ounces). The underlying gold price values all gold-based coins including Gold Sovereigns as well as Gold Britannias.

Click to discover the 10 rules you need to know to sell your Victorian Gold Sovereign at the highest price

2. What sort of Victorian Gold Sovereign do I have

It’s important to note that not all Victorian Sovereign coins are valued the same. 95% of them will likely fetch the same price regardless of the year of issue. However other factors to consider would be the condition of the coin, the year of issue and the rarity of the coin. For instance, there are 3 varieties of Victorian heads available, each of which may attract different collectors or buyers (Young Head, Jubilee Head, Old Head).

Victoria Sovereign coin
The Victoria Old Head Sovereign

Why does this matter

With Victorian holding the record for longest British female monarch, up until recently when Queen Elizabeth took her crown (sorry!), the Sovereigns issued during her extensive reign were updated twice. Obviously, the Young head portrait represents the early years of her reign when she was a young woman. Therefore they’re the oldest Victorian coins of the three and worth the most. Prices for young head coins can be around 15-20% than later portraits. These coins are also unique as they were produced in what’s called ‘coin alignment’ This means that the portrait side and reverse side are upside down to each other.

victorian gold sovereign
The Young Head Victorian Sovereign trades above the other two portraits

How about the later versions

The jubilee head was the next version to be launched PHYS01_Animated_Gif_2_MPUand encompasses the middle period of Victoria’s reign, including her golden jubilee. This portrait only lasted for 7 years (compared to the Young Head’s 17-year stint) so naturally, there were fewer coins minted. For this reason, you could argue that the Jubilee Head coin is rarer than the more expensive Young Head version. Perhaps this suggests that premiums on these could rise faster in the future. Certainly, the value varies quite a lot depending on general market supply. Sometimes, it trades at the same level as the newer Old Head coin, while other times it can command 5% higher prices than the Old Head. This coin also marked the very first Sovereign to be minted in ‘medal alignment’, whereby the obverse and reverse are printed the same way around. All Sovereign issues since have followed this format.

Old Head Victorian gold Sovereign value

The Old Head Victorian coin, also known as the veiled head due to the portrait featuring the monarch wearing a veil rather than a crown, is generally the least valuable of the three versions. It’s the most recent edition so has less history about it and there is a plentiful supply. Generally, we tend to see relatively stable premiums for these coins. Because of this, they can be a really good value way of adding Victorian Sovereigns to your gold investment collection without having to pay the high premiums of the rarer coins.

victorian gold sovereign
Condition of Sovereigns will be a value factor

What else do I need to know

Generally, the second-hand Sovereign market will provide a good price for Victorian Sovereigns as long as there isn’t visible damage to the coin or small pieces missing. Clearly, a coin of over 100 years in age isn’t expected to be in pristine condition. You may want to check whether your Victorian coin falls into the 5% of Sovereigns worth significantly more than others. If your coin is a shield back, then this could instantly demand a premium over regular coins. Years of low print runs (and therefore rarity) will also command a further premium.

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3. Mint Marks

Of course, sometimes the devil is in the detail. If you look closely at Victorian Sovereigns even of the same year and portrait, they’re not necessarily identical or command the same price. Their worth can also vary due to mint marks. These can be difficult to see but basically, a letter will depict which mint the coin was produced in. The Young Head and Jubilee Sovereigns were minted amongst three different factories, namely – London, Melbourne and Sydney. The Old Head coin added Perth Mint to the production list. Interestingly, this reflected Britain’s growing empire, with the Sovereigns to follow in the Edwardian and Georgian eras, also being minted as far afield as Canada, South Africa and India.

victorian gold sovereign
Examples of mintmarks

How can I benefit

Depending on which branch mint the coin was made, certain coins can be worth more, depending on the quantity produced by each mint. For instance, while the various Australian mints produced Sovereign coins for between 30 and 50 years, Ottowa and Pretoria mints only produced for around a decade, with Bombay only minting during 1918!

Mint marks to look out for are London (L), Sydney (S), Melbourne (M), Perth (P), Ottowa (C), Bombay (I) and Pretoria (SA).

10 commandments

4. Timing

Exactly when you choose to sell or value your Victorian Sovereign will impact its value. We’ve already spoken about the underlying gold price, and how the worth of any gold bar or coin is calculated from that point first. Clearly selling your Gold Victorian Sovereign when the gold price is high will dramatically enhance the worth of your coin. But there are two other timing elements which play a role.

Market sentiment

The supply and demand dynamics of gold are fluid. In other words, there are times when supply is particularly tight, perhaps due to mine closures or investors hoarding their gold. Other times, we see plentiful supplies of even the more numismatic gold coins. Similarly, demand can fluctuate greatly. In particular, we experience the same theme time and again, that demand for gold rises when there’s economic or political unrest and then declines during periods of economic prosperity and global peace.

So how can I actually use this

Intuition and common sense tell us one golden rule with investing. Buy low and sell high. Simple! However, with gold investing, retail buyers tend to buy gold as the price is rising or already high as they’re seeking a safe haven. When newspaper headlines feature stories of impending banking crises, Brexit disasters and world wars, retail investors buy gold coins and bars as security against possible stock market crashes and property price declines. Unfortunately, they’re buying at high prices as everyone else is also looking to purchase.

Conversely, when equity and property markets do well and political news is quiet, the gold price falls. When this happens, many investors sell their gold as they feel the bad times are over.  Again, the timing isn’t great as they’re selling at a low price.

But it gets worse because dealers will react to supply-demand dynamics, further amplifying the movement of the market. In other words, when everyone is selling, dealers will pay lower premiums for Victorian coins as there’s a spike in supply and fewer buyers in the market. When everyone is buying and very few offloading Victorian Sovereigns, premiums go up to reflect the difficulty in sourcing the coins.

Just like the smart money – think hedge funds and central banks, try to buy your gold sovereigns when the price is low and everyone else is selling. If you can, sell them when the market is high and everyone else is helping push up premiums.

Which price point to take

If you’re looking to sell your Victorian gold Sovereign, make sure you agree with the buyer if the price is fixed or set on either the live gold spot price or the LBMA gold fixing. On a volatile day with lots of economic news releases, the gold price can fluctuate considerably. The difference between fixing a price on the morning fix, afternoon fix or live spot price, can have a huge impact on the value of your Sovereign.

Watch our YouTube video and then decide – “Gold Britannias or Gold Sovereigns – which is the best investment ”

5. Who you sell to

Is my coin worth a premium or discount to the spot price

If your coin is deemed to hold a numismatic value due to the year of issue or design (a value over and above simply the gold content), then it will undoubtedly fetch a premium to the spot price, in some cases up to 75% more. Otherwise, the value of the coin will depend on who you eventually sell to, and the current state and volatility of the gold market.

Selling to ‘Cash For Gold’ sites or a jeweller will undoubtedly achieve the largest discount to the benchmark (the lowest price) as these buyers will seek to melt down the gold and profit from your sale. However, this route may offer the convenience of simply dropping in the coin locally.

Selling to a collector may achieve a high premium as an individual may need your coin to complete a collection. However, you may be waiting for years to find the ‘right’ collector and you also expose yourself to the danger of dealing with the public or small unknown intermediaries.

Selling to a gold dealer should achieve a value close to the spot price while offering both convenience and safety. These coins are tax free in the UK which means gold dealer’s specialising in gold investment have a great need for these coins.  Indeed, at the moment supplies of second-hand Sovereigns are particularly tight due to the demand for physical gold, meaning that the brand new gold Sovereign coins are better valued than old ones.

 If you were handed the coin many years ago, you may be delighted to know that a coin worth around £20 when it was given to you 10 years or more ago may be worth more than £200 now.


Daniel Fisher formed physical Gold in 2008, after working in the financial industry for 20 years. He spent much of that time working within the new issue fixed income business at a top tier US bank. In this role, he traded a large book of fixed income securities, raised capital for some of the largest government, financial, and corporate institutions in the world and advised the leading global institutional investors. Daniel is CeFA registered and is a member of the Institute of Financial Planning.

Mervyn says :

I have three victoria sovereigns young head , looking to sell, depending on price.

2018-06-08 17:42:59Reply

Daniel Fisher says:

Happy to look at prices on Monday if you email or call in

2018-06-08 18:05:03Reply

Martin says :

Been offered a 1887 gold sovereign, apparently was struck in yellow gold, 1300 pounds he wants, yet ive seen them for sale much cheaper, is it worth that much As most sovereigns are no where near that price

2018-06-30 14:56:48Reply

Daniel Fisher says:

Sounds very expsensive to us. We're selling young head Vics for around 300 each. We certainly wouldn't pay more for the 1887.

2018-06-30 15:09:04Reply

Martin says :

Thanks from what I've read it is the only British Sovereign struck in yellow gold making it rare so was not sure, thanks for your advise

2018-06-30 17:20:28Reply

Anisha says :

I have a gold soverign 1890. How much is it worth

2018-09-16 11:20:00Reply

Daniel Fisher says:

Hi, we'd currently pay 214 for that coin

2018-09-16 11:23:57Reply

bassem says :

i have several gold coins (victoria D:G:)1889 jubilee head in good condition pls let me know their approx.worth,thanks

2018-10-01 01:07:57Reply

Daniel Fisher says:

I'll email you with prices

2018-10-01 07:16:31Reply

Angela says :

I also have a Victoria DG 1889 jubilee head in good condition and would be interested to know it s value

2018-10-01 22:01:03Reply

Daniel Fisher says:

I can email you tomorrow

2018-10-01 22:03:33Reply

Noor says :

I have many of victoria D G 1889 young head in good condition 8 gram gold 22, can I know how much they worth

2018-10-18 08:21:36Reply

john says :

i have 4 full sovereign. a 1902, 1887,1891 and 1900, all london no mint marks. how much would they be worth.

2018-10-18 16:18:07Reply

Daniel Fisher says:

Hi there, we're currently paying 215 for the 1902, 217 for the 1900, and 218 for the 1887 & 1891

2018-10-18 16:34:13Reply

Catherine Baker says :

Good morning, I have some gold sovereigns I d like to sell, can you give me an idea of their worth. I ll give you their dates. I assume they are in mint condition. I assume they were minted in Melbourne as my father purchased them from The Australian Bullion Co about 40 years ago. 1853 1858 1878 1880 1893 1895 1888 1901 1907 1917 1918 Many thanks

2018-11-24 12:33:33Reply

Daniel Fisher says:

Hi Catherine. We ll email you prices on Monday

2018-11-24 12:37:29Reply

Roger brown says :

Hi just need a value roughly of my gold sovereign it s a 1878 queen victoria coin in a ring

2018-12-10 06:49:54Reply

Daniel Fisher says:

Rough guide is 230, but it may be less if the coin is damaged by the ring clasp

2018-12-10 07:25:54Reply

Holly Dalmazzo says :

Hi Guys, My father In law inherited 2 gold sovereigns in good condition. A 1876 and a 1928. Neither have mint marks and could easily have been collected during the war. Really interested to know rough value for selling. Happy to send photos. Thanks!

2018-12-27 01:04:42Reply

Daniel Fisher says:

Hi Holly. Why don t you email through to info@physicalgold.com

2018-12-27 08:39:58Reply

Uzair says :

Hey I have some gold sovereigns victoria coin Can you tell me the rare one

2019-03-11 20:22:39Reply

Daniel Fisher says:

The young head Victoria is the most valuable of the three portraits. In Particular the shield back issues are the more valuable than the George & dragon ones

2019-03-11 20:31:31Reply

Karen Browne says :

Morning could you please tell me how much a young Victoria half sovereign 1883 with a shield on the back is worth thank you

2019-04-05 09:03:55Reply

Daniel Fisher says:

We re currently paying 118

2019-04-05 11:12:27Reply

Barbara Anne Paton says :

How much is a Queen Victoria Double Sovereign 1887 worth

2019-04-16 12:54:54Reply

Daniel Fisher says:

Hi. It will depend on whether its a young head or jubilee head as 1887 both were produced. As a rough guide, we're currently paying 452. A little more if it's a young head

2019-04-16 13:25:50Reply

Jenny says :

Good day I have a sovereign dated 1889. D.G Can I please have the value on this. Many thanks

2019-05-24 09:23:38Reply

Daniel Fisher says:

Right now that coin would fetch around 233

2019-05-24 09:28:59Reply

Julie finch says :

Hi I have a 22 carrot 1978 sovereigns in a mounts and chain necklace how much is it worth

2019-06-25 11:26:25Reply

Daniel Fisher says:

Hi there. On the current market 253

2019-06-25 11:29:42Reply

Aldo says :

Hi Daniel I m currently collecting young heads for long term investment and paying around 320 a coin is this amount about right Regards Aldo

2019-06-30 07:07:43Reply

Daniel Fisher says:

Yes. That sounds about right. Let me know if you need any more

2019-06-30 07:52:29Reply

Aldo says :

Will do

2019-06-30 20:06:06Reply

Janet Barton says :

Good morning, I have three sovereigns I m hoping to sell, one is a young Victorian head with shield on the back dated 1883, the other two are Edward VII, dated 1910 and 1904, can you give me a rough idea of how much they would be worth.. Regards Janet

2019-07-01 10:57:17Reply

Daniel Fisher says:

Hi Janet Right now we'd pay 251 for each of the Edwards, and 270 for the Vic Y/H Shield back

2019-07-01 12:20:11Reply

Brendan.Melia says :

Hi I m trying to value my sovereigns dates are, 1817 1843 1845 1847 1852 1869 1870 Australia 1886m 1912 2005

2019-07-02 00:39:39Reply

Daniel Fisher says:

Hi there. Can you tell me which of these coins has a shield back

2019-07-02 11:46:10Reply

Gwen Kitching says :

I have 2 gold sovereigns. 1 is 1901 old Victorian head, can t make out the mint. Set in a ring. Second one is 1911 George V unmounted. I also have a 1/10 krugerrand 1981 in a ring and a small Chinese coin in a ring with a panda on one side and the imperial palace on the other. Can you give a value on these or tell me who can.

2019-07-07 15:59:16Reply

Daniel Fisher says:

Hi, we're currently paying 257 for Victoria Sovs and 254 for George Sovs. The tenth Kruger would be 105. The other coin is a Panda but it's unclear what size you have, it could be a tenth or a quarter. If tenth, it is also worth around 105

2019-07-08 08:29:32Reply

Sally says :

I have three yellow gold sovereigns, I am not sure how I figure out the size, do you get half and whole sovereigns

2019-07-17 13:37:32Reply

Daniel Fisher says:

Yes. Full Sovereigns weigh around 8g and half Sovereigns are about 4g

2019-07-17 14:04:55Reply

Kevin Kenny says :

HI - i'm interested in selling my collection of sovereigns and wondered if you could give me an idea of what they are worth. I have 1 Victoria sovereign Young head 1843 Shield Back 1 Victoria Sovereign Young Head 1864 Shield Back 1 Victoria Sovereign Young Head 1866 Shield Back 1 Victoria Sovereign Young Head 1886 George & Dragon Back 1 Victoria Sovereign Old Head 1893 George & Dragon back 1 Victoria half sovereign Young Head 1885 Shield Back I Victoria half sovereign Old Head 1892 George & Dragon back 1 Edward V11 half sovereign 1907 George & Dragon back 1 George V half sovereign 1911 George & Dragon Back Look forward to hearing from you

2019-07-23 15:36:20Reply

Daniel Fisher says:

Hi Kevin. I'll send you an email

2019-07-23 15:52:30Reply

Min says :

Hello, I like you to value the Gold coins - Elizebeth Ii, Victoria and American minted dated varying from 1800s and 1963. Most were minted in 1963.

2019-07-26 00:29:14Reply

Daniel Fisher says:

Can you please email details/images to info@physicalgold.com Thanks

2019-07-26 07:03:25Reply

Kevin says:

Hi I have 2012 Elizabeth and the lion full soverein can you tell me price

2019-08-07 14:29:41Reply

Daniel Fisher says:

Hi Kevin, we're currently paying 277

2019-08-07 14:33:45Reply

Maxine Dyer says :

I have 2 sovereigns 1895 Victoria and a 1913 george also an half sovereign Elizabeth 1982 could you please tell me how much these are worth as I would like to sell . Thank you.

2019-08-09 22:08:02Reply

Daniel Fisher says:

Hi. We re paying 283 for each Sovereign and 140 for the half

2019-08-09 22:12:31Reply

says :

Hi I have some old coins I would liked valued please .

2021-02-12 23:48:53Reply

says :

Hi I have some old coins I would liked valued please .

2021-02-12 23:49:04Reply

says :

Hi I have some old coins I would liked valued please .

2021-02-12 23:49:38Reply

says :

Hello i have an old gold coin of Victoria Old Head Sovereign1893. how much can i get from this

2021-02-15 19:49:56Reply

says :

Hi. I have Victoria sovereign 1886..young head. On the back is a man on a horse. How much would you buy them for.

2021-04-06 09:13:46Reply

says :

Hi l have a 1874m gold full sovereign uncerculate George and the dragon. Also 1884m gold full sovereign Featuring George and the dragon uncerculate What are they worth

2021-04-18 16:45:00Reply

says :

I have a young widow sovereign necklace with a 22 c chain. How much is it worth and where should I sell it many years ago I was offered £1000 for it

2021-04-23 09:54:30Reply

says :

I have a young head sovereign, St. George long-tail, Sydney mint dated 1876. Looking at many gradings, I'd say this is an extremely fine/uncirculated coil. Anyone interested and if so, at what sort of price

2021-07-18 21:04:20Reply

says :

I have a 22 carat victoria sovereign coin 1884...Whats the best you can offer Thanks

2021-07-25 02:08:21Reply

says :

1900 old head full gold sovereign mint condition, kept in its small leather case, Please could I have a value with view to sell. Thank you

2021-10-19 17:14:36Reply

says :

1900 old head full gold sovereign, in mint condition, always kept in the coin’s small leather case, please could I have a value with view to sell. Thank you.

2021-10-19 17:16:46Reply

says :

1900 old head full gold sovereign, in mint condition, always kept in the coin’s small leather case, please could I have a value with view to sell. Thank you.

2021-10-19 17:18:06Reply

says :

1900 old head full gold sovereign, in mint condition, always kept in the coin’s small leather case, please could I have a value with view to sell. Thank you.

2021-10-19 17:18:42Reply

says :

1900 old head full gold sovereign, in mint condition, always kept in the coin’s small leather case, please could I have a value with view to sell. Thank you.

2021-10-19 17:18:54Reply

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