New Issues
The Making of a British Icon
How an Italian engraver produced the most British coin of all time
Across the world, one coin is seen to epitomise all that it is British in a way that compares with nothing else. That coin is the Gold Sovereign. And at the centre of its international reputation is a quintessentially British design – St. George slaying the dragon.
Yet it is not, as you may first think, the work of a classical British artist, but instead that of the second son of an Italian federal court judge, who only came to England just two years before his portrayal of St. George and the Dragon first adorned a British coin in 1817.
Cameo of Benedetto Pistrucci, by his daughter c. 1850
In fact well before his arrival in England in 1815, Pistrucci was already well established as a leading gem engraver and producer of fine cameos amongst European high society. He rapidly made an impression on his arrival in London, winning the approval of the well-known antiquarian William Richard Hamilton.
Despite having no coin or medal experience, he was quickly commissioned by the Master of the Mint Wellesley Pole, brother of the Duke of Wellington, to produce a new portrait of George III as part of the Great Recoinage. His model, created in the unusual medium of red jasper, was re-engraved by Thomas Wyon for its final use on coinage losing, in Pistrucci’s eyes at least, much of the detail.
However, his work was clearly of sufficient quality to impress Pole, who followed up with a commission for the design that has forever since been the synonymous with the name Benedetto Pistrucci – St. George and the Dragon.
A design nearly lost the annals of history
Yet within just eight years it looked like Pistrucci’s design might disappear forever, as the Royal Mint changed the Sovereign reverse design to an heraldic shield, which was to remain in place for the next 46 years.
It was only a drive to improve the design quality of the coinage, led by new Deputy Master, Charles Fremantle that saw the re-introduction of St. George in 1871. However, both reverse designs were struck concurrently until 1887 when the Chancellor of the Exchequer declared that “by tradition and recommended by the great beauty of the design” Pistrucci’s design should once again appear on all Gold Sovereigns.
“The chief coin of the world”
The Gold Sovereign’s St. George & the Dragon Design is still synonymous with Pistrucci
By the mid-1850s the “new” Gold Sovereign had become a coin of true international status. Indeed an official list identifies no fewer than thirty-six colonies and dependencies in which the gold sovereign or half sovereign was recognised as legal tender.
More surprisingly, so great had become the reputation of the British sovereign that it was also in regular use in other countries outside the Empire, including Brazil, Egypt and Portugal.
However, it was the opening of the Sydney branch of the Royal Mint in 1855 following the discovery of gold in Australia that really marked the international growth of the Sovereign. Initially authorised to strike Sovereign’s to a different design, in 1871 Sydney finally started to strike coins of the same designs as the UK (just in time for the Pistrucci revival), only identified by a small “S” mintmark.
Further Australian Royal Mint branches followed in Melbourne in 1871 and Perth in 1899, before the Mint’s reach extended to other Empire countries with branches opening in Ottowa (1899), Bombay (1918) and Pretoria (1923) – all producing Gold Sovereigns.
It is no wonder that the eminent economist of the early 20th Century, Sir John Clapham, proclaimed the Gold sovereign as “the chief coin of the world”.
A worldwide modern icon – good enough for 007
The last international sovereign was struck in Pretoria in 1932. By then the international interest in Gold Sovereign, which started in Victorian times was well and truly established. And it is a reputation that continues right up to today.
Ian Fleming chose to equip James Bond with 50 Gold Sovereigns in his attaché case in the From Russia with Love, whilst Special Forces are still believed to carry Gold Sovereigns, as an emergency international currency.
In 2012 the Royal Mint once again authorised the striking of the St. George and the Dragon Gold Sovereign outside the UK under licence in India, so great is its popularity amongst the people there.
Reference
“The Royal Sovereign 1489 – 1989”, Ed GP Dyer
“A New History of the Royal Mint”, Christopher Edgar Challis
The Royal Mint Museum Website
________________________________________________________________
The 2014 Gold Sovereign is available in a limited edition DateStamp™ Presentation of just 995 pieces –now sold out.
Doctor Who coin sells for 15 times its face value!
The New Zealand Mint were amazed when a Limited Edition Doctor Who Silver Coin, issued in collaboration with BBC Worldwide to celebrate the 50th Anniversary of the legendary TV show, created a bidding frenzy!
The Mint had put the coin on eBay as part of a charity auction and when the auction ended the winning bid was an incredible 15 times more than its face value! It just shows how popular Doctor Who memorabilia, particularly coins, is with collectors all over the world.
However, it’s not just on eBay where collectors have been fighting to add a Dr Who Commemorative coin to their collection. Within just four weeks of general release the Mint had sold more than half of the Doctor Who Silver Coin’s 10,000 edition limit. And now, just three weeks after the fantastic ‘Day of the Doctor’ 50th Anniversary episode was aired it is unlikely that the Mint have any left at all.
A Doctor Who 50th Anniversary Gold coin follows the success of the Silver coin, and with a mintage of just 250 worldwide this one will not be available for long either.
________________________________________________________________
The Doctor Who 50th Anniversary Silver coin.
Features the TARDIS in engraved relief on the reverse with coloured element. Comes in a special TARDIS presentation box complete with sound effects. Now sold out.
The Doctor Who 50th Anniversary 1oz Gold Coin
Features the TARDIS depicted in engraved relief on the reverse and presented in a deluxe wooden box. Now sold out.
Kate Gives Birth to a Collecting Frenzy
Managing Director, Ian Glen, helps you pick through the Royal Baby commemorative jungle.
The Limited Edition Royal Baby Silver Commemorative Cover
It’s 9.57 am. Less than 24 hours after the Duke and Duchess of Cambridge have been blessed with a new baby boy and a nation with its future King.
The Prince has not even been given a name yet but already there is a vast array of commemorative memorabilia.
One of our most important jobs is to select for you the very best commemorative issues that will mark the birth our future King in the most appropriate way and create a lasting heirloom that you can pass down to your children and grandchildren.
But which of the hundreds of commemorative pieces will stand the test of time?
Well let me share with you some of the elements that I believe are most important when we select the pieces we recommend to collectors.
1. Capture a moment in time
The Official Royal Mail Postmark captures the moment in time forever as with this DateStamp (TM) coin.
When there is a momentous occasion like a Royal Birth, I’m always keen to tie commemorative items back to that moment forever, which is why in my mind stamps create such a perfect collectable.
For example, we arranged well in advance for Royal Mail to hold a number of covers and other philatelic items ready for them to postmark with the all-important birth-date, as soon as it was announced.
These are true never-to-be repeated commemoratives, unlike so many items that will be manufactured for months after the birth.
2. History and heritage
.jpg "Kate Gives Birth to a Collecting Frenzy")
The Gold-plated Commemorative features a timeless heraldic design and draws on hundreds of years of minting heritage.
By specialising in coins and stamps, we have already declared our hand that the best collectable items have a strong history and heritage. Coins, commemorative medals and stamps, of course, have long traditions as Royal Commemoratives and so make the perfect keepsake.
With much issuing information not yet in the public domain, you can also realistically expect British Isles issues, as well as coins and stamps from many key commonwealth countries to be announced over the coming days and weeks.
As always, the closer the links to the UK, typically the stronger the longterm heritage of the piece. And with a Christening some way off, I’m certain we have many important issues still to come.
3. Designed to stand the test of time
.jpg "Kate Gives Birth to a Collecting Frenzy")
The Silver Proof Royal Baby Commemorative incorporates the Prince’s birthstone – a ruby.
A commemorative piece should always be designed to create an enduring memory – something that you can pass down through the generations.
It is no coincidence that many of the most popular coins to be issued over the years feature heraldic representations. Rushed and imagined sketchy pictures of the Royal Couple and baby, bear little creative strength and over time risk looking tired and clichéd.
It’s also worth searching out something a little bit unusual – even unique – in the design, which is why I was delighted when we were able to select a silver commemorative design that actually contains the new Prince’s birthstone – a ruby – as an integral part of the design.
4. Edition limits that mean something
Just 2,000 22 Carat Gold Collector Cards have been issued. With an edition of just 2,000, they are tipped to be among the earliest sell outs.
Of course, many Royal Baby commemoratives will be issued in limited editions – but that is only of real importance if demand is actually going to exceed supply, resulting in collectors missing out.
Of course, there is no hard and fast rule but I like to ensure that we work hard to select commemoratives with edition limits that should see sell-outs, helping to ensure their long-term collectability.
Finally, there is just one other thing to add. Enjoy your collecting.
By owning a Royal Commemorative, you are ensuring that not only you, but also your children and grandchildren, will forever have an element of connection to the moment when a nation celebrated the birth of its future King.
click here to view our full Royal Baby Commemorative Range