On 29th January 2020 we marked the milestone 200th anniversary of the end of King George III’s reign. And whilst some will remember him as the ‘Mad King’, there is no denying the coins issued during his reign are some of the most iconic to have ever graced the pockets of the British public.
Now, to celebrate his legacy The East India Company has released a new range of Sovereigns that at once pay tribute to this remarkable monarch and also honour the classic coins of his reign.
I’ve picked out some of my favourite designs to share with you today so you, too, can have the joy of discovering the most beautiful coins issued during King George III’s rule.
St George and the Dragon
Designed by renowned engraver Benedetto Pistrucci, the St George and the Dragon design is probably one of the most instantly recognisable motifs in numismatic history. The design first appeared on the modern Sovereign in 1817, when it was struck to replace the gold Guinea following the Great Recoinage Act of 1816, and it still appears on today’s Sovereigns. This made King George III the first monarch to appear on the modern Sovereign, so it’s only fitting really that he is commemorated on a new range of Sovereign coins.
Pistrucci’s iconic design also appeared on King George III’s 1818 Crown, the first type of Crown or Five Shillings to be issued in his reign. This Crown was the first ‘new’ Crown coinage to be struck, and significantly only 155,000 were ever minted – making it highly sought-after amongst collectors today.
The East India Company have chosen to strike a beautiful interpretation of this timeless design on the most prestigious Sovereign denomination – the Five Sovereign. The spectacular scene is framed by the Latin motto “hoit soit que mal y pense”, which translates to “shame on him who thinks evil of it” – the motto of the British chivalric Order of the Garter.
‘Counter Stamped’ Spanish Dollar
The cost of the French Revolutionary Wars, combined with the threat of invasion on the Welsh and Irish coasts, took its toll on the Bank of England resulting in members of the public demanding to withdraw large sums of cash. The result was a currency crisis, as the panicked public depleted the coin and bullion reserves of the Bank of England.
One thing was clear, a solution to the gold and silver coin shortage had to be found, and quickly. At the time most of the Bank’s reserves were held in the most popular coin of the time – Spanish Dollars. To fix the currency crisis King George III authorised the counter stamping of these Spanish Dollars with a ‘puncheon’ of the King’s head as part of the hallmarking. These modified dollars were released rapidly into the market, allaying the currency crisis.
In tribute to this iconic coin, the East India Company has replicated the design on a Double Sovereign piece. The reverse features an effigy of King Charles III of Spain inset with the effigy of King George III to represent the same process as the original Spanish Dollar coins.
Under King George III’s reign Britain witnessed the Great Recoinage Act of 1816, following which the favoured gold coin of the time, the Guinea, was replaced by the Sovereign. This was a huge moment for Britain in terms of its currency as the Guinea had become the very foundation of the British Empire’s growth during the late 17th and 18th centuries. Had the Guinea remained in use it would have been circulating at the time of Wellington’s victory at Waterloo!
In its heyday several different motifs featured on Guineas, but none is as famous as the Spade Guinea. Nicknamed because of the spade-like shield on its reverse, this design featured on the last ever circulating Guinea during King George III’s reign.
In fact, this is the only Guinea to feature this distinctive reverse design, and the Half Guinea issued in the same era is the only Half Guinea to also feature it. This makes the Spade Guinea one of a kind. It is this fact which makes the coin fascinating to collectors and historians alike.
Although the Guinea is no longer in circulation you may still come across its name from time to time in classic horse racing. The longstanding tradition of livestock being traded in Guinea values still exists in some auction houses and horse racing organisations because the name ‘Guinea’ is so intrinsically linked with the ‘sport of kings’.
And now this iconic deign has been faithfully replicated on a Sovereign, issued by the East India Company. It represents England, Scotland, France and Ireland, as well as the German possessions of the Hanoverian dynasty.
It goes without saying that this design is my favourite – the motif is so classic and steeped in history, what’s not to love? Do you have a favourite design, or perhaps you have another coin design from King George III’s reign you’d like to share? Let me know in the comments below!
If you’re interested…
You can secure the East India Company 2020 Sovereign now. The coin is impeccably struck to the same exacting standards as the UK sovereign – in 7.98 grams of 22 Carat Gold. All that differs is the design and – crucially – the edition limit. This new issue has a strict worldwide edition limit of 1,820 – over four times more limited than the UK 2020 Sovereign.
Introducing the brand new British Isles Gold Proof Sovereign released to commemorate the 75th Anniversary of VE Day!
Over the years, the popularity of various coins have come and gone. But none have stayed as unrivalled as the Gold Sovereign.
Quite simply, the Sovereign is without a doubt the world’s premier Gold Coin. Struck from 22 Carat Gold to the exact same specification since 1817, it epitomises all that is British.
Traded across the world during the 19th Century and early 20th Century, it became known as “The Chief Coin of the World”, whilst today’s modern Proof Sovereigns show consistent collector interest and regular sell-outs.
Most importantly for the thousands of Sovereign collectors around the world, it’s a coin that demands attention and the intricate detail and sell-out status remains unrivalled.
FIFTEEN TIMES more limited than the UK’s most recent Proof Sovereign
Serious collectors tend to look at three key things when choosing a coin to add to their collection.
When all three elements are right, you can’t go wrong. And that’s definitely the case with the BRAND NEW British Isles Gold Proof Sovereign that has just been issued by the Isle of Man for 2020.
1. The edition limit
2. The country of issue
3. The subject and design
Let’s take each of the three key elements in turn…
1. The edition limit
This is simple. The coin is limited to just 495 pieces. This is more than 15 times RARER than the UK’s recent Gold Proof Sovereign.
Let me give you a few comparisons of recently issued Sovereigns:
495 coins is a tiny edition limit for a gold Sovereign-specification coin such as this.
2. The country of issue
Importantly this is a British Isles issue, authorised by the Government of Isle of Man. That means that it benefits from a sterling denomination, as well as the associated interest for British Isles coins within the UK.
3. The subject and design
This is the BIGGEST of all the ticks, especially when combined with the edition limit.
This year we mark the 75th Anniversary of VE Day. The day which signalled the end of World War II in Europe and brought long-awaited peace to our nation.
Here are just some of the national plans to celebrate:
- The May Bank Holiday has changed from Monday to Friday for the VE Day anniversary.
- Bells in churches and cathedrals across the country will take part in a Ringing out for Peace celebration.
- Street parties and celebrations at pubs, clubs, hotels, village greens and halls have been planned up and down the country.
- A national service of commemoration and celebration.
As I mentioned previously, when all three elements of a coin are right, you just can’t go wrong. And I am certain that demand will exceed availability. Especially when a strike of just 495 coins have been authorised for release.
And that’s before you consider the design…
The reverse is very fitting. The Union Flag fills up the complete surface of the coin while the text ‘VE DAY’ is displayed up large at the centre.
So I am sure you can now understand why serious collectors will want to own the remarkable new VE Day 75th Anniversary Gold Proof Sovereign. It’s the perfect coin to mark 75 years since our country rejoiced as Allied victory swept across Europe and our nation’s soldiers, sailors and airmen began their journey home.
I know it’s easy to sing the praises of every new coin. But, this one REALLY DOES tick all three key collecting boxes. All of the elements of this latest Gold Sovereign lend themselves to a complete sell-out.
Given the symbolic anniversary, the fact it carries a sterling denomination, and a strike of just 495 coins have been authorised, I am certain that demand will exceed availability.