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.
The new 2020 Gold Proof Sovereign was released yesterday, but you may only have days to own one. Let me tell you why…
We’re in the golden age of the Proof Sovereign. As you may know, the Proof Sovereign has become the UK’s flagship annual release that’s highly sought-after worldwide.
As you can see, recent UK Gold Proof Sovereigns have an undisputed track record of completely selling out. Many with a matter of weeks.
Special one-year-only mint mark
In 2020 we mark the 200th anniversary of King George III’s death – the first monarch to appear on the modern Sovereign. To commemorate this, the Proof Sovereign features a special one-year-only royal cypher mint mark.
George III’s reign is one of the most important in the history of UK gold coins. That’s because it was in his reign that the iconic Sovereign was re-introduced, making him the first monarch to feature on the modern day sovereign, and one of the most famous gold coins in British numismatic history.
One-year-only mint marks are only applied to coins for the most significant events and anniversaries and this is certainly an important one. In fact, it’s unlikely we’ll ever see a combined Royal and numismatic anniversary as significant as this in our lifetimes.
‘22 Carat Gold Pedigree‘
The 2020 Sovereign is minted from 22 Carat Gold and it is this historical pedigree that makes the coin so admired and sought-after around the world.
It is also one of the finest examples of British craftsmanship. The exceptional ‘proof’ finish is the result of the coin being struck up to 4 times using specially polished dies.
The time and effort required to produce the frosted relief and mirrored background of the coin is why a proof finish is considered the pinnacle of the mint-masters art – and the most sought-after by collectors.
And with an edition limit of JUST 7,995 worldwide – a lower edition limit than the 2018 Sovereign that also featured a special mint mark and COMPLETELY SOLD OUT in a matter of weeks – this year’s Proof Sovereign has all the elements to be the most collectable gold coin of the year.
If you’re interested…
You can secure the 2020 Gold Proof Sovereign now, but you’ll have to act quickly. You can secure yours today for a down payment of JUST £59.50 followed by nine further interest-free instalments – the most affordable way to own the new coin.
Would you like a precious keepsake, for yourself of a loved one, without breaking the bank?
Crafted from solid 24 Carat Gold and available for JUST £75 (spreadable across 3 payments of £25), these remarkable coins are just that.
We at Collector’s Gallery can’t get enough of these fantastic coins. And due to the demand and immediate sell-outs of the first two coins, I have the pleasure of announcing our Small Gold range!
Struck from Pure Gold, these coins have helped cause a worldwide collecting craze. Known as ‘small gold’ – they’re just under 14mm in diameter! Often struck in unusual shapes, small gold coins have proven to be extremely popular among collectors worldwide over the last few years. Not least because of the intricate craftsmanship used to create such an unusual shape at such a size. It really is impressive.
If you’re interested…