Posts Tagged ‘Sovereign’
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
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The 2014 Gold Sovereign is available in a limited edition DateStamp™ Presentation of just 995 pieces –now sold out.
The low-key Christening that’s of high interest to collectors.
Prince George Louis Alexander of Cambridge is set to make his second public appearance in his early life, amid a frenzy of public interest both here and around the world.
However, when the young Prince is baptised at the Chapel Royal in St James, there could be fewer than 60 people in attendance. All the public will see and hear of the 45-minute ceremony is the official photos and a few details which William and Kate choose to release the following day. So far the only photographs are family snapshots taken by Kate’s father Michael Middleton.
Australia have released their own Prince George commemorative coins
William and Kate’s wedding along with Prince George’s birth on 22nd July has been credited with bolstering the popularity of Britain’s Royal family both home and abroad.
Millions of people around the world watched live coverage of the Duke and Duchess leaving the hospital with their sleeping son – the only public sighting of George to date.
Australia and Canada among other Commonwealth countries have issued their own tributes to Prince George as the popularity of the Royal family continues to grow internationally.
In fact, Australia was the first major country to feature an image of young baby George on a commemorative coin – with a design portraying him with his proud mother and father.
Despite being held behind locked gates, royal fans are still expected to descend on St James’ Palace to soak up the atmosphere and wait patiently for a glimpse of the young Prince.
By removing the grandeur of the occasion, there is secrecy and intrigue surrounding the ceremony which has led to a surge in demand from collectors looking for a keepsake from what remains a hugely significant Royal event.
The DateStamp Royal Christening Sovereign is a collector’s favourite
In terms of commemorative coins, limited edition issues like the DateStamp™ Royal Christening Sovereign have been snapped up. Collectors not only look for the history and heritage of a Sovereign which you would expect for a future King, but also recognise the unique appeal of an Official Royal Mail postmark on the day of the Christening which captures the moment forever. With an edition limit of only 495, there has been a last-minute scramble to try and secure one.
Traditionally, it is seen as good fortune to cross a newborn’s palm with a silver coin, which also explains the incredible popularity of the Prince George Silver Proof £5 – struck from Sterling Silver and limited to just 2,013 pieces.
It’s certainly not a day that young George will remember, but for millions of others around the world, the christening of the future King of England is a day to be commemorated.
What would you do with the Gold Sovereign?
We’re just a few weeks away from the Royal Mint releasing the details of the new 2013 Gold Sovereign – but what will they do for 2013 – 60th Anniversary of the Coronation Year?
The 2012 Gold Sovereign featured a new one-year-only St George & the Dragon design to celebrate the Diamond Jubilee.
This year has seen one of the most popular years ever for the Gold Sovereign with the Proof Coin and key sets selling out in little more than a few weeks.
But what was the cause? The fact it was Diamond Jubilee Year? The new one-year-only St George & the Dragon design?
All Change for 2013?
And, more importantly, what should the Royal Mint do this year? Return to the classic Benedetto Pistrucci’s classic St. George & the Dragon or create a new design to celebrate the Coronation Anniversary?
Have your say below…