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Posted: 2/15/2013 11:17:03 AM EDT
Hello Gentlemen. I have a question for you all. Probably a silly question to you all. Lately I've been reading alot of Sir Arthur Conan Doyle and I have been wondering if the coin referred to as the Sovereign is still in use as common currency in England today?
Thank you,
Link Posted: 2/15/2013 12:11:31 PM EDT
Link Posted: 2/15/2013 5:28:23 PM EDT
In short, they are like silver dollars (but worth a lot more). They have a nominal value; however they cost a lot more!

It's about £500 for a new sovereign:

Link Posted: 2/15/2013 5:38:01 PM EDT
The modern one pound coin, not being gold, gets none of the respect a sovereign from Sherlock Holmes would. As a matter of fact, 2-3% of ALL pound coins are fakes. I thought that was an exaggeration, till I bought 120 or so coins (at a very good rate) from a local dealer. I carefully looked at all of them, there were 2 definite fakes (legend and reverse mismatch), one possible fake. In reality nobody looks at them, and the fakes work in coin machines.
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