1828 George IV Gold Sovereign Coin
Estimated Market Value by Grade
Prices vary wildly based on the coin’s condition and professional grading (e.g., NGC or PCGS).
Fine (F): Approximately £6,000 / $8,400.
Very Fine (VF): Approximately £15,000.
Extremely Fine (EF): Approximately £30,000.
Uncirculated / Record Prices: Average prices for high-grade specimens are around $19,000, with record auction prices reaching $52,800 in January 2025.
Estimated Market Value by Grade
Prices vary wildly based on the coin’s condition and professional grading (e.g., NGC or PCGS).
Fine (F): Approximately £6,000 / $8,400.
Very Fine (VF): Approximately £15,000.
Extremely Fine (EF): Approximately £30,000.
Uncirculated / Record Prices: Average prices for high-grade specimens are around $19,000, with record auction prices reaching $52,800 in January 2025.
Why is it so valuable?
Low Survival Rate: Although the official mintage was 386,182, most coins produced in 1828 actually used 1827 dies. Coins actually dated “1828” were likely only minted in the final months of the year, leading to extreme rarity.
Condition Issues: Many surviving 1828 sovereigns were heavily circulated or used in jewellery, making well-preserved, “bare head” examples highly sought after by elite collectors.
Investment Status: It is frequently referred to as a “trophy coin” for investors due to its scarcity and historical significance.
Technical Specifications
Gold Content: 91.6% (22 carat).
Weight: 7.98 grams (contains approx. 0.2355 oz of pure gold).
Design: Features the “Bare Head” portrait of George IV by William Wyon and a Crowned Shield reverse by Jean Baptiste Merlen.
Note on Replicas: Be cautious of “Pobjoy Mint” restrikes or modern replicas, which are common and worth significantly less than an original 1828 sovereign.