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    Description

    Highest-Certified 1917 Sovereign

    George V gold Sovereign 1917 MS65 NGC, KM820, S-3996, Marsh-219 (R5). An unbelievable marriage of rarity and grade: the single highest certified example of the celebrated 1917 London Sovereign. This type was not always as elusive as it is today; unlike other rare Sovereigns such as the 1819 and 1920-S both of which always existed in extremely limited numbers, the mintage of 1917 Sovereigns actually exceeded one million. Unfortunately, almost the entirety of this number were retained by the Bank of England, and later exported to Fort Knox after WWI as payment for accrued war debts to the US. After the passing of the Gold Reserve Act in January 1934 (the same act which created such a rarity in the US Double Eagle of 1933), all the 1917 Sovereigns held in the US were melted down and re-barred, leaving just a handful in existence. Just 34 examples of this rarity have been graded by either NGC or PCGS, and of this number the present offering represents the only gem level example; positively aglow with cartwheel luster, the devices bold and well-struck, the fields curiously speckled as if struck with a rusty die but bearing very few contact marks or hairlines. An MS63 example of this rarity realized $28,800 in our September 2018 Long Beach sale, and we can only anticipate the response this present piece will receive being the finest known of such a highly contested date.



    Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

    Auction Info

    Auction Dates
    April, 2019
    25th-29th Thursday-Monday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 2,268

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