Crown Gold in England
- The alloying metal in England is traditionally restricted to copper.
- Copper is used for the current British gold sovereign.
- In 1887, 1.25% silver replaced copper in the gold sovereigns to improve the effigy of Queen Victoria.
- Copper and silver have been used in varying proportions elsewhere.
Crown Gold in Circulating Coins
- Until 1834, gold circulating coins in the United States were minted in 22 kt crown gold.
- From 1834, the fineness of U.S. coin gold decreased to 0.8992 fine and in 1837 to 0.900 fine.
- The 90% gold-copper alloy continued in the U.S. until gold coins were removed from circulation in 1933.
- The South African Krugerrand, produced since 1967, uses the traditional crown gold recipe.
- The Krugerrand was originally intended for circulation as currency.
Crown Gold in Bullion Coins
- Most current gold coinage is intended as bullion and not designed for circulation.
- Gold bullion coins are commonly 24 kt, 0.999, 0.9999, or even 0.99999 fine.
- Some bullion coins, like the British sovereign, Krugerrand, and American Gold Eagles, follow the crown gold standard.
The Great Debasement (related topic)
- The Great Debasement is a related topic to crown gold.
References
- Dodd, Agnes (1911). History of Money in the British Empire & the United States.
- Discover the Sovereign. The Royal Mint.
- American Eagle Gold Bullion Coins. U.S. Mint.
Crown gold Data Sources
| Reference | URL |
|---|---|
| Glossary | https://harryandcojewellery.com.au/blogs/glossary/crown-gold |
| Wikipedia | http://en.wikipedia.org/wiki/Crown_gold |
| Wikidata | https://www.wikidata.org/wiki/Q5189493 |
| Knowledge Graph | https://www.google.com/search?kgmid=/m/02qly3f |