How much is a pound of gold worth today? If you are asking yourself this question, the article that you can read in the next lines is for you.
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Gold sovereign: what is the value?
As we are writing these lines, the value of the gold pound corresponds to approximately 265 euros. To understand why, it is necessary to remember that, when it comes to this coin, a piece in gold is also framed at about 91.7%.
To be precise, it is necessary to remember that the price quoted above is for the demand. Regarding the offer, it is necessary to remember that we are around a value of 300 euros.
History of the gold pound
After seeing what a gold pound, let’s try to understand together which are the most important stages of its history. First of all, it must be remembered that the coin in question was first minted in 1489, at the time of King Henry VII. This, however, is the first version. The second dates back to 1817 and was characterized by the presence of St. George intent on killing the dragon.
Another important stage in the history of gold pound it is 1914, the year in which this currency was withdrawn from circulation due to the abandonment by the United Kingdom of gold as a monetary unit.
Things changed further in 1957, the year in which the minting of the gold pounds. In this case, the Bank of England has moved with a very specific purpose, namely that of putting a stop to the production of counterfeit coins by Italy and Syria.
This activity had seen a strong impulse following the aforementioned cessation of production dating back to 1914. A further watershed is instead 2000, the year in which the production of investment gold pounds began.
What affects the value of the gold pound?
At this point, it is natural to ask what affects the value of the gold pound. There are basically two factors to consider:
- On the one hand, the price of gold at a given moment is fundamental, in turn influenced by aspects such as the value of the dollar, a currency with which the precious metal has an inverse proportionality relationship, and the decisions of central banks.
- On the other hand, however, the numismatic value of the rare piece has a great influence. At this juncture, aspects such as the year in which the single gold pound was minted come into play, but also from its state.
We conclude by recalling that, to buy gold pounds online, it is advisable to turn only to specialized sites, such as Catawiki for example.
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