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Benedetto Pistrucci's classic Saint George and the dragon design appears on the reverse of this 1893 Melbourne mint Sovereign with a tiny 'M' mintmark to the ground line below the long-tailed horse, indicating its place of origin.
1893 was the final year that Sovereigns were struck with Sir Joseph Edgar Boehm's 'Jubilee Head' bust of Queen Victoria, which shows her wearing a small crown. The inscription reads 'VICTORIA D: G: BRTITT: REG: F: D:'.
Like all modern Sovereigns, this coin was originally struck in just under eight grams of solid 22-carat gold to a strict specification established in 1817. They measure 22 millimetres in diameter from milled edge to milled edge.
Marsh's guide to British gold Sovereigns records that some 1,649,352 'full' Sovereigns were struck at the Melbourne branch of the Royal Mint in the 1893 calendar year, making this a scarce date.
Historic branch mint Sovereigns like this Melbourne coin were issued as currency, with most surviving examples showing evidence of normal wear and tear, commensurate with their age and their grade.