Sovereign - Victoria, Young Head Shield Back
Often referred to as 'Shield Backs', some Queen Victoria Young Head Sovereigns feature a shield design on the reverse (tails) side of the coin, instead of the familiar St. George & the Dragon design. Shield back Sovereigns were minted between 1838 and 1887, with the exception of 1840, 1867 and 1876.
These coins were struck in coin alignment, instead of medal alignment. If you hold the coin with the shield facing you, between your thumb and forefinger (top & botton), and then rotate the coin, the obverse (heads side) will appear to be upside down. A common misconception is this is an error, however this perfectly normal.
They were minted at The Royal Mint in London and provincial mints in Sidney and Melbourne. Sidney and Melbourne mint examples can be identified by a letter 'S' or 'M' under the shield, between the conjoined rose, thistle and shamrock.
All Sovereigns make an attractive investment option as they are exempt from VAT and CGT (Capital Gains Tax).
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