Issued between 1558 and 1603, the Elizabeth I Sovereign was considered such a remarkable coin that it was rarely seen outside of noble circles. Unlike most gold and silver coins, which changed hands often, the Elizabeth I Sovereign was reserved for appearances in Court and special occasions. In some instances, a Sovereign was given personally by the queen to respected playwrights and actors after a performance – a gift never to be spent in the lifetime of the recipient.
These coins were the jewel of Renaissance coinage and were minted from nearly pure gold. Their introduction was a turning point from the economic uncertainty and questionable money in circulation towards the end of her father’s rule. The Elizabeth I Sovereign is a reminder of hope and prosperity, even in uncertain times.
This coin is gold "Fine" Sovereign of 30 Shilling which is the 6th issue of 1583-1600. The coin depicts Queen Enthroned with a portcullis at her feet with the legend around. It is struck on a full broad flan. The reverse of the coin depicts a royal shield over a Tudor rose.
Image Courtesy: coins.ha.com