Wikipedia:WikiProject Numismatics/newsletter/January 2020

Announcement
It's a new decade, one that will no doubt be filled with historic numismatic events. New currencies will be created and old currencies will be phased out. Who knows, maybe a surviving 1964 Peace dollar will be discovered. Whatever it will be, we as a WikiProject will continue to contribute new numismatic knowledge to Wikipedia throughout the 2020s and beyond.

Article of the Month
The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling. Struck from 1817 until the present time, it was originally a circulating coin accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In most recent years, it has borne the well-known design of Saint George and the Dragon on the reverse; the initials (B P) of the designer, Benedetto Pistrucci, are visible to the right of the date.

The coin was named after the English gold sovereign, last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling (1.05 pounds) guinea struck until that time. The Master of the Mint, William Wellesley Pole, had Pistrucci design the new coin, and his depiction was also used for other gold coins. Originally, the coin was unpopular as the public preferred the convenience of banknotes, but paper currency of value £1 was soon limited by law. With that competition gone, the sovereign not only became a popular circulating coin, but was used in international trade and in foreign lands, trusted as a coin containing a known quantity of gold.

The British government promoted the use of the sovereign as an aid to international trade, and the Royal Mint took steps to see that lightweight gold coins were withdrawn from circulation. From the 1850s until 1932, the sovereign was also struck at colonial mints, initially in Australia, and later in Canada, South Africa and India—they have been struck again in India since 2013 (in addition to the production in Britain by the Royal Mint) for the local market. The sovereigns issued in Australia initially carried a unique local design, but by 1887, all new sovereigns bore Pistrucci's George and Dragon design. Strikings there were so large that by 1900, about 40 per cent of the sovereigns in Britain had been minted in Australia.

With the start of the First World War in 1914, the sovereign vanished from circulation in Britain, replaced by paper money, and it did not return after the war, though issues at colonial mints continued until 1932. The coin was still used in the Middle East, and demand rose in the 1950s, which the Royal Mint eventually responded to by striking new sovereigns in 1957. It has been struck since then both as a bullion coin and, beginning in 1979, for collectors. Though the sovereign is no longer in circulation, it is still legal tender in the United Kingdom.

Project

 * The 2019 US Banknote Contest has ended. It was the first contest to be run by WikiProject Numismatics.  However, due to the fact that there were only 3 participants (only one of which actively participated) and some controversy over the method of invitation, it will likely be the last US Banknote Contest.  Nonetheless, it provided Wikimedia Commons with 220 new currency images for use in the various Wikimedia wikis.

Content
Featured Articles
 * Cscr-featured.svg San Francisco–Oakland Bay Bridge half dollar

Miscellaneous

 * Have a happy new year!

Did You Know...

 * ... that ancient Gupta art of India includes gold coins commemorating the Ashvamedha Vedic horse sacrifice (example pictured)? (December 18)

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