Gold Coins From India

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The Indian Gold Coins: Sizes and Designs

The history of the gold coins produced in India was influenced by the foundation of the British Royal Mint’s branch in Bombay. The most popular gold item produced by the Bombay Mint was the 1918 Indian Coin – the Gold Sovereign. The Bombay Mint, also referred to as the Mumbai Mint, was established back in 1672, being one of the oldest Asian mints. It manufactured coins for the East India Company, the later administrations up until the present day. In 1918, a gold refinery was established in the Bombay Mint having the purpose of refining South African gold and recycling Indian Gold. The Indian Sovereign coin was only struck during this year and carried the “I” mintmark on its reverse side, being made of 0.2354 oz. of .9167 pure gold. Over 1 million Indian Gold Sovereign Coins have been minted, yet some of the coins were melted down, making these coins very rare collectibles, in addition to their limited one-year release.

The Indian Gold Sovereign Coins

The single most well-known design of Indian Gold coinage is the Indian Sovereign. On the obverse side of the coin is depicted the image of the reigning monarch in 1918, King George V, who was the only monarch whose effigy was depicted on all sovereigns minted at all the branches of the Royal Mint and the last king to grace the sovereign, due to the demise of the gold standard, collapse of the international monetary system and the World War I. Just like all the gold sovereigns, on the reverse side of the coin is depicted the famous design made by the Italian engraver, Benedetto Pistrucci, in 1817, the image of Saint George mounted on horseback while slaying a dragon.

If you would like additional information about Gold Coins minted in India, please don’t hesitate to contact a Bullion Exchanges team member at 800.852.6884, online via our live chat, or via email at info@bullionexchanges.com.