Few coins in history match the allure, rarity, and staggering value of the 1937 Edward VIII Gold Sovereign. Often referred to as the “£1 Million Coin,” this elusive piece is a crown jewel in the numismatic world, not just for its gold content, but for the exceptional story behind it.
Why the Edward VIII Sovereign Is So Rare
The key to this coin’s value lies in its origin. King Edward VIII ascended the British throne in January 1936, but his reign lasted less than a year.
His decision to abdicate the throne in December 1936, in order to marry Wallis Simpson, brought a sudden halt to plans for official coinage bearing his image.
As a result, no Edward VIII coins were released into public circulation. However, a few pattern coins—trial pieces made for approval purposes—were produced by the Royal Mint. Among them was the gold sovereign, struck in 22-carat gold and never officially released.
What Makes It So Valuable?
Several factors contribute to the extraordinary valuation of this coin:
- Historical significance: The coin represents a rare moment in British history—a monarch who never had a coronation and reigned for less than a year.
- Ultra-low mintage: Only a small number of 1937 Edward VIII sovereigns were ever created, and only a few exist in private hands today.
- Unique design: Edward VIII broke from tradition by choosing a left-facing portrait—the same as his predecessor, defying the alternating profile custom.
- Gold content: Made from 22-carat gold, it also holds intrinsic material value.
All of these factors combined make it one of the most desirable coins for collectors and investors globally.
Coin Specifications
| Feature | Details |
|---|---|
| Monarch | King Edward VIII |
| Year | 1937 |
| Type | Gold Sovereign (Pattern coin) |
| Metal | 22-Carat Gold |
| Weight | ~7.98 grams |
| Diameter | 22 mm |
| Obverse Design | Left-facing portrait of Edward VIII |
| Reverse Design | St. George slaying the dragon |
| Edge | Milled |
| Mint | Royal Mint |
| Estimated Value | Over £1,000,000 |
Famous Sales and Value Appreciation
Over the past few years, the 1937 Edward VIII Sovereign has made headlines due to its jaw-dropping auction prices. It has consistently broken records for British coin sales, with valuations pushing past the £1 million mark. Due to limited ownership, whenever one appears for sale, bidding wars erupt among elite collectors.
The 1937 Edward VIII Gold Sovereign is not just a rare coin—it’s a historical artifact representing a turbulent chapter in royal history.
Its combination of royal intrigue, rarity, and craftsmanship makes it one of the most valuable coins ever produced. If you ever come across one, you might just be holding a million-pound treasure in your hands.
FAQs
How many 1937 Edward VIII Sovereigns exist?
Only a few known specimens are believed to be in private ownership, with the rest held in museums or institutional collections.
What makes Edward VIII’s coin portrait unusual?
Unlike tradition, Edward VIII faced left, the same direction as his father George V, breaking the alternating side rule followed by past monarchs.
Can you buy this coin today?
Only if you’re lucky. Occasionally, one surfaces at a high-profile auction, but buyers should expect to spend over £1 million.