1916 Sovereign PCGS MS64
Some time after 1916, the US central bank received a large number of 1916 sovereigns as payment from the UK government for services related to WWI. After 1933, when the US went off the gold standard, all gold held by the US government was barred. Many collectors believe that this is how a large quantity of 1916 (and 1917) sovereigns met their fate. Today, the 1916 sovereign is relatively scarce and very difficult to source. An underrated date, in my view. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale). Some time after 1916, the US central bank received a large number of 1916 sovereigns as payment from the UK government for services related to WWI. After 1933, when the US went off the gold standard, all gold held by the US government was barred. Many collectors believe that this is how a large quantity of 1916 (and 1917) sovereigns met their fate. Today, the 1916 sovereign is relatively scarce and very difficult to source. An underrated date, in my view.