George V Sovereign 1918 – India, Bombay Mint
Description This George V, India Bombay Mint, gold sovereign is dated 1918. The branch mints, in this case ‘I’, can be identified by a small mint mark, shown beneath St. George and the Dragon. This coin was struck in India at the Bombay Mint for one year only and has a mintage of 1,294,372. During 1918, the German Navy were targeting boats carrying gold to London from South Africa. As a result, the gold was shipped to India secretly in order to strike sovereigns, to help aid the British war effort. George V Gold Sovereign coins were minted by the Royal Mint between the years 1911-1932. George V reigned during a turbulent era for the Royal family and Great Britain. He reigned throughout World War I and during the Great Depression. Thus, the production of the [George V Sovereign](https://www.atsbullion.com/product/george-v-sovereign/) coins were sporadic and does not span the duration of his reign. In 1817 as part of a reform of coinage, the modern sovereign was introduced, with Benedetto Pistrucci’s classic portrayal of St. George slaying the dragon. The initials ‘BP’ can be found on the base under the hoof of the horse. The obverse of the coin features the portrait of George V. These coins benefit from being Capital Gains Tax (CGT) and VAT free. All UK gold and silver bullion coins manufactured by the Royal Mint are legal tender and are exempt from Capital Gains Tax. All of our coins and sets are verified for authenticity by our experienced team. Any coins that fall short of our quality standards are not re-sold. As members of the [BNTA](http://www.bnta.net/) we ensure that our reputation as a reputable dealer of gold and silver coins and bars is upheld, whether a purchase is for our “best price” or brand new coins.