alt Hacker NewsAnother way to look at it. At that time a £1 coin was a gold sovereign, one of which is worth £800 today. Which makes it £28,800.
Another way to look at it. At that time a £1 coin was a gold sovereign, one of which is worth £800 today. Which makes it £28,800.
I remember when the pound coin was first minted and I am 55 years old.
In 1915 or so, a single pound (GBP int al) was a banknote ie paper money and was thus until the coin took over in the '80s I think it was. The pound coin is not made of gold.
A gold sov. is something completely different. However "sov" is a nickname or perhaps a euphemism for a pound (GBP).