sovereign


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.

sovereign

1. a person exercising supreme authority, esp a monarch
2. a former British gold coin worth one pound sterling

Sovereign

 

a gold coin of Great Britain, first minted in 1489 and originally containing 15.47 g of pure gold. After Great Britain adopted the gold standard in 1816, the sovereign became the basic monetary unit, equal in weight to one pound sterling (7.32 g of pure gold). Minting of the sovereign for internal circulation was discontinued in 1917, but the coin is still for sale on the international gold market.