I have a 1926 Gold Sovereign that has the likeness of King George V. On the back at the base of the horse, there is a mark that reads "M.P.". Is that the mint mark or an engraver's initials?
It could be a modern bullion reproduction. I have read quite a bit of discussion about fake sovereigns made from real gold coming in from the Middle East. They will look "off", like they will have two mint marks (like yours), or a date on the coin not corresponding to the monarch of the coin (as though it were a mule), or other little weirdnesses.
From what little I know there were NO sovereigns with an MP mintmark. The only mintmarks were
S = Sydney, M = Melbourne, P = Perth, C = Ottowa, I = Bombay, SA = Pretoria
and the London mint used no mint marks.
hmmm I can't tell much from the photos, but why would you buy something when you didn't even know what it was???!!??
silly, I'd advise going back to him and just asking for some more info. Hopefully it's genuine, and if there are any other coin dealers in the area a second opinion wouldn't hurt
I asked several dealers about it and they said it was genuine from that time period and had the same mass as the original coins. They said the M.P. might be an engraver's initials like the V.D.B. found on some wheat pennies.
MP Is the engraver of the reverses' initials I think its Mario Pistrucci or something lol.
If there's no letter within the "ground" on the image in the dead centre it'll be a London mint.
I added the purple arrows - the left is the mint mark (at centre of base of design), and the right is the designer's initials (to right of date). That one shown is 1926S for Sydney designed by Benedetto Pistrucci.
Thank you all. I feel sort of stupid for mixing those marks up,but I am not very good with foreign coins (non--United States). I guess I could consider this a brief foray into foreign coins.