Sterling Gold
gold having the value or fineness of the standard established by the British Government. It consists of 22 parts (called carats) of pure gold and two parts of alloy, either silver or copper. But fancy gold articles may be manufactured with only 15, 12, or even 9 carats of gold and the rest alloy. One pound Troy of standard gold is coined into 46 sovereigns. There remains a small fraction over; but 46 sovereigns will do for a pound Troy weight. A sovereign weighs 5 dwts. 3.27447 grains; but 5 dwts. 2½ grains is a legal tender. The Bank of England gives 46£ 14s. 6d. a pound for gold.