I bought a Sovereign last year and hit the beaches. I found plenty of coins and assorted junk, but that first gold ring eluded me. Finally today the AU gods smiled upon me and I scored a nice ring. In fact, my first ring was 14k white gold (stamped 585) and had 79 diamonds. It was well worth the wait. Thanks to all for answering my questions and getting me pointed in the right direction. Now for the bad news...It fit my wife's finger. So much for selling it to by more toys...lol
mick
mick