1852 Adelaide Pound First or Cracked Die


1852 Cracked Die Obvb&b
1852 Adelaide Pound First or Cracked Die
COIN
1852 Adelaide Pound First or Cracked Die
QUALITY
about Extremely Fine
PROVENANCE
Private Collection NSW
PRICE
$88,000
COMMENTS
Don’t assume that the Adelaide Pound struck with the first die is the same as that struck with the second. For the coins were struck with distinctly different reverse dies. The very reason why most collectors aspire to acquire one of each. The difference extends beyond its design. The first reverse die was used to produce approximately forty coins before a crack developed in the DWT area of the legend making it amazingly scarce. In fact, one of the scarcest of our colonial coin rarities.
STATUS
Available now
1852 Cracked Die Revb&b
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History records that the striking of Australia’s very first gold coin at the Adelaide Assay Office was plagued with problems. Excessive pressure exerted during the minting process cracked the first obverse die. A second obverse die was then taken up to continue striking coins.

First die? Cracked Die? Second die? It all sounds a little bit pedantic but it is a fact that the designs of the first two dies used in the production of the Adelaide Pound were different. The first die featured a beaded inner circle and produced approximately 40 coins before a die crack was noticed. (That’s why the terms First Die and Cracked Die are synonymous.)

1852 Adelaide Pound Cracked Die

A second die, featuring a  crenellated inner circle , was then taken up and was used to strike a further 24,600-plus coins.

Not only is there a distinct design difference between the coins struck from the first and second die, what is obvious from the figures is that those Adelaide Pounds struck using the first die are incredibly rare. Our experience affirms its rarity. In a career that spans forty-plus years we have handled less than ten examples.

Having accepted the rarity of the coin we now move on to discuss the quality levels that are available to buyers.

It is a fact that the majority of Adelaide Pounds from the first run are found today well worn. And that is not surprising. Because the die cracked, the coin was viewed as being faulty, so very few examples out of the first run were kept as souvenirs.

The Cracked Die Adelaide Pound is an iconic Australian rarity with less than forty examples available to private collectors, across all levels of quality.  

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