They say a picture is worth a thousand words. This statement may well have been written for this 1852 Adelaide Pound for it is a stunner.
The coin has been brilliantly preserved with beautiful aged golden tone. The striking is precise, the cross on the top of the crown, the fleur de lis and the lower band of the crown are crisp. The coin has undergone just a whisper of circulation.
For many Australians owning an Adelaide Pound is a lifetime’s ambition. As the nation’s very first gold coin it is a highly significant piece. It also is one of our most beautiful pieces of currency.
Struck without Royal approval, the Adelaide Pound is Australia’s first gold coin. It was issued under the Bullion Act of 1852, a piece of legislation that was passed by the South Australian Legislative Council in a desperate bid to stimulate a dispirited and ailing economy.
Passing the Act was one of the quickest pieces of legislation on record with the whole proceedings taking less than two hours. It was an invasion of the Royal Prerogative and a distinct interference with the currency, but it saved the South Australian colony from insolvency.
The outstanding quality of this piece and the unique historical status of the Adelaide Pound ensure that this coin will always be sought after.