Owning an example of Australia’s very first gold coin, the 1852 Adelaide Pound, is for many collectors a lifetime’s ambition. The coin is rare and is highly valued. So finding an example that doesn’t break the bank is no easy task.
And that’s where Coinworks comes in.
We do the hard work for our clients only taking up those Adelaide Pounds that we believe offer value for money and that are positioned to embrace growth.
We also look at the aesthetics. Gold is a soft metal and the rigours of circulation have treated the majority of Adelaide Pounds harshly.
Most of the coins that we see (and reject) have serious edge knocks and obvious flaws that are clearly visible to the naked eye.
Not so with this coin. This Adelaide Pound is as far as we are concerned the perfect package.
Yes it has circulated but it is a beauty; a superb piece of 22 carat gold with an aged golden tone. That the coin has somehow managed to survive the last one hundred and sixty two years relatively unscathed is miraculous.
Furthermore it is well struck which is extraordinary given the factory-like conditions of the Government Assay Office and the well documented problems that occurred during the striking.
History records that production of the Adelaide Pound was plagued with problems. The pressure applied cracked the first die. Reduced pressure was therefore used on the second die. But that decision also had its consequences.
The majority of Adelaide Pounds struck with the second die show extreme weakness in the denticles and the area of the legend ‘Assay Office’. This coin shows strength in the legend and in the denticles.
The outstanding quality attributes of this piece and the unique historical status of the Adelaide Pound ensure that this coin will always be sought after.
This is a coin that you will be proud to show your family and friends.
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