We have addressed the importance of the 1855 Sydney Mint Sovereign in our introduction. We have also addressed its rarity. But perhaps the most important issue for the buyer is its price potential.
The 1855 Sydney Mint Sovereign is Australia’s first official currency, our first gold sovereign. The 1852 Adelaide Pound, struck three years earlier, is Australia’s first gold coin.
Both coins are extremely popular with collectors. They were minted from 22 carat gold: gold being our most popular collecting metal. And they have a special place in our history that ensures that they will always be sought after, underpinning their future price growth.
So it is inevitable that a rarity/price comparison will be made between the two.
It is a statement of fact that the 1855 Sovereign in the upper quality levels is about four times as scarce as the Adelaide Pound. And yet the price levels are comparable. That’s a price anomaly that has to be addressed over time.
Coins such as this 1855 Sydney Mint Sovereign have the greatest potential for growth.
Why are so many Australian collectors pursuing a Portrait Set?
A complete sovereign collection is comprised of nearly 200 coins and that’s overwhelming for even the most financial of collectors. And potentially frustrating given the time that it would take to complete.
That’s why so many collectors take the short cut of completing a portrait set. The sense of completeness is definitely there. And the financial burden is substantially reduced.
The Australian Sovereign series ran from 1855 to 1931 and during this time eight different portraits were used, five of Queen Victoria, one of Edward VII and two of George V.
So a complete portrait set of Australian sovereigns involves only eight coins.
And why would this 1855 Sydney Mint Sovereign be a great choice for the Set?
The reality is collectors only have two choices for the Type I Sydney Mint design, they being 1855 or 1856.
And in high quality they are simply not always available.
This coin is rare. This coin is affordable. And this coin is superb for quality. Showing just the slightest wear to the high points, it still retains its original lustre.