Every circulated coin has a grading level at which serious rarity kicks in and for us that’s the point at which a collectible becomes an investment piece. The point at which rarity kicks in for the 1855 Sydney Mint Sovereign is Extremely Fine or higher.
To highlight the extreme scarcity of quality ’55 Sovereigns we make the point that the 1855 Sydney Mint Sovereign in the upper quality levels (Extremely Fine and above) is about four times as scarce as the 1852 Adelaide Pound in a comparable quality level.
And it’s a fair comparison, the 1855 Sovereign is the nation’s first gold sovereign officially sanctioned by the British Government, the 1852 Adelaide Pound is the nation’s first gold coin struck as an interim measure to resolve a currency crisis in South Australia.
And yet the price levels are comparable. That’s an anomaly that has to be addressed and in our view, coins such as this 1855 Sydney Mint Sovereign have the potential to double in price.
At Coinworks we have a very deep respect for history and this is clearly evident in the style of coins that we offer. Highly historical coins have a relevance beyond the industry. They are pieces that appeal to the widest possible buying audience which is why at Coinworks, they are always our preference. And it is history that underpins demand and fosters price growth.
The 1855 Sydney Mint Sovereign is history that you can hold in your hand. It is history that can be passed to the next generation. Its status as Australia’s first sovereign ensures that it will never be forgotten. As time passes, its historical value can only increase.