1860 Sydney Mint Sovereign


1860 Sydney Mint Sovereign
1860 Sydney Mint Sovereign
COIN
1860 Sydney Mint Sovereign
QUALITY
Choice Uncirculated
PROVENANCE
Private Collection Melbourne
PRICE
$ 28,000
COMMENTS
From the day this 1860 Sydney Mint Sovereign was struck, it was destined to become a prized collector piece for the striking is outstanding: the design intricate, highly detailed. Given that this sovereign was struck in factory-like conditions at the nation’s first mint – the Sydney Mint - it makes the coin all the more remarkable. Furthermore it has been brilliantly preserved, painstakingly wrapped up into a minute parcel in tissue paper, hidden away for decades. The surfaces are superb. The denticles crisp, the coin still shows its original lustre.
STATUS
Sold April 2016
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The value of any coin is a composite of the finesse of the striking how well it has been preserved in the intervening years. This 1860 Sydney Mint Sovereign scores highly on both counts.

The 1860 Sydney Mint Sovereign is one of the prized rarities in the Sydney Mint Sovereign series. The series ran from 1855 until 1870 with two obverse designs being used over this 16 year time frame. The first appeared between 1855 and 1856 and the second between 1857 and 1870. Two dates are regarded as the absolute key dates of the second obverse design series: 1858 and this coin, the 1860.

It is an elusive coin in any quality. But the coin on offer here is just not ‘any quality’. This coin is ascribed the higher grading level of Choice Uncirculated.

It is on record that we sold an Uncirculated 1860 Sydney Mint Sovereign two years ago, in March 2014. Prior to that, the only quality example that we had come in contact with was at the sale of the famous Quartermaster Gold Coin Collection in June 2009.

The buyer that acquires this sovereign will be taking up a classic Australian coin rarity.

Australia’s gold coinage history began in 1855 with the introduction of the Sydney Mint design. It was a style that rejected the protocols of London and which imparted a uniquely Australian flavour into the nation’s first official gold coinage. For the first - and only time - the word AUSTRALIA appeared on our sovereigns.

The Sydney Mint design continued until 1870. In 1871 Australia’s gold coinage took on the more traditional English designs of St George and the Dragon and the Shield.

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