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1883 Young Head Shield Sovereign, Melbourne Mint. One of the key dates of the series.


54178-1883-Sovereign-Obv-September-2022
54178-1883-Sovereign-Rev-September-2022
1883 Young Head Shield Sovereign, Melbourne Mint. One of the key dates of the series.
COIN
1883 Young Head Shield Sovereign, Melbourne Mint. One of the key dates of the series.
PRICE
$17,500
STATUS
SOLD 7/9/2023
QUALITY
Brilliant Uncirculated with satin-smooth fields and a highly detailed design
PROVENANCE
Robert Jaggard Collection 1989 • Private Treaty Paul Terry Collection • Quartermaster Collection (Tom Hadley) sold 4 June 2009 Lot 65
COMMENTS
Some numismatic giants were created during the seventeen-year Young Head era of 1871 to 1887. Two sovereign reverse designs were used concurrently, the St George and the Dragon and the Shield. As no conventions were set as to the mintages other than an overall total, it was inevitable that one design would be favoured over the other. And that a low mintage super-star would emerge. And it has in the form of this coin, the Melbourne Mint’s 1883 Sovereign struck with the Shield reverse and the Young Head portrait. A personal notation of a 'Brilliant Coin' was detailed against this 1883 Sovereign when it appeared in the Quartermaster Auction Catalogue. The comment captured the essence of the coin. Offered as Lot 65, the 1883M was acknowledged as a 'rare date' and 'extremely rare' in the quality offered of Brilliant Uncirculated. In hindsight, it is what we have come to expect of a sovereign that was formerly owned by Robert Jaggard, Paul Terry and Tom Hadley, three of Australia's greatest gold coin collectors. You might sight a handful of circulated examples on the market annually. One as exceptional as this coin, perhaps once or twice in a decade. The technical shots (shown below) confirm the glorious state of this coin.
54178-1883-Sovereign-Rev-September-2022
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54178-Proof-1883-Sovereign-REV-TECH-July-2023

1883 Sovereign struck at the Melbourne Mint featuring a shield reverse. This coin fuels the discussion that has been waged for decades amongst collectors. Which is the rarer and/or more valuable of the two? A Proof or Specimen sovereign struck in a restricted mintage in a highly controlled nurtured environment?

54178-Proof-1883-Sovereign-OBV-TECH-July-2023

Or a coin, such as this one, that was struck for circulation and somehow managed to survive the rough and ready nature of the minting process to be preserved in immaculate condition? Notice the kiss-curl in front of the ear. And the immaculate satin fields.

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