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1916 Presentation Set in original case of issue.


49559-1916-Specimen-Set-REV-Mood-May-2022
1916 Presentation Set in original case of issue.
COIN
1916 Presentation Set in original case of issue.
PRICE
$95,000
STATUS
Available now
QUALITY
Specimen quality, the coins perfectly matched with stunning cobalt-blue, steel-grey, purple and gold colours
PROVENANCE
Monetarium Auction Singapore Number 1, 18 April 2008 Lot 54
COMMENTS
This is a 1916 Presentation Set in its original case of issue. And it was snapped up at Monetarium Singapore's very first auction in April 2008. Monetarium - Singapore's leading coin dealer - was determined to succeed when they launched their very first auction in 2008 and sought consignments of top rarities from across the globe to cater for their international clientele. This 1916 Presentation Set graced the front cover of their Catalogue. The company was aware that a 1916 Presentation Set, in an original case of issue, would always command buyer attention. And they certainly got it! It is a classic piece of Australiana, as distinctive as it is rare. Especially created at the Melbourne Mint in 1916 to commemorate the mint’s inaugural striking of Australia’s Commonwealth coins, the set is comprised of the florin, shilling, sixpence and threepence struck to superb specimen quality. Only seven cased presentation sets have been observed at auction over the last half-century including this set. Described by Monetarium as "absolutely spectacular with stunning cobalt-blue, steel grey, purple and gold toning", the technical shots affirm the glorious state of the coins. The importance of the original case cannot be overstated. Please note, the Monetarium Singapore Catalogue, attesting to its provenance, will be provided.
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Early in November 1915 the Melbourne Mint was formally instructed to commence preparations for the striking of the Commonwealth's silver coinage. The silver was sourced locally from the Broken Hill mines. (Prior to 1915, the nation's silver coinage had been minted overseas at the Royal Mint London and the Heaton Mint in Birmingham.)

Towards the end of November 1915, dies for the set of four denominations were sent from London.

Six weeks after the dies were shipped, the Governor of Victoria Sir Arthur Stanley K.C.M.G, struck the first circulating 1916 shilling. It was logical that the Melbourne Mint would begin striking silver coinage with the shilling denomination given its similar physical size to their familiar sovereign.

The florin was struck almost immediately after, sixpences by the middle of 1916 with the threepences finally in December. More than 11.5 million silver coins were released into circulation that year.

The Melbourne Mint's inaugural striking of Australia's Commonwealth coins was a momentous occasion in minting circles. The Deputy Master of the Melbourne Mint, Albert Le Souef, therefore decided to create a Presentation Set. (A Presentation Set records an important moment or event in a nation's history by way of its coinage.)

Each presentation set was comprised of the four silver coins of florin, shilling, sixpence and threepence struck to specimen quality and featured the Melbourne mint mark ‘M’ below the date 1916.

The four coins were housed in a handsome, velvet-lined royal blue case that had been locally sourced.

The availability of the four-coin specimen presentation set was confirmed in November 1916 when Le Souëf recorded an entry of sixty specimen sets in the Mint Museums’ cash accounts with a face value of £11 5/-.

While records show that 60 sets were produced, sixteen were sold, collectors charged 6/- for a cased set. A further 25 sets out of the original mintage were presented to dignitaries and politicians with the precise fate of the remaining sets unknown.

What we do know is that many of the cases have been lost and many of the sets have been broken up and sold as individual coins. We also know that others were accidentally used as circulating coins, their value irreparably reduced through wear.

Over the past 50 years we have sighted only seven sets housed in their original case of issue. The case is a stamp of authority indicating that the coins are presented today as they were originally intended more than a century ago.

49559-1916-Specimen-Set-REV-TECHS-May-2022


Beautifully matched specimen set of florin, shilling, sixpence and threepence, the toning absolutely spectacular with stunning cobalt-blue, steel grey, purple and gold colours.

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49559-1916-Florin-Specimen-Rev-TECH-May-2022

1916 Specimen Florin Reverse
Beautifully struck, with superb detail in all design elements. Smooth surfaces and highly reflective with stunning colours on both obverse and reverse.

49559-1916-Florin-Specimen-Obv-TECH-May-2022

1916 Specimen Florin Obverse
Beautifully struck, with superb detail in all design elements, the coin exhibits the classic striations associated with this controlled specimen striking.

49559-1916-Shilling-Specimen-Rev-TECH-May-2022

1916 Specimen Shilling Reverse
Highly reflective, superbly struck and beautifully toned. The reverse reveals multiple striations (raised parallel lines) across the fields; with those between the scroll and date and behind the emu strongly evident.

49559-1916-Shilling-Specimen-Obv-TECH-May-2022

1916 Specimen Shilling Obverse
Highly reflective, superbly struck and beautiful antique toning. Precise edge denticles and high rim.

49559-1916-Sixpence-Specimen-Rev-TECH-May-2022

1916 Specimen Sixpence Reverse
The Specimen Sixpence is proof-like with beautifully mirrored fields. Very well struck, the denticles on the reverse rim are unusually strong.

49559-1916-Sixpence-Specimen-Obv-TECH-May-2022

1916 Specimen Sixpence Obverse
Beautifully mirrored fields also on the obverse with microscopic striations confirming careful preparation of the dies.

49559-1916-Threepence-Specimen-Rev-TECH-May-2022

1916 Specimen Threepence Reverse
A full brilliant mirror finish with handsome blue and pink toning. The coin is extremely well struck, noticeable in the strength of strike in the star, shield and scroll.

49559-1916-Threepence-Specimen-Obv-TECH-May-2022

1916 Specimen Threepence Obverse
A brilliant strike with blue and pink toning. Strong striations confirm careful preparation of the dies at the Melbourne Mint.


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