1929 Sovereign Melbourne Mint

1929M George V Choice Unc Sov rev date side
1929 Sovereign Melbourne Mint
1929 Sovereign Melbourne Mint
Choice Uncirculated
Private Collection Melbourne
$ 10,500
This 1929 Sovereign struck at the Melbourne Mint is a stand-out piece on two counts. The first is its rarity. The coin depicts a portrait design that ran for only three years from 1929 to 1931, the 1929M being the rarest and the most difficult to procure out of the three. The second consideration is this coin’s quality. It has been ascribed a quality ranking even higher than Uncirculated. The coin is rated as ‘Choice Uncirculated’ which reflects both the finesse of the minting process and a simply brilliant state of preservation. A 1929 M Sovereign is rare in any quality. In Choice Uncirculated it is a world class rarity.
Sold September 2016
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In 1929 a new portrait of George V appeared on Australia’s gold sovereigns. The portrait is referred to as the ‘small head’ design. The small head portrait ran for three years concluding in 1931 when Australia ceased sovereign production.

The reason for the extreme rarity of the 1929 Melbourne Mint sovereign is its low mintage. As a point of comparison, the Perth Mint records the striking of 1.67 million sovereigns in 1929. The Melbourne Mint however issued less than 1/10th of that figure, 137,000.

This 1929 Sovereign features the St George & Dragon design by Benedetto Pistrucci and the ‘small head’ portrait of George V designed by Sir E B Mackenal.

The availability of a 1929 Sovereign struck at the Melbourne Mint is an opportunity. If you happen to be offered one of exceptional quality, such as this coin, then the opportunity is even more profound.

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