1931 Proof Sovereign Melbourne Mint


1931 Proof Sovereign Melbourne Mint
1931 Proof Sovereign Melbourne Mint
COIN
1931 Proof Sovereign Melbourne Mint
QUALITY
FDC
PROVENANCE
Barrie Winsor, Philip Spalding
PRICE
$ 105,000
COMMENTS
Coinage does reflect great moments in time. A case in point is this 1931 Proof Sovereign for Australia struck its very last sovereign in 1931 during the reign of King George V. But this sovereign is not just one of the several thousand coins that were struck for circulation at the Melbourne Mint in that year. The addition of the word ‘proof’ into the coin’s description changes its profile completely. Its availability. Its value. And its investment potential.
STATUS
Sold December 2015
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This 1931 Proof Sovereign was struck as a collector piece at the Melbourne Mint in 1931 and never intended to go into circulation. It is a presentation piece minted to proof quality and is one of only two examples sighted on the open market over the last fifty years.

The striking of proofs in Australia is not a modern day phenomenon. Nor a product of the Royal Australian Mint’s decimal era.

The nation’s mints were striking proofs of our pre-decimal coinage in the nineteenth and twentieth centuries, and the intention was then, as it is today, to create limited mintage collector coins truck to the highest quality standards.

But while the story of Australia’s gold coinage is a narrative about history, it also is the story of the collectors that owned them. This coin says as much about its owners as it does the point in time that it represents.

While Philip Spalding is best remembered for his passion of Holey Dollars, (he authored the book ‘The World of the Holey Dollar’) his collecting interests extended to gold coinage and in particular proof gold.

On an historical note, the Melbourne Mint was the second branch of the Royal Mint London to be opened in Australia and commenced operations striking gold sovereigns in 1872. The mint struck its very last sovereign in 1931.

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