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1937 Proof Crown, featuring the portrait of George VI


85678-1937-Proof-Crown-Rev-June-2024
85678-1937-Proof-Crown-Obv-June-2024
1937 Proof Crown, featuring the portrait of George VI
COIN
1937 Proof Crown, featuring the portrait of George VI
PRICE
$30,000
STATUS
SOLD 8/7/2024
QUALITY
Superb FDC, fully brilliant
PROVENANCE
Coinworks sale by private treaty 2006
COMMENTS
Australians were eager to welcome in a new currency when Edward VIII became king in 1936. The threepence, shilling and florin were up for major design revisions, as was the penny. The changes were put on the back burner when Edward VIII abdicated the British throne. In 1937, to create a distraction from the Royal scandal, the Australian Government authorised the striking of its first crowned sized coin. The five shillings was struck in sterling silver and weighed 28.27 grams with a diameter of 38.5 mm. A trickle over 1 million crowns were released into circulation. One hundred 1937 Proof Crowns were especially struck to sell to the public. While the circulating crown is readily available, the 1937 Proof Crown, with its tight mintage, is extremely difficult to acquire, confirmed by the frequency of our offerings. Its been six years since we last offered a proof crown.
85678-1937-Proof-Crown-Obv-June-2024
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Richard Gavin Gardiner Casey was elected to federal parliament for the United Australia Party in 1931 and served as treasurer from 1935 to 1939.

The notion of a crown sized coin was pushed by Casey and was - and still is - referred to as ‘Casey’s Cartwheel’.

While the size and weight of the crown were issues that made it extremely unpopular with the general public, both facets proved advantageous when the coin was struck to proof quality.

 

The crown design on the reverse, designed by George Kruger Gray, is imposing offset by brilliant fields. The obverse has a beautiful expanse of fields to offset the portrait of George VI.

This coin is a superb example from the original mintage of one hundred.

The fields are brilliant, the obverse in particular is quite stunning.

There are heavy striations in the fields, reflecting careful die preparation.

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