1959 Melbourne Mint Proof Set


1959 Melbourne Mint Proof Set FDC February 2019
1955 Melbourne Mint Proof Set FDC February 2019
1959 Melbourne Mint Proof Set
COIN
1959 Melbourne Mint Proof Set
QUALITY
FDC
PROVENANCE
Private Collection Victoria
PRICE
$6950
COMMENTS
When this 1959 Melbourne Mint Proof Set came across the counter our eyes lit up. It is unequivocally one of the finest we have seen. The 1959 Melbourne Mint Proof Set is notoriously difficult to acquire in top quality and, from our experience, the most difficult to acquire out of the entire series. As the photograph shows, the four silver coins are stunning, the two coppers superbly matched with original copper brilliance under a very light smoky toning. The '1959 Set' was the vendor's opening gambit, for having gained our interest he then proceeded to extract the balance of his collection from a briefcase. A collection that included a fabulous 1955 and 1956 Melbourne Mint Proof Set and a superb array of Perth Mint copper proofs. The vendor has done all the hard work for us. It has taken him years to put this collection together to a consistently high standard. These stunning pre-decimal proofs are available individually. And available now.
STATUS
Available now
1955 Melbourne Mint Proof Set FDC February 2019
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The collection is comprised of:

1955 Melbourne Mint Proof Set of four coins. Penny, shilling, sixpence and threepence. The very first year of the Melbourne Mint's proof collector program and important as such. Price $5500.

1956 Melbourne Mint Proof Set of five coins. Penny, florin, shilling, sixpence and threepence. Price $5500.

1959 Melbourne Mint Proof Set of six coins. One of the finest comprised of a penny, halfpenny, florin, shilling, sixpence and threepence. Photograph shown above. Price $6950.

1957 Perth Proof Penny. Blazing orange. Price $3500.

1958 Perth Proof Penny. Blazing orange. Price $3500.

1959 Perth Proof Penny. Blazing orange. Price $3500.

1960 Perth Proof Penny and Halfpenny. Blazing orange matched pair. Price $4950.

1961 Perth Proof Penny and Halfpenny. Blazing orange matched pair. Price $4950.

1962 Perth Proof Penny and Halfpenny. Blazing orange matched pair. Price $4950.

1963 Perth Proof Penny and Halfpenny. Blazing orange matched pair. Price $4950.

The Melbourne and Perth Mint proofs struck between 1955 and 1963 come high on our list of recommendations to clients.

They are great coins to own. Or to put aside for children. Or a nice little nest-egg to tuck away for grandchildren.

So, when Melbourne journalist Anthony Black asked Coinworks to list ten-coin rarities that were affordably priced and, that we believed, were destined for growth, the Melbourne and Perth Mint Proofs were at the very top of our list.

The sets are visually attractive and very affordable, appealing to a wide buying audience.  

Each is a stand-alone rarity, so they can be acquired progressively one year at a time with no pressure on buyers to complete the series.

A reminder that quality is paramount, for while all the coins in the series were struck to proof quality, their state of preservation today (how they have toned) is critical to preserving their value and underpinning their future capital growth. 

 

 

Complete Collection 1957 – 1963 Perth Mint Copper Proofs

Blazing orange Perth Mint copper proofs. Available now.

Australia opened its first mint, the Sydney Mint, in 1855. A second mint, the Melbourne Mint, came on board in 1872 and the third, the Perth Mint opened in 1899.

The Sydney Mint closed in 1926 and during its years of operation would NEVER strike proofs for collectors.

The Melbourne Mint and the Perth Mint did not commence regular proof coining for collectors until 1955, and only after obtaining Government approval.

Government intervened in just one aspect of the program - only those coins being struck for circulation were to be issued as proofs.

As the Melbourne Mint was striking both silver and copper circulating coins for Treasury, it could strike both silver and copper proof coins for collectors. (Florin, shilling, sixpence, threepence, penny and halfpenny.)

As the Perth Mint was the Government’s copper coin producer, it could only strike proof pennies and halfpennies.

The coins were released annually with an official issue price of face value plus a premium of one shilling per coin … mintages averaged around 1,500.

Each piece was minted to exacting standards – from the selection and polishing of blanks, the preparation of dies and ultimately the actual striking.   The result is a coin that is pleasing to the eye, well struck with strong designs and superb smooth background fields.

Launched in 1955, the program ended in 1963 just prior to decimal currency changeover. The series was a catalyst for the introduction of a proof coining program for collectors by the Royal Australian Mint, Canberra.

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