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BD 1856 sovereigns and 1856 half sovereign


BD 1856 sovereigns and 1856 half sovereign
COIN
BD 1856 sovereigns and 1856 half sovereign
COMMENTS
PUT MOOD SHOT OF THE SIX COINS IN AS MAIN IMAGE ONLY. LABELLED SYDNEY MINT GOLD PUT TECHNICAL SHOTS OF ALL SIX COINS SO I CAN SEE THEM TOGETHER
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Australia's gold proof coins are highly respected. 

Australia has some of the rarest and most beautiful coins you could imagine, particularly in the proof gold sovereign and proof half sovereign sector. The coins are prestigious. They inspire respect and admiration.

Ask collectors why they pursue proof coins over circulating currency and the prestige of owning a proof coin is most likely at the top of their list. It's the euphoria that comes with owning something that very few other people can ever possess.

Proof coins are by definition, extremely rare and their scarcity is a natural draw card. In some respect, proof coin collectors are playing it smart because the inherent rarity of proof coinage provides a level of assurance that the market will never be inundated with examples, protecting their investment.

Local buyers have always had confidence in this sector of the market simply because of the quality and extreme rarity of the coins.

But another layer of confidence has been added to the Australian rare coin market.

In 2021, international collectors began buying up Australia’s proof sovereigns and half sovereigns outbidding local collectors.

The buying spree continued in 2022. And again in 2023 in Zurich where a Young Head Proof Sovereign sold at auction knocking out Australian bidders.

Demand has increased. And supplies are still as restricted as ever. This is the perfect climate for price growth.


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1856 Sovereign - Obverse

The 1856 Sydney Mint Sovereign is a great rarity with only three examples believed to exist in this quality level.

While the mintage is noted as 981,000 (and that of the 1855 soverign 502,000 both coins have always heldf the same cataliogue value, a reflection of the m,arket scacity of the '56.

And that comes despite the higher mintage figure of the latter coin. (The mintage of the 1855 Sovereign is 502,000. The mintage of the 1856 Sovereign 981,000.)

 

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1856 Sovereign - Reverse

 

The 1856 Sydney Mint Sovereign is a great rarity. And it's a fact that in the upper quality levels it is as difficult to acquire as the 1855 Sovereign.

And yet the mintages of both coins would suggest otherwise. (1855 – 502,000. 1856 – 981,000.)

The industry has always acknowledged the scarcity of the 1856 Sovereign.

Both the '55 and '56 sovereigns have shared the same catalogue value for decades, declaring them equally as important.


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1856 Half Sovereign - Obverse

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1856 Half Sovereign - Reverse

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