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1923 Halfpenny date side July 2018
1923 Halfpenny non date side July 2018
COIN
1923 Halfpenny
QUALITY
Choice Uncirculated
PROVENANCE
Madrid Collection of Australian Rare Coins
PRICE
$75,000
COMMENTS
This Choice Uncirculated 1923 Halfpenny was acquired in 2008 by the owner of the Madrid Collection of Australian Rare Coins. It was, at the time, one of two elite 1923 Halfpennies that came to the market for private sale. The first coin was the unique Proof 1923 Halfpenny. The second coin was this example: a coin that was originally struck for circulation but had survived the production process and preserved in an almost proof-like state. Our client was not influenced by the dollars involved, he had the capacity to acquire both pieces. But he opted for the latter. He is one of many collectors that respect the magnitude of top quality ‘circulating’ coins over of the substance of proof coinage.
STATUS
Available now.
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1923 Halfpenny non date side July 2018
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Australian collectors just love their copper coins. While not everyone could hold onto (or even gain access to) a gold coin, the nation’s coppers were accessible to the man in the street.

And while there is no doubt that Australia’s 1923 Halfpenny has benefited from the emotional feelings stirred up by its side-kick, the 1930 Penny, the ’23 stands on its own merits as Australia’s rarest halfpenny. And an Aussie icon.

This coin is one of the finest known examples of the nation’s scarcest halfpenny. Tucked away for close to a decade it is proof-like in its appearance and is one of three known at this quality level.

It is in a remarkable state of preservation: lustrous, smooth surfaces.

As a company we appreciate top quality. But more than top quality we love to see the words ‘exceptional quality’ ascribed to a piece.

This coin is exceptional for quality.

That the Sydney Mint in its Annual Report recorded the striking of 1,113,600 halfpennies in 1923 would tend to suggest that it was a common date coin. 

For decades collectors challenged the point, drawing on their experience that the 1923 Halfpenny was the least available coin in the halfpenny series.

John Sharples, at the time Curator of Australia’s National Coin Archives set the record straight when he undertook an analysis of die production and die usage at both the Sydney and Melbourne Mints.

His research confirmed that the 1,113,600 halfpennies struck at the Sydney Mint were in fact dated 1922.

The 1923 Halfpenny was in fact struck at the Melbourne Mint in a mintage of approximately 15,000, confirming its status as Australia’s rarest circulating halfpenny.

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1930 Penny good Fine - about Very Fine rev October 2018
1930 Penny good Fine - about Very Fine obv October 2018
COIN
1930 Penny
QUALITY
Nearly Very Fine
PROVENANCE
Private Collection Melbourne
PRICE
$29,500
COMMENTS
This is simply a great 1930 Penny. Market watchers will note the almost full central diamond and the six very plump pearls. Market watchers will also take on board the price. It is our OCTOBER SPECIAL, offering a price advantage of $7500 over our normal R.R.P. This coin offers genuine value and for that very reason we really don't believe it will sit on the shelf for long. The vendor has held the coin for many, many years but is now eager to facilitate a quick sale. So if you have been sitting back watching the market and waiting for the "right" 1930 Penny to come along ... then this is the coin for you. Technical shots have been included in the READ MORE SECTION. In a presentation befitting the coin, this 1930 Penny is presented in a handsome black presentation case, with accompanying photographs and Certificate of Authenticity.
STATUS
Available now.
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1930 Penny good Fine - about Very Fine obv October 2018
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1930 Penny good Fine - about Very Fine rev tech October 2018

Reverse of the Nearly Very Fine 1930 Penny.

The 1930 Penny is legendary, and its star status has made it one of Australia's most valuable rare coins.

Because the dollars involved in acquiring a 1930 Penny are considerable, we offer one very basic tip for buyers to assist them in their decision-making process.

Select a 1930 Penny that is visually very attractive and has no obvious defects from its time in circulation.

The aesthetics, how the 1930 Penny looks to the naked eye, is an important part of the selection process.

The reason is simply that the coins were used, with the majority well used, before collectors discovered its very existence having endured the rigours of handling, mishandling, being dropped, scratched and rattling around in change.

Once the coin has passed the 'aesthetics test' it is time to examine the fine details under a glass.

1930 Penny good Fine - about Very Fine obv tech October 2018

Obverse of the Nearly Very Fine 1930 Penny.

This 1930 Penny is graded 'Nearly Very Fine' and has:

  • an almost full central diamond.
  • the oval to the left of the central diamond is almost complete
  • six plump pearls in the crown.
  • the lower band of the crown is complete.
  • nice edges.
  • smooth fields and handsome toning.

The reverse also is graded 'Nearly Very Fine' with:

  • nice edges.
  • smooth fields and handsome toning.
  • strong upper and lower scrolls.
  • well defined inner beading.

In a presentation befitting the coin, this 1930 Penny is presented in a handsome black presentation case, with accompanying photographs and Certificate of Authenticity.

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Australia’s 1930 Penny is legendary and its star status has made it one of Australia’s most popular rare coins.

Officially the 1930 Penny was never struck and a review of minting records at the Melbourne Mint confirms that no pennies were struck for circulation in that year.

But as we now know. A small quantity of pennies were issued by the Melbourne Mint with the estimate mintage being 1000 – 1500.

And while many theories have been put forward as to how the error occurred, no one really knows how and why.

That no one has a definite answer only adds to the romance and the mystery that has shaped the image and profile of Australia’s 1930 Penny. 

Unrivalled for popularity, the coin enjoys a constant stream of demand unmatched by any other numismatic rarity.

It is an industry phenomenon, for in a market that is quality focused it is interesting to note that the 1930 Penny is keenly sought irrespective of its quality ranking.

And growth over the mid to long term has been significant across all quality levels.

The 1930 Penny was selling for £50 in the 1950s. A decade later, by decimal changeover, the coin was fetching £255 ($510). By 1988, Australia's Bicentenary, the 1930 Penny had reached $6000.

By the turn of the century, with interest in coins stimulated by the Sydney Olympics, 1930 Penny prices had moved to $13,000.

And with a 100th anniversary just over a decade away, the push to acquire Australia’s favourite Penny is already on. 

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1813 Holey Dollar 1798 Charles IIII good EF OBV March 2018
1813 Holey Dollar 1798 Charles IIII good EF REV Large SEO March 2018
COIN
1813 Holey Dollar struck from a Charles IIII, 1798 Mexico Mint Spanish Silver Dollar
QUALITY
Original Spanish Silver Dollar: Good Extremely Fine. Counter stamps: Good Extremely Fine.
PRICE
$495,000
COMMENTS
When William Henshall created this Holey Dollar in 1813, he grabbed a 1798 Spanish Silver Dollar that had been struck at the Mexico Mint. If William Henshall had been a numismatist he would have marvelled that the 1798 Spanish Silver Dollar that he was now handling showed virtually no signs of circulation and retained its original silver lustre. A miracle given that the coin had been struck 15 years earlier at the Mexico Mint. Committed to the task of creating holey dollars from silver dollars, he cut a hole in the coin and continued the minting process by over-stamping the inner circular edge of the hole with the words New South Wales, the date 1813 and the value of five shillings, thereby creating an 1813 Holey Dollar. Ownership of this outstanding quality Holey Dollar can be traced back to 1918 when it was sold at auction by Glendinings, London in the sale of the W. B. Thorpe Collection. Subsequent owners include revered collectors, A. H. Whetmore, Ray Jewell and Philip Spalding.
STATUS
Available now
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1813 Holey Dollar 1798 Charles IIII good EF REV Large SEO March 2018
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1798 Holey Dollar Tech shot OBV SEO

Notice the detail in the hair and the robes. Also note the strength of the edges and the date 1798. This Holey Dollar is nicely toned and has original silver lustre.

1798 Holey Dollar Tech shot REV SEO

The counter stamps are a supreme quality Good Extremely Fine on both obverse and reverse and also have original silver lustre.

It is a statement of fact that most Holey Dollars are today found well worn. No quality parameters were set on Macquarie’s shipment of 40,000 silver dollars. This Holey Dollar is the exception.

The original 1798 Spanish Silver Dollar from which this Holey Dollar was created is graded in the absolute premium quality levels of Good Extremely Fine indicating that it underwent minimal circulation before the hole was cut into it in 1813. The coin has original silver lustre and light toning and is very attractive. And this is a point worth pursuing.

The earlier the date of the silver dollar, the greater the potential for circulation before the nation’s first mint-master, William Henshall, got his hands on it. In the case of this Holey Dollar the silver dollar had 15 years of potential circulation before it was holed.

Its state of preservation is therefore remarkable.

The extent of usage of the Holey Dollar after it was released into circulation is evidenced by the wear to the counter-stamps, the over-stamping around the inner circular edge … New South Wales, 1813 and Five Shillings.

The counter-stamps of this Holey Dollar are also graded in the premium quality levels of Good Extremely Fine and retain their original silver lustre.

Created in 1813 by mint-master William Henshall, circulated in the colony for 16 years when it was eventually demonetised with minimal usage in between.

That this coin has survived in this state is simply a miracle.

The Holey Dollar is one of Australia’s most desirable coins. Talk to those fortunate enough to own one, either private collectors or institutions such as Macquarie Bank, National Museum of Australia and the Mitchell Library, and they will tell you that the Holey Dollar is viewed as the jewel in their collection. And that statement is made irrespective of the quality level.

The coin is rare. And the coin is steeped in history. 

A Holey Dollar can resemble a washer if it is well circulated. Or it can reach the heady quality heights of this coin. No matter the quality, the pleasure of ownership is immeasurable.

Once you move from the well circulated Fine and Good Fine quality levels up to the Extremely Fine and Good Extremely Fine echelons, the differences in quality are marked and noticeable and clearly visible to the naked eye. It is the detail in the hair, the robes and the overall state of the fields as evidenced in this Holey Dollar.

The status of the Holey Dollar as Australia’s first coin ensures that it will never be forgotten and, as time passes, its historical value can only increase.

No other coin has had so many books written about it.

The Holey Dollar is a coin that is held in the utmost respect. It is history. And yet it is refreshingly current. The ingenuity of Governor Lachlan Macquarie in creating our first coin is reflected in the naming of the Macquarie Bank and the bank’s ultimate adoption of the Holey Dollar as its logo.

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A provenance of note.

This Holey Dollar coin has changed hands a few times over the last century and always into esteemed collector hands … S. A. H. Whetmore, Ray Jewell, Philip Spalding, to name but three.

The provenance is detailed below.

  • Glendinings London March 1918, in the sale of the W. B. Thorpe Collection
  • Glendinings London April 1961, in the sale of S. A. H. Whetmore Collection
  • Foley Collection (USA)
  • Ray Jewell (Australia) by private treaty
  • Philip Spalding (Australia) by private treaty

Renowned British collectors. Revered US collectors. And then eventually back to where it all began in Australia.

That the coin has attracted sustained buyer interest right across the globe for more than a century, in London and New York, reflects the international appeal of the Holey Dollar.

And the resounding appeal of this particular coin.

This Holey Dollar is featured on page  xvi  of the Philip Spalding book, The World of the Holey Dollar: a compliment in itself. Published in 1973 this book is still to this day a major reference on the Holey Dollar.

A copy of Spalding’s book will be provided with this coin. 

Spalding book March 2018
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1813 Dump gVF small July 2018
1813 Dump gVF non date side small July 2018
COIN
1813 Dump, design type A/1
QUALITY
Good Very Fine
PROVENANCE
Dr. John Chapman
PRICE
$75,000
COMMENTS
A Good Very Fine 1813 Dump is a high quality piece and is genuinely hard to find. A chance opportunity. A Good Very Fine 1813 Dump that has been owned by Dr. John Chapman is a once-in-a-decade opportunity. Dr John Chapman has been involved in the Australian numismatic market as a foremost collector for as long as we can remember. He is as learned as he is well respected and this Dump was part of his prized collection. It is a coin that has all the attributes that a collector would look for in a colonial Dump including the original Spanish Dollar design (particularly strong), complete denticles and the presence of the ‘H’ for Henshall on the reverse. It is an impactful coin, the very reason why respected author and numismatist Greg McDonald features it in his annual Pocket Price Guide. And has so for many, many years. Technical shots are provided.
STATUS
Available now
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1813 Dump gVF non date side small July 2018
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1813 Dump date side TECH July 2018

Beautifully well centred striking with strong date, crown and legend New South Wales. Note the undertype. It is magnificent. The castle and the lion are clear.

1813 Dump non date side TECH July 2018

William Henshall left his mark on this coin with the 'H' for Henshall strong.

The Holey Dollar and Dump were struck to create a medium of exchange in a colony starved of currency.

Governor Lachlan Macquarie enlisted the services of emancipated convict, William Henshall, to cut a hole in 40,000 Spanish Silver Dollars, creating two coins out of one. 

The Dump, the small disc that fell out of the centre of the holed silver dollar, was then over stamped with the date 1813, a crown, New South Wales and the value of fifteen pence.

The buyer that pursues a top quality Dump will find the task extremely challenging. It can be years before a premium quality example comes onto the market.

The Dump circulated widely in the colony, the extreme wear on most Dumps evidence that they saw considerable use. So, while the Dump may seem the diminutive partner of the Holey Dollar, the reality is top quality Dumps have authority.

So let's define the words "top quality" for the 1813 Dump and establish where extreme rarity kicks in.

Every circulated coin has a grading level at which serious rarity kicks in. That is the point at which the balance between acquiring a coin as a collectible - and as an investment - shifts more towards the latter.

For the 1813 Colonial Dump that point is Good Very Fine.

The chart clearly shows that securing a Colonial Dump in a quality level of good Very Fine or better is a difficult task. We would sight a good Very Fine Dump on the open market perhaps once or twice every year.

Dr John Chapman certainly knew what he was doing when he selected this 1813 Dump. It is a beauty.

  • The design is classically well centred and well struck.
  • The legend New South Wales and the date 1813 are sharp.
  • The fleur de lis on the left-hand side and the right-hand side of the crown have definition and have not melded into the coin.

 

  • The pearls to the left and right of the Crown are well defined and again have not melded into the coin.
  • The denticles around the edge of the coin are complete, a feature that is seldom if ever seen on even the very best examples.
  • Notice the oblique milling around the edge. Strong, well defined and fully evident.
  • The reverse Fifteen Pence also is strong and three dimensional.
  • The ‘H’ for Henshall also is defined. William Henshall declared his involvement in the creation of the Dump by inserting an H into some (but not all) of the dies used during its striking. Its presence is highly prized.
  • While the Holey Dollar glaringly shows that it is one coin struck from another, in a less obvious way so too does the Dump. There is strong design detail of the original Spanish Dollar from which this Dump was created on the entire obverse. We refer to it as the undertype and its presence is again highly prized.
1813 Dump graph
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Twenty Spanish Dollars Banner
20 Spanish Dollars front view
NOTE
1824 Bank of New South Wales Twenty Spanish Dollars
QUALITY
Good Fine
PROVENANCE
Ross Pratley Collection, Private Collection Sydney
PRICE
$325,000
COMMENTS
The Governor of New South Wales, Major General Sir Thomas Brisbane, 1st Baronet. Explorer and Director of the Bank of New South Wales, John Oxley. Magistrate and Director of the Bank of New South Wales, Edward Wollstonecraft. Revered names that are all part of the historical tapestry that make up this unique 1824 Bank of New South Wales Twenty Spanish Dollars. Sold at public auction in 1991 for $31,500. Seven years later, in 1998, the note was sold by private treaty for $105,000. Offered at $295,000 today, this is an investment opportunity without parallel and a profound piece of colonial history.
STATUS
Available now
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20 Spanish Dollars front view
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This Bank of New South Wales Twenty Spanish Dollars, hand signed by Oxley and Wollstonecraft and issued on 1 January 1824 is unique.

It survives today as evidence that Australia operated under a decimal currency system in the 1820s. Our first decimal banknote as such.

The surprising and intriguing aspect to most Australians is that the note was issued by the nation’s first private bank, the Bank of New South Wales, in Spanish Dollars.

By the late 18th century, the Spanish Silver Dollar was accepted as an international currency. Its powerful influence saw Sir Thomas Brisbane, in 1822, take the colony onto a dollar currency standard, rejecting the protocols of the British sterling standard.

Brisbane’s thinking was way ahead of its time. It was not until 1958 that our then Prime Minister Sir Robert Menzies committed himself in an election promise to investigate the feasibility of decimal changeover.

That five radio stations, five newspapers and two television stations picked up the offering of this 1824 Bank of New South Wales Twenty Spanish Dollars affirms its historical significance and its importance to the nation.

Major General Sir Thomas Brisbane, 1st Baronet (1773 – 1860)

Sir Thomas Brisbane was preceded as Governor of the penal colony of New South Wales by Lachlan Macquarie and succeeded by Ralph Darling.

While Governor he tackled the problems associated with a rapidly growing colony, working to improve the land grants system and to reform currency.  He set up the first Agricultural training college in NSW and was the first patron of the NSW Agricultural Society. He conducted experiments in growing tobacco, cotton, coffee and New Zealand flax in the colony.

He oversaw a time of increased prosperity in the colony through vigorous enterprise, pastoral expansion and capital imports. The population grew from 13,300 in 1815 to 33,500 in 1825 and land settlement spread out over wider areas of NSW, beyond Bathurst and Goulburn towards the Murrumbidgee and beyond the Hunter River to the North. 

In 1823 Brisbane sent John Oxley to find a new site for convicts who were repeat offenders. The first settlement was established in 1824 at Redcliffe Point but several months later was re-located to where the Brisbane CBD is today. It was Oxley that suggested that the river and the settlement be named after Brisbane.

 

John Oxley (1785 - 1828)

John Oxley was born in England and joined the Royal Navy in 1799. He sailed the colony as master’s mate arriving in Sydney in 1802.

Oxley returned to England where he was commissioned lieutenant in 1807. He sought retirement from the navy in 1811 and sailed again to Sydney to commence his new duties as surveyor general.  

He sailed South and North of Sydney and upon his recommendations, Moreton Bay in Queensland was settled.

Oxley had growing business interests in the colony and became a director of the Bank of New South Wales in 1817 and then in 1826 became a founder and director of the new rival bank, Bank of Australia.

He died bankrupt at the age of 42. While the British Government refused to sanction a pension to his widow, it agreed to a grant of 5000 acres to Oxley’s sons in recognition of their father’s services to the colony.

Edward Wollstonecraft (1783 – 1832)

Edward Wollstonecraft arrived in Sydney in 1819 and was granted 2000 acres of land of which 500 acres were located on the north side of Sydney.

He became a magistrate and a director of the Bank of New South Wales and later the Bank of Australia.

Wollstonecraft was considered chiefly responsible for maintaining the general financial liquidity of the colony’s economy in the 1820s.

In 1821 he and his business partner, Alexander Berry were rewarded with a grant of a further 10,000 acres on the Shoalhaven River on their undertaking to maintain 100 convicts.

Today a north shore suburb of Sydney keeps his name alive.

For further reading.

'Bank of New South Wales - A History 1817 – 1893' by R F Hodder .

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1955-63 PDP's Group Shot October 2018
COIN
Collection of Melbourne and Perth Mint Proof Coins (1955 – 1963)
QUALITY
FDC
PROVENANCE
Private Collection
PRICE
Available individually
COMMENTS
The Melbourne and Perth Proofs struck from 1955 to 1963 come high on our list of recommendations to clients. For themselves. 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 priced below $5000 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.
STATUS
Available now
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Quality is paramount in this sector of the market.

And that might be confusing for collectors who assume that because the coins have been struck as 'proofs' they will always be great.

While all the coins might have started out their life looking fantastic, it is how they have been handled and cared for since they were struck that is critical to preserving their value.

And underpinning their future capital growth. 

This collection of proof coins is the property of a client of long standing.

And they are superb for quality, the Perth proofs a solid blazing orange in colour. And both Melbourne Proof Sets, the 1955 and 1956, are two of the finest we have ever handled.

This is quality that is rarely ever sighted.

A list of the sets available is shown at right. 

  • 1955 Melbourne Proof Set. $4950. The copper penny is simply stunning. And that’s not to overlook the silver proofs, for the shilling, sixpence and threepence are equally so.
  • 1956 Melbourne Proof Set. $4950. The quality of the penny is the key to this set and again is stunning. The four silver proofs are equally as impressive. NOW SOLD.
  • 1957 Perth Proof Penny . $3500. Solid blazing orange. NOW SOLD.
  • 1958 Perth Proof Penny. $3500. Solid blazing orange. NOW SOLD.
  • 1959 Perth Proof Penny . $3500. Solid blazing orange. NOW SOLD.
  • 1960 Perth Mint Proof Penny & Halfpenny. $4950. Supreme quality matched pair.   
  • 1961 Perth Mint Proof Penny & Halfpenny . $4950. Supreme quality matched pair.
  • 1962 Perth Mint Proof Penny & Halfpenny. $4950. Supreme quality matched pair.
  • 1963 Perth Mint Proof Penny & Halfpenny . $4950. Supreme quality matched pair.

Government approval was given in 1955 for the Melbourne Mint and the Perth Mint to commence regular proof coining for collectors. Government intervened in just one aspect of the program - only those coins being struck for circulation were to be issued as proofs.

The Melbourne Mint was therefore authorised to 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.

Perth Copper Proofs Group Shot ONE July 2018
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1910 Specimen Set Date Side in case June 2018
COIN
1910 Specimen Set
QUALITY
Uncirculated
PROVENANCE
Barrie Winsor Collection
PRICE
$135,000
COMMENTS
Every dealer has one or two items, be they a coin or a banknote, that is close to their heart. In the case of industry figurehead, Barrie Winsor, it is this 1910 Specimen Set. He has always viewed it as the ‘ultimate set’. And for all sorts of reasons. Struck as a Presentation set at the Royal Mint London, in an original case of issue, it is comprised of the four silver coins, the 1910 florin, 1910 shilling, 1910 sixpence and 1910 threepence minted to glorious specimen quality. Furthermore, it is unique in private hands. Only one other set is known, held in the Museum of Victoria Archives. And it is history. The set is a celebration. A commemoration of the issuing of Australia’s very first Commonwealth of Australia coinage in 1910. Only a person of influence would ever have had access to such a striking. (Technical photos are provided in the READ MORE section.)
STATUS
Available now
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And the person of influence ?

We were not surprised when Barrie Winsor commented that he believes the original owner of the set was Sir Robert Johnson, Deputy Mint Master of the Royal Mint London. We have handled several of Johnson's coins, including the unique 1937 Uniface Shilling.

Many of the coins held in Johnson’s collection were acquired by famed dealers A. H. Baldwin following Johnson’s untimely death in 1938.

Winsor acquired the 1910 Presentation Set in 1984 from Spink Auctions paying $4500 on an estimate of $1500.

He recalls the moment he first laid eyes on the set. And the auction session in which it was acquired. The coins were handsomely and uniformly toned, a magnificent olive green / blue hue. 

And as was the case in the ‘good old days’, he took the coins to the Museum of Victoria to compare them against those housed in the Museum’s Collection.

That the coins were struck to specimen quality was confirmed.

The value of currency in recording great moments in time is clearly shown in this distinguished piece of Australiana.

Federation on 1 January 1901 was a pivotal moment in our history, when the the six self-governing colonies of Australia became a single country.

Eight years would elapse before the Australian Parliament would pass legislation to allow the striking of Commonwealth of Australia silver coins of two shillings, one shilling, sixpence and threepence. And bronze or cupro nickel coins of the penny and halfpenny. 

The coins were based on the British system of pounds shillings and pence.

1910 Specimen Set Techs

The first silver coins of the new Commonwealth were eventually struck in 1910. Unfortunately, none of Australia’s three mints were set up to strike the new denominations, so the coins were struck at the Royal Mint in London.

The design of the coins was intended to be nation building and to underpin the Government’s efforts to unify the country. Each coin featured the newly created Australian Coat of Arms as authorised by King Edward VII in a Royal Warrant issued on 7 May 1908. 

The Coat of Arms was a simple shield featuring the cross of St George, with five six-pointed white stars along the cross and six smaller shields around the edge of the larger shield representing the six states.  

The shield was supported by a kangaroo and an emu standing on a grassy mound. Above the shield was the crest containing the seven-pointed gold star of Federation. Below on a ribbon the motto 'Advance Australia' is inscribed.

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1910 Specimen Florin rev June 2018

Reverse of the 1910 Specimen Florin depicting the Commonwealth of Australia Coat of Arms.

1910 Specimen Florin obv June 2018

Obverse of the 1910 Specimen Florin depicting a crowned King Edward VII.

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1910 Specimen Shilling rev June 2018

Reverse of the 1910 Specimen Shilling depicting the Commonwealth of Australia Coat of Arms.

1910 Specimen Shilling obv June 2018

Obverse of the 1910 Specimen Shilling depicting a crowned King Edward VII.

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1910 Specimen Sixpence rev June 2018

Reverse of the 1910 Specimen Sixpence depicting the Commonwealth of Australia Coat of Arms.

1910 Specimen Sixpence obv June 2018

Obverse of the 1910 Specimen Sixpence depicting a crowned King Edward VII.

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1910 Specimen Threepence rev June 2018

Reverse of the 1910 Specimen Threepence depicting the Commonwealth of Australia Coat of Arms.

1910 Specimen Threepence obv June 2018

Obverse of the 1910 Specimen Threepence depicting a crowned King Edward VII.

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1918 Perth Half Sovereign Unc rev August 2018
1918 Perth Half Sovereign Unc obv August 2018
COIN
1918 Perth Mint Half Sovereign
QUALITY
Uncirculated
PROVENANCE
Private Collection Melbourne
PRICE
$15,000
COMMENTS
This Uncirculated 1918 Perth Mint Half Sovereign is a superb quality example of Australia’s very last half sovereign. We point out the strength of the detail in the rider’s leg … an area of inherent weakness in most 1918 Perth Mint Half Sovereigns. Furthermore, the coin is profoundly rare. We are keen buyers of the ‘1918 Perth’ in top quality but it is noted that all the Uncirculated 1918 Perth Mint Half Sovereigns we have recently handled have been bought back from our clients. We haven’t acquired a fresh example at this quality level for at least five years. Testimony to its rarity.
STATUS
Available now
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1918 Perth Half Sovereign Unc obv August 2018
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1918 Perth Mint Half Sovereign date side July 2018

Reverse of the 1918 Perth Mint Half Sovereign.

The striking of the 1918 Perth Mint Half Sovereign is shrouded in mystery, a point that adds to its appeal.

Mint records indicate that the coin was never struck: the appearance of a 1918 Half Sovereign in 1967 proving otherwise.

It is now believed that a mintage using the dies dated 1918 was struck in 1919, and again in 1920, all of which was exported overseas with the majority believed melted down. 

1918 Perth Mint Half Sovereign non date side July 2018

Obverse of the 1918 Perth Mint Half Sovereign.

Historians estimate that 300 examples may exist, with only a small percentage of those at Uncirculated. 

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1855 Sydney Mint Sov date side mood July 2018
1855 Sydney Mint Sov non date side mood July 2018
COIN
1855 Sydney Mint Sovereign
QUALITY
Extremely Fine
PROVENANCE
Private Collection Melbourne
PRICE
$18,500
COMMENTS
A high quality coin has standout traits that are clearly visible to the naked eye and just one glance at this 1855 Sydney Mint Sovereign tells you that it is indeed a high quality piece with original lustre in the legend on both the obverse and reverse. Under the glass you see that it has minimal marks in the fields. This coin is an affordable example of Australia's very first sovereign and is genuinely rare in this quality level. It is a coin to enjoy. And to own with pride. Given its rarity and its status as the nation's first sovereign it's also a coin to tuck away for the future. Technical shots have been included in the READ MORE section. And we have included a chart that shows the genuine scarcity of the 1855 Sovereign in the higher quality levels.
STATUS
Available now
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1855 Sydney Mint Sov non date side mood July 2018
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1855 Sydney Mint Sov date side July 2018

Obverse 1855 Sydney Mint Sovereign

1855 Sydney Mint Sov non date side July 2018

Reverse 1855 Sydney Mint Sovereign

Every collector that embraces the Australian sovereign series must at some point in time contemplate the purchase of the nation's very first sovereign, the 1855 Sydney Mint Sovereign.

Three matters will be foremost in a buyer’s mind. The first, a budget. The second, the quality that those dollars will deliver. And the third, when an example is going to become available.

For it is noted that while well circulated examples are reasonably accessible, coins such as this Extremely Fine ’55 sovereign are genuinely scarce.

Every circulated coin has a grading level at which serious rarity kicks in. That is the point at which the balance between acquiring a coin as a collectible - and as an investment - shifts more towards the latter.

For the 1855 Sydney Mint Sovereign that point is the grading level of ‘About Extremely Fine’. At About Extremely Fine, Extremely Fine, Good Extremely Fine and above, the 1855 Sydney Mint Sovereign is exceedingly scarce.

Below ‘About Extremely Fine’, in the quality levels of Fine to Good Very Fine, the 1855 Sydney Mint Sovereign is reasonably readily available, as auction records attest.

This coin is well priced and, in our view, earmarked for growth.

And why do we believe so strongly in the price potential of the 1855 Sydney Mint Sovereign?

The 1855 Sydney Mint Sovereign is far rarer than the Adelaide Pound in comparable quality (four times as rare) and yet priced well below. That’s an anomaly that we believe will be addressed over time.

The Sydney Mint was opened on June 23, 1855 to strike Australia’s very first official gold currency. Except for ensuring the accuracy of the weight and the purity of gold in the coin, there was minimal care regarding the overall striking. The coins were to be used as currency, traded in commerce. Not preserved as collectibles.

In its first year of operation the Sydney Mint produced 502,000 sovereigns.

Some three years later, mintage figures had doubled, the very reason why the 1855 Sovereign is so scarce.

Australia’s first sovereign was struck depicting a youthful portrait of Queen Victoria with a braid in her hair. The design referred to as the Type 1 design appeared in 1855 and 1856 only.

It was replaced in 1857 depicting Queen Victoria with a sprig of Australia’s native flower, the banksia, in her hair. It is referred to as the Type 2 design.

The reverse design of both the Type 1 and Type 2 sovereigns was classically Australian: the word AUSTRALIA emblazoned across the face of the coin.

1855 Sydney Mint Sov Pie Chart
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1855 Sydney Mint Sovereign good EF about Unc B&B December 2017
1855 Sydney Mint Sovereign good EF about Unc REV B&B December 2017
COIN
1855 Sydney Mint Sovereign
QUALITY
Good Extremely Fine
PROVENANCE
Private Collection Sydney
PRICE
$35,000
COMMENTS
Every collector that embraces the Australian sovereign series will at some point in time contemplate the purchase of an 1855 Sydney Mint Sovereign. That’s understandable given that it is the nation’s very first sovereign. Two matters will be foremost in a buyer’s mind. A budget. And the quality that those dollars will deliver. But there is another consideration for potential buyers of the 1855 Sydney Mint Sovereign and that’s availability. For while well circulated examples are reasonably readily available, coins such as this Good Extremely Fine ’55 sovereign are genuinely scarce. More than 18 months have elapsed since we last offered a ’55 sovereign at this quality level. This coin is rare. Technical shots have been included in the READ MORE section.
STATUS
Available now
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1855 Sydney Mint Sovereign good EF about Unc REV B&B December 2017
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1855 Sydney Mint Sov good EF rev June 2018

Reverse of Australia's very first sovereign, the 1855 Sydney Mint Sovereign.

Every circulated coin has a grading level at which serious rarity kicks in. That is the point at which the balance between acquiring a coin as a collectible - and as an investment - shifts more towards the latter.

For the 1855 Sydney Mint Sovereign that point is the grading level of ‘About Extremely Fine’.

Below ‘About Extremely Fine’, in the quality levels of Fine to Good Very Fine, the 1855 Sydney Mint Sovereign is reasonably readily available, as auction records attest.

At About Extremely Fine, Extremely Fine, Good Extremely Fine and above, the 1855 Sydney Mint Sovereign is exceedingly scarce.

And as the chart included in this section shows, the higher the quality, the scarcer the coin. 

Our experience attests to the scarcity. We commented above that we last handled an Extremely Fine ’55 Sovereign more than eighteen months ago.

This coin is well priced and, in our view, earmarked for growth. It should be a $45,000-plus coin. It can be a $45,000-plus coin.

And why do we believe so strongly in the price potential of the 1855 Sydney Mint Sovereign?

The 1855 Sydney Mint Sovereign is far rarer than the Adelaide Pound in comparable quality (four times as rare) and yet their respective prices do not reflect this disparity.

That’s an anomaly that we believe the market will address over time.

The Sydney Mint was opened on June 23, 1855 to strike Australia’s very first official gold currency.

Except for ensuring the accuracy of the weight and the purity of gold in the coin, there was minimal care regarding the overall striking. The coins were to be used as currency, traded in commerce. Not preserved as collectibles.

1855 Sydney Mint Sov good EF obv June 2018

Obverse of Australia's very first sovereign, the 1855 Sydney Mint Sovereign.

In its first year of operation the Sydney Mint produced 502,000 sovereigns.

Some three years later, mintage figures had doubled, the very reason why the 1855 Sovereign is so scarce.

Australia’s first sovereign was struck depicting a youthful portrait of Queen Victoria with a braid in her hair. The design referred to as the Type 1 design appeared in 1855 and 1856 only.

It was replaced in 1857 depicting Queen Victoria with a sprig of Australia’s native flower, the banksia, in her hair. It is referred to as the Type 2 design.

The reverse design of both the Type 1 and Type 2 sovereigns was classically Australian: the word AUSTRALIA emblazoned across the face of the coin.

1855 Sydney Mint Sov Pie Chart
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1967 $5 Type 1 Coombs Randall Specimen Note back July 2018
1967 $5 Type 1 Coombs Randall Specimen Note front July 2018
COIN
1967 $5 Type 1 Coombs Randall Specimen Note
QUALITY
Specimen
PRICE
$5500
COMMENTS
Specimen notes are fully printed examples of circulating banknotes overprinted with the word 'SPECIMEN' in red to render them not negotiable. The overprint makes the notes distinctively different, extremely rare and highly sought after.
STATUS
Available now
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1967 $5 Type 1 Coombs Randall Specimen Note front July 2018
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This $5 Specimen note was produced in 1967 as part of Australia's decimal currency conversion program and bears the signatures of Coombs and Randall.

It is defined as a Type 1 Specimen note, distinguished by the small oval in the watermarked area containing the word Specimen.

 

 

The note carries the first serial prefix of the $5 issue, NAA. The note also bears the exalted serial numbers 000000 and is presented in strict Uncirculated quality.

The notes were printed before the first commercial print run, in the main  presented to a very restricted list of VIPs as well as being used as reference material for the major banks and financial institutions.

 


1927 Proof Canberra Florin rev Large April 2018
1927 Proof Canberra Florin obv Large April 2018
COIN
1927 Proof Canberra Florin
QUALITY
FDC
PROVENANCE
Private Collection Melbourne
PRICE
$ 25,000
COMMENTS
The original intention of proof coining was to create a numismatic masterpiece that would represent an era in Australia's history and tell a story that was an indelible part of our nation's past. The Melbourne Mint created a numismatic masterpiece when it struck the 1927 Proof Canberra Florin. The Duke of York officially opened Parliament House in Canberra on 9 May 1927. To commemorate the occasion, the Government authorised the minting of the Canberra Florin featuring Parliament House on the reverse and George V on the obverse. The Melbourne Mint issued 400 limited edition collector coins struck to proof quality. This coin is a superb example from the original mintage.
STATUS
Available now
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1927 Proof Canberra Florin obv Large April 2018
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It was the Melbourne Mint’s very first collector coin issue, the 'Proof Canberra' selling for a sixpence premium over face value.

Furthermore it was Australia’s very first commemorative coin.

The release of the 1927 Proof Canberra Florin was a well-publicised event that saw the coins sell to members of the public outside traditional numismatic circles.

Coins being mishandled or pieces simply lost into circulation was the fate of many of the proofs out of the original mintage of 400.

So a small mintage of coins becomes even smaller for the buyer seeking a quality Proof Canberra Florin.

In today’s market we might sight one premium quality Proof Canberra Florin every year.

This particular 1927 Proof Canberra Florin is a premium quality example and is classified as FDC, with brilliant mirror fields. The coin shows the characteristic striations associated with Proof Canberra Florins which reflects meticulous die preparation.  Moreover, it has been sharply struck and brilliantly preserved.  Visually it is stunning.

As an exquisite example of the Melbourne Mint's craftsmanship, the coin is a numismatic gem.

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scan 1 1934 Riddle Sheehan £1 Rev
Riddle Sheehan £1 obverse July 2018
COIN
1933 Riddle Sheehan One Pound R28
QUALITY
Uncirculated
PRICE
$3250
COMMENTS
That great value is to be had in the banknote market is clearly evidenced in this George V Riddle Sheehan One Pound. Every box is ticked. The note introduced a new design, and that’s important to collectors. It offers quality that can’t be improved upon at Uncirculated. Issued in an era that is especially popular, George V. And available at a price that is very affordable.
STATUS
Available now
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Riddle Sheehan £1 obverse July 2018
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This One Pound was issued between August 1933 and September 1938 and heralded in a new design. With the passing of George V in 1936, it was also the very last George V One Pound issued.

The departure from the gold standard in 1932 saw a major overhaul of Australia’s banknotes. Instead of a promise to redeem the note for its value in gold, new wording on all notes proclaimed the following: “This note is legal tender for One Pound in the Commonwealth and all territories under the control of the Commonwealth”.

The size of the new note was also reduced to make it more workable in every day usage.

This is a top-quality banknote. Uncirculated and superb, it’s as fresh as the day it was printed, crisp and clean with razor sharp edges and strong colour.

This is everything you would want in a top-quality banknote. Including the price. 

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1823 Macintosh & Degraves obv
1823 Macintosh and Degraves Rev
COIN
1823 Macintosh and Degraves Shilling
QUALITY
nearly Uncirculated
PROVENANCE
Guy Newton-Brown, Private Collection Sydney
PRICE
$ 95,000
COMMENTS
That historians have traced a business transaction involving the 1823 Macintosh & Degraves Kangaroo Shilling back to 1848 attests to the importance of this iconic piece of Australiana. The transaction was a purchase for the esteemed London National Collection. The Kangaroo Shilling has a remarkable history with a connection that lives on today to Tasmania's Cascade Brewery.
STATUS
Available now
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1823 Macintosh and Degraves Rev
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This particular Macintosh and Degraves Shilling is the finest of 15 known examples. Excessively rare, consistently in demand, this piece stands shoulder to shoulder with some of Australia’s great coin rarities.

Formerly owned by Melbourne barrister Guy Newton-Brown it is sold with historical papers from Spink & Son London, 1968.

1823 Macintosh & Degraves documents

Fondly referred to as the ‘Smiling Rat’, the design was reputedly based on a drawing that was sent back to London in the late 1780s, said to be the first depiction of an Australian kangaroo.

It is our first Australian token and the only piece to be struck in this denomination.

When Hugh McIntosh and Peter Degraves organised the striking of this token for the Cascade Saw Mills in 1823, they could hardly have foreseen that it would one day become a prized collector piece. 

The token is remarkable for a number of reasons, all of which adds to its value today.

  • For a start, there’s that creature. Anyone who has taken even a passing interest in our colonial history would have seen it elsewhere: it’s reputedly based on a drawing that was sent back to London in the late 1780s, said to be the first depiction of an Australian kangaroo.
  • Then there’s the ‘Tasmania’ legend on the token. Until 1853 the island colony was known officially as Van Diemen’s Land, although Tasmania was used in print as early as 1824.
  • Messrs McIntosh and Degraves did not arrive in the colony until April 1824 – the year after the token’s ostensible date. What’s more, the Cascade Saw Mills for which it was struck didn’t commence operations until four months later.
  • It’s generally acknowledged that the Macintosh and Degraves token was struck in London in 1824 prior to their departure from England, most likely at the Soho Mint of Matthew Boulton fame. Furthermore, it is believed that it was never issued, the majority melted down following a well-documented custom’s seizure involving the partners’ cargo.

That we don’t know the full story has tantalised numismatists and historians for decades.

Does it really matter? Definitely not – after all, it simply adds to the magic. 

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1860 Aborigine Threepence Obv
1860 Aborigine Threepence Rev
COIN
1860 Hogarth & Erichsen Aborigine Threepence
QUALITY
Mint state, as struck
PROVENANCE
Sir Marcus Clark K.B.E, sold by James R. Lawson Auctioneers 1954.
PRICE
$145,000
COMMENTS
The 1860 Aborigine Threepence is an industry icon. It is the earliest representation of an indigenous person to appear on Australian currency. Its appeal extends far beyond the numismatic industry. It is a piece that has cultural significance. And national significance.
STATUS
Available now
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1860 Aborigine Threepence Rev
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This 1860 Aborigine Threepence was formerly owned by Sir Marcus Clark K.B.E and is presented in a superb mint state.

When James R Lawson Auctioneers sold the collection of the late Sir Marcus Clark in July 1954, his 1860 Aborigine Threepence (this coin) was placed in the sale alongside his Holey Dollar and Dump, such was the respect with which it was held.

Selling for £38, the Aborigine Threepence fetched more than twice that of Clark's Extremely Fine Dump (£18). Today the Dump would be valued in excess of $100,000. 

At £38, the Aborigine Threepence fetched nearly double that of Clark's Extremely Fine 1852 Adelaide Pound Cracked Die (£20) which today would be valued at $175,000.

The potential of this piece is further highlighted by the realisation of Sir Marcus Clark's Ferdinand VII Holey Dollar in the same 1954 Lawson Auction. The Holey Dollar sold for £72. That very same coin is currently on offer at Coinworks for $465,000.

Struck in silver, a minuscule eight pieces of the 1860 Aborigine Threepence are known, with this piece acknowledged as the absolute finest.

Presented as struck, in a mint state, the surfaces are proof-like.

As you would expect of a piece of this calibre, it comes with a well-documented pedigree, the property of foremost collector Sir Marcus Clark whose reputation for acquiring the very best is indelibly printed into the chronicles of numismatic history.

The sale of the Marcus Clark Collection in 1954 by auctioneers James Lawson Pty Ltd records the first public appearance of the Aborigine Threepence, where it sold for £38.

The piece was auctioned 27 years later, and in a fiercely contested bidding war, it sold for $23,000 on a pre-auction estimate of $12,500. 

The third appearance was in July 2007. The front cover item of a 400-page catalogue, it stirred up serious buyer interest selling for $92,000 against a pre-auction estimate of $75,000.

Julius Hogarth and Conrad Erichsen set up as jewellers in 1852 in a small shop at 394 George Street (near Liverpool Street). Relocating several times in the same street, their final location was 312 George Street on the south east corner of Hunter Street in what was formerly Skinners Hotel.

Hogarth is reputed to have designed and engraved the dies, while Erichsen is said to have actually made them. History records that Erichsen was quite a drinker and in the habit of striking a token whenever his thirst got the better of him!

Messrs Hogarth and Erichsen actively promoted the use of indigenous Australian flora and fauna elements and indigenous figures into their metal work and jewellery. They achieved great success during the 1850s notably through the vice-regal patronage of Governors Young and Denison.

Their works are today held in Canberra’s National Library of Australia and National Gallery of Australia. And Melbourne’s National Gallery of Victoria and Sydney’s Powerhouse Museum.

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1893M Half Sovereign EF rev PP March 2018
1893M Half Sovereign EF obv PP March 2018
COIN
1893 Melbourne Mint Veiled Head Half Sovereign
QUALITY
Extremely Fine
PROVENANCE
Private Collection New South Wales
PRICE
$95,000
COMMENTS
Ask most collectors ... what is Australia's rarest circulating gold coin and they will respond with the answer, the 1920 Sydney Sovereign. Setting the record straight. Australia’s rarest circulating gold coin is the 1893 Half Sovereign struck at the Melbourne Mint, featuring the Veiled Head portrait of Queen Victoria. Up until last year, five coins were known, two of which are held in the Royal Australian Mint Collection, Canberra. And it must be noted that the five examples are all well circulated, bereft of significant design detail. This example, graded Extremely Fine, is a recent find and takes the tally of known examples to six. Aside from its discovery, this coin is the finest (by far). Below, we have included technical photographs of the famous Quartermaster example as a point of comparison.
STATUS
Available now.
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1893M Half Sovereign EF obv PP March 2018
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The 1893M Veiled Head Proof Half Sovereign first came to public notice in the mid-eighties when it was offered by Spink Auctions Melbourne on 18 July 1985. Let's call it coin number 1.

Previously unknown as a circulating coin, news of its appearance impacted hugely throughout the Australian rare coin industry. And made an even stronger impression on international markets. (The coin is particularly important to British Commonwealth collectors of which there are thousands.)

Renowned Gold Dealer, Richard Lubbock, flew from London to Australia to attend the auction and on an estimate of $750, he paid $1080 for a well circulated example, graded Very Good.

Lubbock came specifically to buy the coin. His only purchase.  And caught the first flight home to the UK, his job well done.

Up until this point, the 1920 Sydney Sovereign had always been considered Australia’s rarest circulating gold coin with nine examples known. The July 1985 Auction re-wrote numismatic history.

Coin number 2, also a well circulated Very Good example, appeared at Nobles Auction in 2002. The coin is easily identified with graffiti on the reverse.

The same coin re-appeared in KJC Auctions Sydney in 2006 and sold for $46,600.

Coin number 3 surfaced at the Reserve Bank of Australia Auction in 2005. The coin, Very Good on the obverse and Fine on the reverse, sold for $61,190.

Considered the then finest of the three examples it sold to the Quartermaster (QM) Collection. When the QM Collection was liquidated in 2009 it sold for $110,000 in a private transaction after the auction.

Coins numbered 4 and 5 are held in the Royal Australain Mint Canberra, each coin well circulated and graded Very Good.

The coin here is the finest example of Australia's rarest circulating gold coin and is available now.

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1893M Half Sovereign Obv Tech 1435 PP March 2018
1893M QM OBV PP March 2018

Shown above, a technical shot of the obverse of the coin on offer, the Extremely Fine 1893M Half Sovereign.

Compare it to the example at right, acquired from the 2005 RBA Auction and sold to the famous Quartermaster Collection.

Shown above, a technical shot of the obverse of the Quartermaster 1893M Half Sovereign.

The obverse is bereft of design detail and is graded Very Good. Compare it to the coin on offer.


1893M Half Sovereign Rev Tech 1445 PP March 2018
1893M QM REV PP March 2018

Shown above, a technical shot of the reverse of the coin on offer, the Extremely Fine 1893M Half Sovereign.

Compare it to the example shown at right, acquired from the 2005 RBA Auction and was later sold to the famous Quartermaster Collection.

Shown above, a technical shot of the reverse of the Quartermaster 1893M Half Sovereign.

Grading of the reverse is Fine. It was acquired from the 2005 RBA Auction and was later sold to the famous Quartermaster Collection. Compare it to the coin on offer.



1896 Proof Half Sovereign rev FROSTED B&B October 2017
1896 Proof Half Sovereign obv FROSTED B&B October 2017
COIN
1896 Proof Half Sovereign Melbourne Mint
QUALITY
Superb FDC
PROVENANCE
Private Collection Melbourne
PRICE
$85,000
COMMENTS
This 1896 Proof Half Sovereign was struck at the Melbourne Mint and is extremely rare. It was acquired by private treaty in 1995 and has only recently surfaced. Only two other examples are known and both were offered at auction in the 1980s. One of the two re-appeared at auction in 1998: the other has never been sighted since. Such sporadic offerings reflect the rarity of Australia’s pre-decimal proof gold sovereigns and half sovereigns; an area of the Australian coin market that is acknowledged as its rarest and its most prestigious.
STATUS
Available now.
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1896 Proof Half Sovereign obv FROSTED B&B October 2017
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It is a statement of fact that proof gold, irrespective of the sector, is extremely rare and buying opportunities will always be thin on the ground.

But there is another consideration. Great coins tend to be held. This coin for instance. It was acquired by private treaty in 1995 and has only recently surfaced. The owner of the Madrid Collection held onto his gold proofs for more than twenty years. The Spalding family similarly. So too Tom Hadley in the formation of the Quartermaster Collection.

The availability of a gold proof sovereign and proof half sovereign - of any year - is an opportunity. If you happen to be offered one of exceptional rarity then the opportunity is even more profound.

In the striking of a proof coin, the Melbourne Mint’s intention was to create a single masterpiece, coining perfection. Perfection in the dies. Wire brushed so that they were razor sharp. Perfection in the design, highly detailed, expertly crafted. Perfection in the fields, achieved by hand selecting unblemished blanks, polished to create a mirror shine. Perfection in the edges to encase the design … exactly what a ‘picture frame does to a canvass’.

And nothing has changed.

Coining perfection is still the prime goal of the Royal Australian and the Perth Mint. Only the processes have changed, modernised so that instead of one or two coins being struck, thousands can be commercially produced.

 

In the striking of proof coins, the Melbourne Mint was not commercially motivated.

In the 19th and 20th centuries, the Australian mints (Melbourne, Sydney and Perth) crafted gold proofs as representative examples of those sovereigns and half sovereigns they were striking for circulation.

The coins were struck to be preserved in government archives as a record of Australia’s coining history, time-capsuled for future generations.

Given that proof coining was also a very labour intensive process and time consuming, minimal numbers of proofs were struck.  Less than ten was the norm.

A far cry from today's decimal coin market.

This coin exemplifies all that is good about the Australian rare coin industry. This coin is history. This coin is perfection. This coin is exclusive. And this coin has the potential for capital growth.

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