Complete Collection Melbourne 1955 – 1963 Proof Coins


Complete Set of Melbourne Mint Proof Coins 1955 – 1963
Complete Collection Melbourne 1955 – 1963 Proof Coins
COIN
Complete Collection Melbourne 1955 – 1963 Proof Coins
QUALITY
Superb FDC
PROVENANCE
Private Collection Melbourne
PRICE
$35,000
COMMENTS
Over the years we have sourced some truly remarkable material, and at all dollar levels. And this collection of forty pre-decimal proof coins struck by the Melbourne Mint is genuinely remarkable. When it came across the counter last week our eyes lit up. We had sold the Collection several years before and we knew the minute we laid eyes on it that we could only have sourced it from one of two collectors. We checked and we were correct. The original owner was a Melbourne collector, an expert on Australian proof coinage and has authored many articles on the same. His coins are distinctively sensational.
STATUS
Sold September 2017
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This collection of proofs had been put together over a twenty-year period to a consistently high standard. The silver proofs are brilliant. The coppers, which are the driving force for rarity and price growth, are simply sensational.

The collection is comprised of:

  • 1955 Melbourne Proof Set (4 coins)
  • 1956 Melbourne Proof Set (5 coins)
  • 1957 Melbourne Proof Set (4 coins)
  • 1958 Melbourne Proof Set (5 coins)
  • 1959 Melbourne Proof Set (6 coins)
  • 1960 Melbourne Proof Set (4 coins)
  • 1961 Melbourne Proof Set (4 coins)
  • 1962 Melbourne Proof Set (4 coins)
  • 1963 Melbourne Proof Set (4 coins)

The proof coin sets struck between 1955 and 1963 are a perfect entry point into the Australian rare coin market. Limited edition collector coins at affordable prices.

It comes at the top of our list of recommendations for clients looking to tuck something special away for their children or grandchildren. It is without doubt one of the most popular collecting series in the Australian coin market.

We like this series and for the following reasons:

  • The sets are affordable.
  • The sets can be acquired progressively one year at a time.
  • Each proof set is a stand-alone rarity, so there is 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. 

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.)

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 programme 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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