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1887 Young Head Shield Sovereign Melbourne Mint, the last year of the Queen Victoria Young Head Sovereign Series and a world class rarity.


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65602-1887-Young-Head-Sovereign-MM-REV-December-2023
1887 Young Head Shield Sovereign Melbourne Mint, the last year of the Queen Victoria Young Head Sovereign Series and a world class rarity.
COIN
1887 Young Head Shield Sovereign Melbourne Mint, the last year of the Queen Victoria Young Head Sovereign Series and a world class rarity.
PRICE
$37,500
STATUS
SOLD 9/2/2024
QUALITY
Brilliant Uncirculated with proof-like mirror fields and the tell-tale kiss-curl in front of the ear.
PROVENANCE
Robert Jaggard 1989 • Paul Terry • Sale by private treaty 1992 Monetarium to Tom Hadley, Quartermaster Collection (Lot 73)
COMMENTS
A coin that has a pedigree that includes Australia’s greatest gold coin collectors Bob Jaggard, Paul Terry and Tom Hadley will never disappoint. This 1887 Sovereign, a case in point. It is a rare date sovereign and it is the finest known. In Australia’s history, the year 1887 is unique in that it presented the Deputy Master of the Melbourne Mint with two distinctly different reverse designs, St George and the Dragon or Shield. And as Queen Victoria celebrated her Golden Jubilee mid-1887, there were options of two distinctly different obverse designs, the Young Head or Jubilee portrait. With so many options, and no requirement to strike equal numbers of each, it was inevitable that a super-rarity would emerge. And it has in the form of this coin, the 1887 Shield Sovereign featuring the Young Head portrait of Queen Victoria. Extremely rare across all quality levels and this example the very finest at Brilliant Uncirculated. The technical shots, shown below, confirm its glorious state.
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65602-49059-1887-Shield-Sovereign-OBV-TECH-February-2024

This 1887 Sovereign features the Young Head portrait of Queen Victoria. Presented in Brilliant Uncirculated with proof-like mirror surfaces. Under the glass, we observe the kiss-curl in front of the ear.

65602-49059-1887-Shield-Sovereign-REV-TECH-February-2024

The mintmark 'M' rests at the base of the shield indicating that the sovereign was struck at the Melbourne Mint. Superb edges and proof-like mirror fields.

There are some key indicators that collectors look out for when making a numismatic purchase. And all of this is weighed up against the price.

The date is critical. The more important the date, the better. How rare is the coin for the rarer the better. And finally, what about its quality?

This Brilliant Uncirculated 1887 Sovereign has the lot!

An important date.

The Queen Victoria Young Head portrait appeared on Australia's sovereigns between 1871 and 1887. Likewise the Shield design, 1871 to 1887.

The importance of this coin is clear. It marks the end of the era that produced Australia's Young Head Shield Sovereigns.

It is an acknowledged fact that collectors prefer the first and last year of a series over and above all others. The first year and the last year are defining. Those in between are not.

How rare is the coin?

Throughout Australia’s history, upheavals and extraordinary events have impacted on mintages and created numismatic super-stars. Think 1930 Penny. Think 1920 Florin. And think 1887 Shield Sovereign.

The Melbourne Mint was awash with options in the striking of its sovereigns in 1887 with two reverse designs available to them, that of St George and the Dragon and the Shield. And two obverse designs depicting Queen Victoria, the Young Head portrait and the Jubilee portrait, introduced in mid-1887.

It was inevitable that amidst the chaos a numismatic super-star would emerge.

And it has in the form of this coin, the 1887 Sovereign featuring the Young Head portrait of Queen Victoria and the Shield reverse. it is one of the key dates of the series and a world class rarity.

History confirms the extreme rarity of the Melbourne Mint's 1887 Young Head Shield Sovereign (1887M).

Noble Numismatics is Australia’s largest Auction House holding three auctions annually each comprised of about 3000 lots.

Their auctions provide a plethora of invaluable information on prices realised and importantly, the frequency of sightings ... how often a coin can realistically be expected to appear on the market.

We note that:

• Only three Uncirculated 1887M Young Head Shield Sovereigns have been offered at Nobles over the last ten years!

• The most recent sale was in 2019 for $21,500. The pre-auction estimate was $12,500. And the coin on offer here is the finest and is far superior.

• Confirming the rarity of the 1887M across all quality levels, on average just one 1887 Melbourne Mint Young Head Shield Sovereign is offered at Nobles annually.


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