Proof 1927 Canberra Florin

Proof 1927 Canberra Florin
Proof 1927 Canberra Florin
SOLD 22/1/2024
FDC, visually stunning with highly reflective silver fields and a hint of golden toning around the periphery
Sale by Private Treaty, April 2007
Name the top five all-time favourite Australian rare coins. Without doubt the 1930 Penny would be at the top of the list. But, the Proof 1927 Canberra Florin would, in all likelihood, be at position number two. It is a coin that resonates with all Australians and for many collectors it's not a matter of 'IF' I will buy a Proof Canberra Florin, it's 'WHEN' I will buy one. The coin is historically important and was struck to commemorate the opening of Parliament House in Canberra. And it is rare with numismatic authority Greg McDonald contending that the mintage could be as low as 150, an explanation as to why so few are appearing on the market. And this Proof 1927 Canberra Florin is a superb FDC with a highly detailed design set against a backdrop of smooth, brilliant fields. And for those that are technically minded, the strike has been well executed, there are heavy striations on both obverse and reverse and Parliament House shows the three parliamentary steps!
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Four reasons why the Proof 1927 Canberra Florin is so popular.

1. Genuine rarity

While Melbourne Mint records show a mintage of 400, it is generally accepted that the issue did not sell-out and a significant number of proofs were re-melted after failing to find a home. According to respected author Greg McDonald, the actual figure could be as low as 150. The proofs were gifted to politicians and sold to the general public (without a case), thereby introducing the possibility of mishandling. So for the buyer that makes quality a priority, the waiting time for a really nice Proof 1927 Canberra Florin can be a minimum of two years. Perhaps even longer.

2. Historically important

The Proof Canberra is Australia's first commemorative coin, minted for one of the most significant events in Australia’s journey to nationhood. The opening of the nation’s first Parliamentary buildings in the national capital in 1927. The coin is distinguished by a unique obverse featuring an enlarged bust of King George V, designed by Sir Edgar Mackennal.

3. A design that resonates with all Australians

In an article published in the CAB Magazine, February 2007, author and respected numismatist Vince Verheyen declared the Proof 1927 Canberra Florin "arguably Australia's most attractive predecimal silver coin". We can only but agree. The reverse of 'Old Parliament House' was designed by George Kruger-Gray.

4. Value and appreciating value

Two things are clear when you analyse auction realisations of the Proof 1927 Canberra Florin over the past forty years. The first thing you notice is that the coin is extremely scarce. On average one pristine Proof Canberra Florin appears at auction every few years. The second thing we noticed was that the coin has enjoyed solid price growth. In the 1980s, a Proof 1927 Canberra Florin was selling for approximately $1000 - $1500 at auction. Two decades later, top quality Proof Canberra Florins are commanding in excess of $20,000.

What makes this Proof Canberra Florin so good?

Use the naked eye and move the coin through the light and allow the light to reflect off the fields.

• On both obverse and reverse this Proof 1927 Canberra Florin has superb highly reflective fields. It is as though you are looking at a mirror.

• On the obverse and reverse there is a just a hint of golden toning on the periphery. Magnificent!

• The edges are intact and solid.

• Under a magnifying glass we note, the striations, between the 'ONE' in the legend and the oval containing the date 1927, are strong. This tells us is that the dies were well prepared, brushed with a wire-brush to ensure they were sharp.

• Vertical striations on the obverse are similarly distinct and strong.

• Heavy striations equates to well brushed dies. Well brushed dies equates to a razor sharp, three dimensional coin design. And the three parliamentary steps are present!

• The fields are impressive. Amazing for a coin struck nearly a century ago. Our comment here is that this coin's former owners have always respected and cherished its quality for its state of preservation is remarkable.

This Proof 1927 Canberra Florin is an impressive coin.

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PO Box 1060 Hawksburn Victoria Australia 3142

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