1855 Sydney Mint Sovereign, the nation's first gold sovereign


1855-Sovereign-aUnc-Obverse-August-2019
1855-Sovereign-aUnc-Reverse-August-2019
1855 Sydney Mint Sovereign, the nation's first gold sovereign
COIN
1855 Sydney Mint Sovereign, the nation's first gold sovereign
QUALITY
About Uncirculated
PROVENANCE
Private Collection Melbourne
PRICE
$55,000
COMMENTS
There are two things we know about high quality 1855 Sydney Mint Sovereigns. NUMBER ONE. They are extremely rare. You can count on the fingers of one hand the number of 1855 Sydney Mint Sovereigns we have sold at this quality level. NUMBER TWO. They are exceedingly important. The '55 Sovereign is the nation's very first sovereign and will always have pride of place in any collection. So, if quality 1855 Sydney Mint Sovereigns are difficult to find today, then they are going to be even more difficult to find as the years roll on. Which is why we believe that high quality 1855 Sydney Mint Sovereigns are great coins to tuck away for the future.
STATUS
Available now
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The 1855 Sydney Mint Sovereign has pride of place in every Australian sovereign collection.

It is the nation’s first gold sovereign minted at the Sydney Mint, the nation’s very first mint, and brings to any collection a wonderful and everlasting history.

But, the 1855 Sydney Mint sovereign offers more than history. In the quality level offered here the coin also offers exceptional rarity.

You can count on the fingers of one hand the number of 1855 Sydney Mint Sovereigns that we have sold at About Uncirculated, a reflection of the coin’s extremely limited availability in the upper echelons of quality.

The attached pie chart clearly shows the relative scarcity of an 1855 Sydney Mint Sovereign at this quality level. (The yellow area).

It’s a picture that speaks a 1000-words.

This 1855 Sydney Mint Sovereign is presented in about Uncirculated, with minimal marks in the field and original lustre on both the obverse and reverse.

Given its superior quality we ask the question. Which coin is the more difficult to acquire in this superior state? The 1855 Sydney Mint Sovereign or the 1852 Adelaide Pound? Australia’s first gold sovereign or first gold pound?

From an examination of auction records – and our own experience - the answer is very clearly, the 1855 Sydney Mint Sovereign. In fact, our first sovereign is four times harder to find than the Adelaide Pound.

We have always had the greatest faith in the 1855 Sydney Mint Sovereign. And we are keen buyers of high-quality examples.

It is the nation’s very first gold sovereign and therefore appeals to the sovereign collector.

It is also sought by the collector that is targeting key dates for the very first year of sovereign production is an important date in Australia’s history.

 

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.

And given the scarcity of 1855 sovereigns in the upper quality levels, it also appeals to the investor.

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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