Coin: 1855 Sydney Mint Sovereign
Quality: Extremely Fine
You can tell a high quality coin just by looking at it with the naked eye. That's because a quality coin has traits that are clearly visible to the unaided-eye.
And one glance at this 1855 Sydney Mint Sovereign says it is a high quality piece.
The coin has presence and has original lustre in the legend both on the obverse and reverse.
Under the glass you see that it has minimal marks in the fields.
Proudly Australian; the word 'AUSTRALIA' emblazoned across the reverse, the Sydney Mint series was the only time the word Australia would appear on the nation's sovereigns.
Interested in this coin and the piece below, then talk to us about a special price.
Coin: 1855 Sydney Mint Sovereign
Quality: Good Extremely Fine
By offering two coins at different quality levels we are obviously inviting comparison. And that's completely fine with us, because both coins stand up to scrutiny.
At Good Extremely Fine this coin has undergone minimal circulation with slight wear to the high points as evidenced in the hairline along Queen Victoria's forehead and flowing down to her ear.
And while all of this may sound very technical, it is the technical details that determine that one coin has sustained more/less wear than the other. And so dictates their relative price levels.
We note that we last offered a Good Extremely Fine 1855 Sydney Mint Sovereign more than eighteen months ago.
This quality level is rarely seen.
Interested in this coin and the piece above, then talk to us about a special price.
Rarity is just one of the inherent traits that a buyer should look for when contemplating an investment in coins or banknotes.
The other key ingredient is popularity.
These comments may well have been written with the 1855 Sydney Mint Sovereign in mind for the ’55 sovereign is genuinely rare in the upper quality levels. It also is incredibly popular, given that it is the nation’s first 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’. 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.
We have two high quality 1855 Sydney Mint Sovereigns to offer. They are both favourably priced and, given their rarity, have the potential for growth.
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.