Unique 1933 Proof Shilling, a proof striking of Australia's rarest circulating shilling

Unique 1933 Proof Shilling, a proof striking of Australia's rarest circulating shilling
Unique 1933 Proof Shilling, a proof striking of Australia's rarest circulating shilling
SOLD 5/3/2024
FDC with stunning mirror fields, beautiful golden colours around the periphery. Heavy striations on both obverse and reverse reflect careful die preparation.
Barrie Winsor Collection, 2003 • Private Collection Sydney.
The Proof 1930 Penny • The Proof 1923 Halfpenny • The Proof 1933 Shilling. These three proof coins all share a common thread. They are proofs of rare date circulating currency and are extremely rare, very prestigious, highly sought after and highly valued. The 1930 Penny, Australia’s rarest circulating penny. The 1923 Halfpenny, the nation’s rarest circulating halfpenny. And the 1933 Shilling Australia’s rarest circulating shilling, the mintage a trifling 220,000 coins, the limited numbers due to the Depression. This 1933 Proof Shilling was struck as a presentation piece at the Melbourne Mint and is one of the truly great coins of Australian numismatics, a proof striking of Australia’s rarest circulating shilling. Enhancing its greatness, the coin is the only example available to collectors. And that's a powerful combination. The ultimate standing and the ultimate rarity.
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This 1933 Proof Shilling was not struck for collectors as part of any mass-marketing sales campaign. The coin was struck for the mint's archives and the privileged few. Because it was a specially arranged striking of presentation pieces, only a handful were struck.

Technically, we refer to it as a 'Coin of Record'.

The term, COIN OF RECORD, is to a large extent self-explanatory. It is a coin that has been minted to put on record a date. Or to record a design.

What is not self-explanatory is that Coins of Record were struck to PROOF quality as presentation pieces. And were struck in the most minute numbers satisfying the requirements of the mint rather than the wants of collectors.

Forget the notion of striking ten thousand proofs as collectors are accustomed to today. Let's talk about striking a total of ten coins ... or in the case of this coin a lot less!

For today’s collectors the Coins of Record offer a wonderful link to the past and are extremely rare, two reasons that make them so popular.

There was no commercial angle in the production of Coins of Record. The mints were not out to make money from the exercise. Quite the reverse, striking a proof coin in our pre-decimal era was a very labour intensive (and hence costly) exercise that would have dented the mints annual budget quite considerably. The prime reason why so few coins were struck.

In the striking of a proof coin, the mint’s intention was to create a single masterpiece, coining perfection. Perfection in the dies. Wire brushed so that they are razor sharp. Perfection in the design, highly detailed, expertly crafted. Perfection in the fields, achieved by hand selecting unblemished blanks, polished to create a mirror shine. Perfection in the edges to encase the design … exactly what a ‘picture frame does to a canvass’.

A proof is an artistic interpretation of a coin that was intended for circulation. A proof coin is meant to be impactful, have the ‘wow’ factor and exhibit qualities that are clearly visible to the naked eye. A proof coin was never intended to be used in every-day use, tucked away in a purse. Or popped into a pocket.

So, what happened to these Coins of Record? Where did they go? And if they were struck by the mints for their own use, how did they get into collector's hands?

In the main, Coins of Record ended up in the mint’s own archives, preserving its history for future generations. Any coins that were surplus to requirements may also have been sent to a museum or public institution.

Coins of Record were also put on display at public Exhibitions. The two known examples of the Proof 1866 Sovereign and Proof 1866 Half Sovereign were especially struck to exhibit as ‘products of New South Wales’ as part of the Colonial Mints display at the International Colonial Exhibition of 1866 and the International Exposition in Paris, 1867. They were discovered in London in the early 1970s.

It is noted that many of the overseas mints have over time sold off Coins of Record that they considered excess to their requirements allowing them to come into collector's hands. The Royal Mint South Africa sold off several Australian gold proofs in the 1990s.

It is also noted that influential collectors, and those that moved in the same circles as the Deputy Master, did occasionally receive a proof coin. Most likely in exchange for a coin of the same face value, so that the mint's 'books' would be balanced.




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