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The 1926 Sydney sovereign is something of an enigma to many numismatists: published information on it is almost as rare as the coin itself.

Although the official gold sovereign mintage for Sydney in 1926 is 131,050, many senior numismatists believe that 131,000 were shipped to London as payment against debts incurred by the Australian Government in World War I. It is thought that these coins were melted down immediately upon arrival in London, ensuring the extreme rarity of the 1926 Sydney sovereign.

Although the last gold deposits at the Sydney Mint were made on June 30th 1926, the last sovereigns were not actually struck until August 11th. In a description of events relating to the closure of the Sydney Mint, the Deputy Master (Mr A.M. Le Seouf), states that “Anything of historic interest has been preserved for... read more

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