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1852 Type II Adelaide Pound Extremely Fine

1852 Type II Adelaide Pound Extremely Fine

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Strong details and an attractive patina right across both sides.

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1852 Type II Adelaide Pound Extremely Fine

Strong details and an attractive patina right across both sides.

The 1852 Adelaide Pound is Australia’s first unofficial gold coin, minted in response to the discovery of gold at Mount Alexander (Victoria) in November 1851.

Varying reports suggest that up to 80% of the adult male population of Adelaide decamped to the goldfields, taking all of the hard currency they could find and allowing the colony to fall into disrepair.

According to the noted authority on the topic, J. Hunt Deacon “The introduction of the Bullion Act and the subsequent coinage of the Adelaide Pound was a masterly stroke of legislature, and played no small part in averting economic catastrophe and laying the foundation for a stabilised currency.”

The Adelaide Pound remains to this day as solid testament to Australian ingenuity during a period of social and economic turmoil.

Their appeal to historians and collectors is heightened further when their rarity and beauty in superior grade is considered.

This particular example shows only a modest amount of wear across the high poinst either side - the beads in the inner circles either side remain clear and distinct, as do the high points of the crown.

The adjustment marks at the top of the planchet are quite standard for this issue, and are evidence of the determination of the Assay Office staff to remain within a fine tolerance for weight.

This is a solid and atractive example of Australia’s first unofficial gold coin.