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1856 Sydney Mint Type I Half Sovereign Very Fine

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1856 Sydney Mint Type I Half Sovereign Very Fine

A strong example - great detail in the hair and wreath.

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HALF SOVEREIGN Queen Victoria 1856 Sydney Mint

Obverse: Type II portrait

Reverse: Australia within wreath

A strong example - great detail in the hair and wreath.

Following the discovery of gold at Bathurst in 1851, economic growth in Australia exploded.

The amount of coins in use in the colonial economy was simply unable to keep pace with the growing population.

When we consider that the population of Victoria doubled in 1852 alone, we can appreciate just how often the few coins that were in circulation would have been used.

Just 21,000 half sovereigns were struck at the Sydney Mint in 1855, and 478,000 were struck in 1856.

The Australian Bureau of Statistics records that the total population of colonial Australia was 876,729 people in 1856, meaning there were less than two Sydney half sovereigns available per person at that time.

This particular 1856 has a lot of detail remaining in the designs either side - the hairline of Victoria remains strong, as does the wreath across the reverse.

The surfaces are wholly original, the contact marks that can be seen either side are not unusual for a coin in this grade.

Click the PCGS icon below to verify the certificate details for this coin directly on the PCGS website.

PCGS Certificate Verification 84686992