1886 Melbourne Shield Sovereign Shield Reverse good EF (PCGS AU55)
| We Last Sold This Item For: | $13,500.00 |
|---|---|
| Last Sold On: | 29/6/2022 |
| # Sold In Past 12 Months: | 0 |
1886 Melbourne Shield Sovereign Shield Reverse good EF (PCGS AU55)
Obverse: Queen Victoria Young Head
Reverse: Coronate shield within wreath mintmark below
Look at that sharp hairline - this coin was missing from a number of really important collections of Australian gold.
Not only is the 1886 Melbourne Shield reverse sovereign the rarest Australian sovereign with the Shield reverse, it is unequivocally one of the rarest and most important of all Australian sovereigns.
Just how many of these coins were struck is not known, Melbourne Mint staff did not regularly delineate the mintage figures of sovereigns between the Shield and St George reverse types.
It is interesting to note that the mintage of half-sovereigns at the Melbourne Mint in 1886 was just 38,000 coins, and further that the 1886 Melbourne Shield sovereign is exponentially rarer.
This would indicate that the actual mintage of the 1886 Melbourne Shield sovereign is far lower than 38,000 coins.
I've sighted around 6 different examples of this coin at auction in Australia over the past 5 years - on my estimation 3 of these would not "grade" with PCGS as they were scratched.
The three coins that stood a good chance of passing muster with PCGS sold for between $10,000 and $12,000. At least one of those was far lower quality than this coin.
As a dealer that has been active in Australian sovereigns for close to two decades now, I simply cannot believe what good quality examples of this coin are currently selling for on the open market.
This is a rare, historic and important coin, and is currently available at what I believe is a rock bottom price.
I firmly believe it is excellent value for money, and will easily stand the test of time.
Click here to read our article on the background to this historic Australian gold coin.
Click the PCGS icon below to verify the certificate details for this coin directly on the PCGS website.
PCGS Certificate Number: 34678751
SKU: 24009
Browse our catalog of Shields below:
Others Also Bought
More From This Category
I've taken my coins to Andrew a few times. Him and his staff are very nice people. Andrew is honest and down to earth. 👍
I have purchased several bulk lots of world coins from Sterling & Currency over the last few years. Read more...
I live on East Coast but prefer dealing with Andrew on the West due to his integrity, knowledge and prices, Read more...
Just purchased a 1966 blue case decimal mint set. Andrew gave me a ring to ensure it had arrived and provided Read more...
.jpg)
The team at Sterling & Currency is a family affair – small but growing. Andrew Crellin is the main dealer in the business, click here to read this credentials and how he started with the Perth Mint; spent a decade in Sydney working with two leading dealers and relocated back to Perth in 2006.
Jo is our budding Numismatist, Chief Event officer, Photographer and Packing Extraordinaire. Natalie is our media creator and photographer. Nicole manages the accounts and is part of the Packing Team. A myriad of important duties are carried out by the team that include photography, website updates, office admin, and chocolate eating.
Ruby the Ridgeback quite frankly has learned nothing about coins, however contributes by barking at anyone wearing hi-viz.
We're Always Buying!
We need to buy tens of thousands of dollars worth of coins and notes each and every week of the year.
If you'd like to turn all or part of your collection into cash, get in touch with our expert staff and we'll be happy to start working on a deal with you.
Australian Gold Coins
We have extensive experience in handling all Australian gold soveriegns and halves, from the Adelaide Pounds of 1852 right through to the last coins of George V of 1931. All of the Australian gold coins in our online shop are described in detail with high resolution images.
Coins
At Sterling & Currency, we specialize in handling Australian coins dating from our nation's settlement in 1788 through to the introduction of decimal currency in 1966. We have an extensive range in our online store of Australian gold, copper and silver coins.
Decimal Coins
The Australian proof and UNC coins struck by the Perth Mint and the Royal Australian Mint are the most accessible coins available to collectors today. If you're not able to find a particular coin that you're keen to add to your collection, let us know and we'll be contact you when it becomes available.