Australia 1887 Sydney Gold Two Pound Proof Jubilee Head
Obverse: Jubilee bust of Queen Victoria to left, legend around. VICTORIA D:G: BRITT: REG: F:D:. (Victoria by the Grace of God, Queen of Britain and Defender of the Faith)
Reverse: St George slaying dragon, date and mintmark below.
Accompanied by a detailed authentication report from the Royal Mint in Wales.
Lot #716, Noble Numismatics Auction 20 (November 1986). Passed in at an estimate of: $25,000.
Lot #782, Noble Numismatics Auction 26 (November 1988). Passed in at an estimate of: $25,000.
Lot #330, International Auction Galleries Auction 70 (September 2009). Estimate: $130,000, Hammer: $130,000, Nett: $155,025.
A magnificent example of what is unequivocally one of Australia's rarest gold coins.
The 1887 Sydney Two Pound Proof is unequivocally one of Australia's rarest gold coins.
Although the Sydney Mint struck £5 and £2 gold coins dated 1887 and 1902, as only 2 examples are known in private hands of the 1902 £5; 1902 £2 and 1887 £5, the 1887 Sydney £2 is realistically the only Australian high denomination gold coin that most collectors will have the opportunity to own.
It has a history rich in royalty, mystery and scandal, and has been included in each of the finest collections of Australian gold coins ever formed.
The background of this coin has always been a mystery - the Royal Mint in London did not know it existed until 1922.
Despite (or perhaps because of) that mystery, it has long been treasured by the owners of Australia's finest collections of gold coins.
One was so determined to own it, he broke the law repeatedly until he got one.
As a result, the historical position of this coin has been tainted by scandal for decades.
Fresh research into the correspondence archives of the Sydney Mint; the Melbourne Mint and the Royal Mint now fully explains where and when this coin was struck.
A newly-issued authentication report for this coin from the Royal Mint definitively addresses any authentication concerns.
28 were struck, but only 7 are known in private hands - the remainder were sold but are unaccounted for. This is the first example to be authenticated by the Royal Mint in 32 years.
It remains a magnificent example of what is unequivocally one of Australia's rarest gold coins.
Please note - a copy of the detailed authentication report from the Royal Mint will be provided to the buyer.
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