The Coin Cabinet
Auction 83  28 May 2023
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Lot 57

Starting price: 500 GBP
Price realized: 4100 GBP
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MS 61 | AUSTRALIA. Victoria, 1837-1901.
Gold sovereign, 1872/1 M. Melbourne. Shield; 2 over 1.
In 1871 it was decided to open a second mint in Australia, this time in Melbourne, to service the increasing demand for gold coins. From now coins would bear the same design as the British sovereigns, identified by a mint mark in the lower section of the reverse of the coin. Dies of the new designs and bearing the date 1871 were prepared in London and left Southampton via boat on 30 September 1871. However, after transferring the package to the steamer Rangoon on 1 November, the boat hit a rock on the Southwest coast of Ceylon. Despite this terrible fate all passengers and a small number of packages were saved. The 1872/1 overdate is testament to the survival of at least one of the 1871 dies as local engraver Julius Hogarth was commissioned by the Melbourne mint to create the overdate die. An extremely rare variety with a captivating story and truly historical significance.
Young head left, WW on truncation; date below, with 2 struck over 1; VICTORIA DEI GRATIA. / Crowned shield within wreath; mintmark M and national emblems below; BRITANNIARUM REGINA FID: DEF:. Edge milled.
Only 1 graded higher with NGC. The finest we have handled.
In secure plastic holder, graded NGC MS 61, certification number 2124460-045.

NGC Census in this grade: 1.
NGC Census in higher grade: 1
Total NGC Census: 13
Reference: S-3854; Marsh-59A; McD-120c
Diameter: 22.05 mm.
Weight: 7.99 g. (AGW=0.2355 oz.)
Composition: 916.7/1000 Gold.

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