Baldwin & Sons
Auction 88 8 May 2014
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BRITISH COINS, MILLED GOLD SOVEREIGNS, Victoria, Gold Sovereigns (2), 1857, spread date figures, 1858, smaller date figures, second larger young head left, ww incuse on truncation without stops, date below, weak bars to A's in legend of second, rev crowned quartered shield of arms within laurel wreath, emblems below (Bentley 77, cf 79; Marsh 40, 41; MCE 518, 519; S 3852D). Both cleaned and with surface marks and hairlines, the second with scratch on cheek, otherwise about very fine and good fine. (2)
Calendar year mintages 4,495,748 and 803,234 respectively
The 1858 mintage is a dramatically lower calendar year mintage figure than previous years, in fact the fourth lowest for the Victoria shield London series, and only seven times higher than the 1841 output. The 1858 Sovereign could be considered rare but does seem to be readily available. This is either because of a high survival rate as perhaps a quantity of the issue was hoarded, coming to the market-place many years later, or some of the 1859 output was dated 1858. However the 1859 output is not that high either being not even double that of 1858. The hoarding theory is most likely.
Estimate: £400-500
Calendar year mintages 4,495,748 and 803,234 respectively
The 1858 mintage is a dramatically lower calendar year mintage figure than previous years, in fact the fourth lowest for the Victoria shield London series, and only seven times higher than the 1841 output. The 1858 Sovereign could be considered rare but does seem to be readily available. This is either because of a high survival rate as perhaps a quantity of the issue was hoarded, coming to the market-place many years later, or some of the 1859 output was dated 1858. However the 1859 output is not that high either being not even double that of 1858. The hoarding theory is most likely.
Estimate: £400-500