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Stanley Gibbons Baldwin's
Auction 88  8 May 2014
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Lot 2111

Estimate: 600 GBP
Price realized: 740 GBP
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BRITISH COINS, MILLED GOLD SOVEREIGNS, Victoria, Gold Sovereigns (3), Sydney branch mint, 1867, 1868, struck in 22 carat gold alloyed with 8.33% silver, 1870, struck in 22 carat gold alloyed with 8.33% copper, second young head left, with wreath of banksia in hair, date below, rev crown and laurel wreath arranged around australia at centre, denomination below, legend above (Bentley 650, 651, 653; McD 114, 115, 117; QM 41, -; 44; Marsh 373, 374, 375; KM 4; Fr 10). Generally with scuffs, surface marks and hairlines, the second with scratch at back of neck and another on reverse below T in central legend, scuff above centre, the first fine to good fine, the second about very fine, the last very fine with red tinge of copper showing. (3)
Calendar year mintages 2,370,000; 2,319,000 to which should be added that for calendar year 1869 of 1,202,000; 1,220,000 respectively.
The Sydney mint type Sovereigns are all struck in 22 carat gold and usually alloyed with 8.33% silver as demonstrated here with the 1867 and 1868, from late 1868 onwards the mintage was alloyed with 8.33% copper instead of silver as with the 1870 dated piece here. The Quartermaster Collection did not contain the 1868 with silver alloy as we have here.
The total output of the Australia type coins of the Sydney mint dating from 1855 to 1870 totalled 25,867,500 pieces.

The second design from 1857-1870 accounts for 24,384,500 Sovereigns of this total.

Estimate: £600-800
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