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Posted 02/16/2012 07:45 am
Australian gold is near impossible to acquire in true Gem Uncirculated condition, this is because the mints used rough bagging processes and considering the softness of gold, it's nearly impossible for a coin to survive the process relatively unscathed.
I've only encountered 8 non-proof Australian mint sovereigns with clear surfaces - an 1872-M Shield, an 1879-S YH an 1887-S JH and 5 Sydney mint Geo V sovs. 3 of the Geo V issues were specimen strikes, the 1872-M had compelling evidence indicating it was a specimen strike and the rest I am also convinced were specimen strikes.
If it is truly a Gem condition coin, then it is a bargain at $500.
I've only encountered 8 non-proof Australian mint sovereigns with clear surfaces - an 1872-M Shield, an 1879-S YH an 1887-S JH and 5 Sydney mint Geo V sovs. 3 of the Geo V issues were specimen strikes, the 1872-M had compelling evidence indicating it was a specimen strike and the rest I am also convinced were specimen strikes.
If it is truly a Gem condition coin, then it is a bargain at $500.
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