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Value Of An 1885m Shield Sovereign

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oh my florin's Avatar
Australia
1006 Posts
 Posted 07/13/2012  05:25 am Show Profile   Bookmark this topic Add oh my florin to your friends list Get a Link to this Message Number of Subscribers
Poll Question
Just wanted to ask if some of you could value this coin for me because I was interested in buying it at the recent downies auction? Thanks to everyone in advance



Value-Of-An-1885m-Shield-Sovereign

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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 07/13/2012  6:11 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
I grade this between VF and EF.

It's often difficult to grade British shield reverses and it's more difficult from scans and low resolution images; and presumably it's a low resolution image for its size to be able to be uploaded.
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oh my florin's Avatar
Australia
1006 Posts
 Posted 07/13/2012  6:34 pm  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
Sorry pertinax it isn't British it is Australian and if you want to see the full high resolution picture here is the link
http://downies.com/aca/Auction311/a.../311/930.jpg
Edited by oh my florin
07/13/2012 6:37 pm
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/13/2012  6:40 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
oh my florin is spot on the money
Mintage of 2.95 million VF= $435 EF=$475
Now IF it was a 1886m coin then that is an entirely different matter indeed
Edited by trout1105
07/13/2012 6:41 pm
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 07/13/2012  7:31 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
oh my florin,
Thanks, I'm perfectly well aware of the M on the reverse denoting Melbourne mint.

As I said in my post, it's a British shield reverse.

A British shield not an Australian one.

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trout1105's Avatar
Australia
7096 Posts
 Posted 07/13/2012  7:41 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
As I said in my post, it's a British shield reverse.

A British shield not an Australian one.


If that is the case then why does the coin posted have the "M" mint mark that denotes that it was minted in Melbourne Australia
Edited by trout1105
07/13/2012 7:48 pm
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 07/13/2012  8:36 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
trout1105,
I'm not sure I understand your question.

British coins circulated in Australia, as they did in many other parts of the British Empire.
The Commonwealth of Australia didn't come into being until 1901.

The 1885 sovereign minted in Australia is the same design as the 1885 sovereign minted in London, apart from the mintmark.
Whether you choose to regard sovereigns with the S and M mintmarks as Australian and those without as British is immaterial. British coin catalogues list all of them, and plenty collectors of British coins collect sovereigns with the S and M mintmarks.
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/13/2012  8:49 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
These coins were minted in Australia for circulation in Australia so I imagine that they should be called "Australian coins" with the brit design
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oh my florin's Avatar
Australia
1006 Posts
 Posted 07/13/2012  9:36 pm  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
Kind of disapointed with the grading of the coin cause Downies catalogued it at EF/aUNC. Pertinax if a coin was minted in Australia to be circulated in Australia correct me if I am wrong but it is pretty reasonable to assume it is Australian and I didnt mean it was an Australian Shield I meant it was an Australian coin.
Btw this sovereign went for $625 not including commision and $746.90 including comision
Edited by oh my florin
07/13/2012 9:37 pm
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 07/13/2012  10:20 pm  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I am no expert at grading but Ef a/unc has to be a little generous...

The details dont look bad to me but how can it be a/unc with the damage to the rim on the reverse and the scarring to her cheek.

I agree with the post saying its between VF and EF.

I also would classify it as a British coin because regardless of the mintmark it was minted for the British Empire which Australia was part of at the time. (Andy Murray is Scottish but we call him British when he reaches a Wimbledon final)

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oh my florin's Avatar
Australia
1006 Posts
 Posted 07/14/2012  12:02 am  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
I agree the rim damage dosen't really help their cause but in my opinion this is considerably better than VF and at least EF. Mcdonalds grading guide describes
aUNC has faint traces of wear on the highest points of the design.Shows reasonable luster and eye appeal. Minimal bag marks and traces of being handled are allowable.
EF is a coin which shows slight wear that is barely noticeable to the naked eye and to be careful to not confuse a soft strike with wear.
VF is a coin showing distinct signs of wear which is not due to a weak strike. Most of the luster will have disappeared and the high points of the coin will be completely missing. Some rim damage is acceptable.
The coin does display rim damage which falls under VF,Slight wear which falls under EF/aUNC, Luster also is EF/aUNC in my opinion. Also remember that this photo is magnified so some of the wear may not be noticeable to the naked eye and the damage which appears severe like the rim damage isn't as bad to the naked eye
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wwwww's Avatar
Australia
541 Posts
 Posted 07/14/2012  12:11 am  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
Trout the sovereign is a British coin, The Royal Mint had branches in Sydney, Melbourne, Perth, Bombay, Ottawa and Pretoria which produced them too. Despite this, Australian collectors consider locally minted sovereigns part of the Australian collecting series.
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/14/2012  12:47 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Trout the sovereign is a British coin, The Royal Mint had branches in Sydney, Melbourne, Perth, Bombay, Ottawa and Pretoria which produced them too. Despite this, Australian collectors consider locally minted sovereigns part of the Australian collecting series.

I am aware of that But these were made from Aussie gold , minted in Aus for Australian circulation, So bugger it, The pom's may recon they are theirs only because they commissioned the mints but essentially they are Australian coins
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oh my florin's Avatar
Australia
1006 Posts
 Posted 07/14/2012  04:23 am  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
Trout dont provoke the poms now they may cancel the Olympics or even worse start claiming that the Holey dollar wasnt Australian either
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/14/2012  05:07 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Trout don't provoke the poms now they may cancel the Olympics or even worse start claiming that the Holey dollar wasn't Australian either

Who cares , We know
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 07/14/2012  06:01 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
Cancelling the olympics is OK with me :) its going to be one mile from my house and the roads will be murder...

The coin is common ground, it appeals to both the Brits and the Aussies...that can only be a good thing :)
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