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1 Florin - 1956

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wwhitman's Avatar
United States
1415 Posts
 Posted 06/07/2008  9:34 pm Show Profile   Bookmark this topic Add wwhitman to your friends list Get a Link to this Message Number of Subscribers
I picked up this Florin.
I was surprised when I found it was only worth $75 in Krause.
Seems low for only 1500 struck.
Does anyone know about this specimen?

Image: 1-Florin---1956 Australia_Florin_1956_Obv.jpg
79.64 KB

Image: 1-Florin---1956 Australia_Florin_1956_Rev.jpg
87.25 KB
Pillar of the Community
Australia
1040 Posts
 Posted 06/07/2008  10:19 pm  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Very hard to tell from those pics if it is indeed a proof, it may be only a well struck example. However it does seem to have very square rims, and very clear, defined beads and denticles, some of the indicators of a pre dec proof. It also seems to have friction marks on the high points. These came about as the mint originally stored its pre dec proofs in a metal draw with a felt bottom, so the coins would move every time the draw was opened. Scans also tend to flatten the coin, photos are better if you can post one.

Assuming you bought it as a proof, it has an Australian catalogue value of $600 or $185 in uncirculated.
Valued Member
gnome's Avatar
Australia
372 Posts
 Posted 06/07/2008  10:28 pm  Show Profile   Bookmark this reply Add gnome to your friends list Get a Link to this Reply
The mintage figure you have is for the proof coin, of 1500.
The mintage for a 1956 florin is 8,090,000.
It does seem cheap for a proof.
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KurtS's Avatar
United States
5318 Posts
 Posted 06/08/2008  12:35 am  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Here's a proof '57 Florin for comparison (from Heritage):

1-Florin---1956

1-Florin---1956
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Spedward's Avatar
Australia
839 Posts
 Posted 06/08/2008  02:54 am  Show Profile   Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
doesn't look much like a proof
Pillar of the Community
Australia
1040 Posts
 Posted 06/08/2008  06:15 am  Show Profile   Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Pre decimal proofs look very different to decimal proofs Eddy. Where as today's proofs are struck from specially prepared dies, pre decimals may have been struck from the very dies used for the circulation coins. They may even perhaps be called specimen strikes. They were the first coins struck from the dies and very carefully examined to detect any imperfections. They can be really hard to tell from a normal circulation coin.

I have been trying to find link to a site that explains how to identify them but I can't for the life of me remember where I saw it.

If you look at the coin Kurt posted, you will notice how square the rims are, pretty much perfect right angles. You will be hard pressed to find a regular circulation coin like this, most will have angled, rounded or uneven rims.

Look at the denticles. Each one is perfectly formed and very clear.
These are the first 2 things I look at to determine if a coin may be a proof. And of course, the coin shows full detail in all the lettering and devices, there should be no wear at all, except for the scuffing mentioned above.

And I always buy my proof pre decimals from a reputable dealer. I like to think I can identify one, but I am no expert.
Edited by latman100
06/08/2008 06:23 am
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Spedward's Avatar
Australia
839 Posts
 Posted 06/08/2008  08:05 am  Show Profile   Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
k thanks latman
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Learjet's Avatar
Australia
655 Posts
 Posted 06/08/2008  11:40 am  Show Profile   Bookmark this reply Add Learjet to your friends list Get a Link to this Reply
A friend of mine has a couple of proof florins. I notice the proof ones he had displayed smooth field surfaces where a regular florin had a distinctly different frosted type of surface. I don't know if that applies to all years or just some.

I think this is one of the proof ones going through my photo allbum. The detail is superb.

1-Florin---1956
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wwhitman's Avatar
United States
1415 Posts
 Posted 06/08/2008  3:09 pm  Show Profile   Bookmark this reply Add wwhitman to your friends list Get a Link to this Reply
latman,
THANX for the information.
You have been quite helpful and I learned a lot.
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