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1852 Type II Adelaide Pound Very Good

1852 Type II Adelaide Pound Very Good

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A genuine example of the first gold coin struck on Australian soil.

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Gold ADELAIDE POUND TYPE II 1852 Adelaide Assay Office Very Good

A genuine example of the first gold coin struck on Australian soil.

The 1852 Adelaide Pound is Australia’s first unofficial gold coin, minted in response to the discovery of gold at Mount Alexander (Victoria) in November 1851.

Varying reports suggest that up to 80% of the adult male population of Adelaide decamped to the goldfields, taking all of the hard currency they could find and allowing the colony to fall into disrepair.

According to the noted authority on the topic, J. Hunt Deacon “The introduction of the Bullion Act and the subsequent coinage of the Adelaide Pound was a masterly stroke of legislature, and played no small part in averting economic catastrophe and laying the foundation for a stabilised currency.”

The Adelaide Pound remains to this day as solid testament to Australian ingenuity during a period of social and economic turmoil.

Their appeal to historians and collectors is heightened further when their rarity and beauty in superior grade is considered.

This particular example was clearly someone’s “lucky” coin for an extended period of time. The drill point at 12 o’clock either side indicates it was suspended on a loop and worn on a necklace.

Although it certainly isn’t the finest known example, it is without question a genuine product of the Adelaide Assay Office, and remains a unique example of Australian ingenuity in response to pressing circumstances.

An analysis of the number of these coins seen via auction since the 1970’s shows that the Adelaide Pound is as rare in this condition as it is in better than average quality.

The last comparable example we saw offered via a Sydney auction earlier in 2018 made more than $5,000.