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1856 Sydney Mint Type I Sovereign good EF (PCGS AU 55)

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1856 Sydney Mint Type I Sovereign good EF (PCGS AU 55)

Just one finer graded to date by PCGS.

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Queen Victoria 1856 Gold Sovereign Sydney Mint

Obverse: Type I portrait

Reverse: Australia within wreath

Quality: PCGS AU 55

Just one finer graded to date by PCGS.

The 1855 Sydney sovereign is prized by collectors for it's history - it is the very first official gold coin struck on Australian soil.

The 1856 Sydney Mint sovereign shares exactly the same obverse and reverse designs as the 1855 Sydney sovereign, so it is rightly regarded as being as on a par with the 1855 as the first type of official gold coin struck on Australian soil. For collectors interested in relative rarity and value, the 1856 has a certain appeal over and above the 1855 as a representative of this historic two-year type.

Like so many coins and banknotes issued just after a new denomination or series has begun, the 1856 Sydney Mint sovereign is demonstrably rarer than the coin that preceded it.

The relative rarity of these two coins has really only emerged in the past few years, and while part of this may be due to some short-term variability in the coins offered to PCGS, the relative populations of both coins offered for sale via auction over the decades does also reflect a difference in rarity - perhaps not quite to the same degree as the PCGS population report, however there is a distinct difference nonetheless.

Regardless of relative rarity, this 1856 Sydney sovereign really is a marvelous example of this historic type - it has strong detail in the Queen's hairline, as well as in the leaves of the wreath on the reverse. The coin retains an attractive straw lustre only seen on really high-grade Sydney Mint sovereigns from this period.

Click the PCGS icon below to verify the certificate details for this coin directly on the PCGS website.

PCGS Certificate Verification 29829974