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Posted on: Nov, 11/14/2018

The 1937 crown is Australia's third pre-decimal commemorative coin, struck and issued to mark the coronation of King George VI in 1937, an event celebrated right through the British Commonwealth.

It is far more than just another commemorative coin however- the story behind it is uniquely Australian. Australia 1937 Crown

The Commonwealth Government had originally planned to commemorate the coronation of King Edward VIII on (January 20th 1936) with the release of a five shilling coin, however as this denomination had not been issued in Australia before, the Coinage Act of 1909 had to be...

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Category [ Tags: Commonwealth Coins ]
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Posted on: Oct, 10/30/2018

One of the biggest business books of the past decade was surely "The Black Swan: The Impact of the Highly Improbable”, written by Nassim Taleb and published in 2007. 

Taleb's book focuses on the impact that rare and unpredictable events have, as well as the human tendency to retrospectively find simplistic explanations for these events. (Named by Taleb as "Black Swan Theory”).

As the release of Australia’s NGB $50 note into circulation on October 10th 2018 had been meticulously planned and even publicised it definitely would not be classified by Taleb as a "Black Swan event", however as there are several black swans featured in the designs either side, we may be able to classify the launch as a black swan event on that technicality....

The table below lists the main...

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Category [ Tags: Decimal Coins & Banknotes ]
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Posted on: Oct, 10/25/2018

The 1887 Sydney Two Pound Proof is one of Australia’s rarest gold coins. It is in fact so rare that senior staff at the Royal Mint in London were still not aware that it existed until 1922 - more than 3 decades after it was struck.

It has been a highlight of a number of Australia’s finest...

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Category [ Tags: Australian Gold Coinage ]
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Posted on: Oct, 10/13/2018

The story of the men that created the notes used in the Hay Internment Camp was recounted in popular culture most explicitly in the 1980's TV series produced by the BBC titled "The Dunera Boys". The full story of the notes is far less well known - particularly the fact that the designs either side contain a range of "hidden" messages within them.

The "Dunera Boys" included musicians, artists, philosophers, scientists and writers - their living facilities at Camp Hay were basic, many said that was boredom that was the greatest enemy.

Internees organised educational and artistic projects, including lectures, concerts and camp newspapers. One such project was the creation of these currency notes that were intended to be used within the confines of the internment camp. The designer of the notes...

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Category [ Tags: Commonwealth Banknotes ]
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Posted on: Jul, 07/20/2018

Australia's pre-Federation banknotes are a rich and complex series that captures the history of Australia’s growing economy throughout the 19th century.

As these privately-issued notes are so starkly different to the single series of currency notes we use across the country today, it is an area that can be foreboding for the novice collector.

A large number of banks issued notes across many cities; states and decades - each one of those banks issued several different series of notes, often with markedly different designs and often in different denominations.

As the cost of a pre-Federation note can run into the hundreds; thousands and even tens of thousands of dollars, rather than risk making a decision that might cost them a significant sum, many collectors choose to steer clear of...

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Category [ Tags: Pre-Federation Notes ]
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Posted on: Jun, 06/10/2018

To the Australian sovereign collector, the adoption of the Small Head portrait of King George V doesn’t appear to have been urgently required - it does not correspond with any major anniversary of George V’s reign.

 

I have not been able to locate any significant discussion of this obverse type anywhere to date, and have compiled the following information from the resources available to me. Be advised that it is a work in progress, and will be amended and added to as more information comes to hand.

Although many sovereigns with the Large Head portrait of King George V do not have fine details of the reverse design fully struck up, that is more to do with dies wearing through mass production than any significant inherent design fault...

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Category [ Tags: Australian Gold Coinage ]
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Posted on: May, 05/30/2018

The 2018 Banking Royal Commission has caused a great deal of debate within Australia's political parties and the general public over just how Australia's banking system should be designed to ensure the safety of the average bank depositor.

Those discussing the issues at hand will be interested to learn of the history of the Federal Bank of Australia in the late 1800's, and the failed attempt by the "Associated Banks of Victoria" to enforce effective separation in the Australian banking system.

The narrative of the Federal Bank of Australia mirrors the incredible wealth that was generated during the land boom seen in Melbourne in the late 1800’s. Unfortunately for the bank’s directors; investors and depositors, their demise also exemplified the crushing cost of the banking crisis of 1893...

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Category [ Tags: Pre-Federation Notes ]
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Posted on: May, 05/18/2018

From the safety and security of the 21st century, it is incredibly difficult for us to appreciate just how challenging daily life was for Australians living in Melbourne in 1942. The Japanese armed forces were slowly making their way throughout South East Asia towards Australia, while living conditions reflected the grim sacrifices being made by Australia’s service personnel in the Middle East and against the Japanese.

Although the Melbourne Mint struck around 31 million coins throughout 1942, the mintage of the 1942 Melbourne threepence is amongst the lowest of any Australian coin struck for circulation in the past 80 years. In mint condition, it is a classic rarity and is the key coin to acquire in Australia's King George VI series.

Sacrifices Made Across the Country for the War...

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Category [ Tags: Commonwealth Coins ]
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Posted on: May, 05/10/2018

Convict love tokens are one of the few numismatic items in Australia that appear in mainstream media more than numismatic media. Collectors love nothing more than to sink their teeth into a series - to allocate an item to a category and type, to understand how it fits into the scheme of things.

The research that has been conducted to tradesman’s tokens is a great example of that numismatic interest - tradesman’s tokens have been categorised according to denomination, issuer, date, region of issue, and even die type.

 

Although tradesman’s tokens are nowhere near as popular as silver or copper predecimal coins, I’d estimate that around a dozen books, booklets and pamphlets have been published on them over the years, the first dating back to the late 1800’s. A well-studied collector of...

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Category [ Tags: Proclamation and Colonial Coins ]
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Posted on: May, 05/10/2018

In 1964, coin collectors in Australia and the United States were informed that Australian proof coins were being sold by the Bombay Mint.

The most alarming aspect of this report was that the Australian proof coins available were dated 1942 and 1943 - under normal conventions, production of them had stopped more than two decades earlier.

There was a credible explanation for this incredible revelation however, and the coins are regarded as prized rarities to this day.

SANJ Article - Proof Coins from Bombay

Coins from India for Soldiers from America to Spend in Australia...

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Category [ Tags: Commonwealth Coins ]
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