Sorry! This 1947 Proof Florin PCGS PR63 ex Remick Collection has sold.
1947 Proof Florin PCGS PR63 ex Remick Collection
We understand this coin is unique in private hands, and has an impeccable provenance.
| We Last Sold This Item For: | $18,750.00 |
|---|---|
| Last Sold On: | 27/10/2023 |
| # Sold In Past 12 Months: | 1 |
Recent Sales in this Category
1947 Melbourne Proof Florin PCGS PR63 ex Remick Collection
Obverse: Bust of George VI to left, legend around
Reverse: Coat of Arms above date, legend around
Diameter: 28.50mm | Weight: 11.31g | Purity: 92.50%
Mintage: Unknown
Provenance:
Ex Jerome Remick collection, Spink and Son (London) October 18th 2006; Lot 110.
Estimate: GBP2,000; Hammer: GBP7,000; Nett: A$17,334
We understand this coin is unique in private hands, it has an impeccable provenance.
Very few proof coins were struck in silver at any of Australia's branch mints between 1938 and 1953. The primary reason for this stoppage in proof coin production was the outbreak of the Second World War in September 1939. "Staff shortages, and the fact that equipment and machinery were not able to be maintained as in normal circumstances, meant that ... more pressing matters of war took precedence."
The only silver proof coins dated between 1939 and 1951 and struck by an Australian mint that are available to collectors were struck as a record of production.
Just one proof example of the proof 1947 florin is known in private hands, it is ex the Jerome Remick collection. A similar example is held in the Museum Victoria collection, along with a specimen 1947 threepence.
The Proof 1947 Florin, A 39 million to One Coin
The 1947 florin has the highest mintage out of the entire Australian florin series - 39,292,800 were struck. The reason for this backlog seems to be found in the need for legislative change before coins with the reduced alloy could be distributed. Commentary by John Sharples posted on the Museum Victoria website advises that "Coins in the new alloy were stockpiled through 1946 and were released after the necessary legislation was passed in 1947."
The Coinage Act 1947 was assented to on June 10th 1947 and commenced on July 8th 1946. Numerous contemporary media articles announced the introduction of the new coins into circulation and pointed out that "...they were likely to become collectors' pieces."
The reason for this was the legend placed around the rim of the obverse - it included the term 'IND IMP', which described the King in Latin as "Emperor of India". That title was to lapse when India and Pakistan became independent on August 15th, 1947 - a matter of weeks after the coins were introduced into circulation. The next Australian florins to be released in 1951 did not have this title included in it.
We can only imagine just how much keen interest there would have been in the new florins when they were released - collectors and the public would have been keen to literally get a feel for the new weight, and to check the controversial obverse legend. It is incredible to think there is just one 1947 proof coin available to collectors, yet more than 39 million were struck for circulation.
Click the PCGS icon below to verify the certificate details for this coin directly on the PCGS website.
PCGS Certificate Number: 46940094
SKU: 14872
Browse our catalog of Florins below:
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