2015 Commonwealths Longest Reigning Monarch Commemorative Coin Design

2015 Elizabeth II Longest Reigning Commonwealth Monarch Design (image courtesy www.ramint.gov.au)

2015 Elizabeth II Longest Reigning Commonwealth Monarch Design (image courtesy www.ramint.gov.au)


September ninth brings a special milestone in the history of the British monarchy. On this date Queen Elizabeth II will surpass Queen Victoria as the longest reigning monarch of 63 years and 216 days. As part of the British Commonwealth Australia celebrates this event with a commemorative coin design being depicted on a non-circulating 50c and on a $5 coin. The design by the Royal Australian Mint’s Bronwyn King features Her Majesty’s Royal insignia and Australia’s golden wattle. In the centre facing vertically is a depiction of the anointing spoon used at the Queen’s Coronation in 1953 in which an oil was used of neroli, jasmine, rose, cinnamon, benzoin, musk, civet and ambergris with some of those flowers also depicted in the design.

This design is being struck on a dodecagonal NCLT cupro-nickel 50 cent and also a $5 one ounce round silver proof coin. The fine silver proof is also included in a three coin set with a £5 from the British Royal Mint and a $20 from the Royal Canadian Mint who have also struck commemorative designs for the occasion.

Posted in Coin News, Collecting Coins

Perth Mint Off Metal Trial Strikes – What are they?

Update 4 – 1kg 1993 Platinum Uniface Koala Facsimile Coin Imaged

Update 3 – Problems with Perth Mint Advertising Pieces for more than 20 years!

Update 2 – We’ve been in contact with the Perth Mint, mystery solved!

Update 1 – We got our hands on some “trial strikes”!

Back in 2010 I saw my first off metal Perth Mint “trial strike” in the auction lots of a well known Queensland auction house. It was uniface, made from aluminium and showed the reverse design of a 10 ounce kookaburra coin. Right now I can’t remember what year the “trial strike” was but it was from the early 1990’s. Over the ensuing years I’d seen several more appear from time to time in auctions and on eBay, where they tended to sell between $200 and $500 dollars and mostly be dated from the early 1990’s. It always baffled me how so many “trial strikes” escaped into the wild and I had always assumed that they were not trial strikes at all but paper weights with the felt removed. Perth Mint DO make coin shaped paperweights (see here for an example) and based on emails I sent to the Perth Mint they have done so for a long period of time.

However, the design of these “trial strikes” didn’t match the paperweights I could find. The “trial strikes” purported to be from 1 kilo, or 10 oz, 2 oz or 1 oz silver coins and as far as I could see all the paperweights the Perth Mint have sold have been gold plated. Mystery unsolved I gave up on the idea that the “trial strikes” were paperweights and perhaps were actually trial strikes. Until January 2015 this year when I was in Sydney in the offices of Wynyard Coins and I saw this:

The Perth Mint Advertising Board

The Perth Mint Advertising Board

It’s a lovely marketing board (we know now these are called Portfolio Boards) showing all of the coins available from the Perth Mint back in 1993. And hey look it’s covered in representations (or facsimiles) of Perth Mint coins….made from some sort of white metal. I couldn’t get one off to hold it but I strongly doubt the items representing the silver coins were silver any more than those representing gold or platinum coins were gold or platinum! Here’s a closer view:

Close up image of  advertising board.

Close up image of advertising board.

And are they uniface? Well I am glad you asked, yes they are!

Reverse image - Yes they are uniface!

Reverse image – Yes they are uniface!

It’s not entirely clear from the image but the “coins” were definitely uniface.

As far as I am concerned, that’s mystery solved about the so called Perth Mint uniface trial strikes struck in aluminium. They are almost certainly pieces removed from these nice looking Perth Mint Port Folio Boards.

Update 10 September 2015

A reader of this blog has sent us in some Perth Mint advertising items which you can see below. He bought them at a coin shop in Melbourne. The larger uniface item weights 7.32g and has diameter of 25.05mm. It represents the 1994 1/2 ounce platinum coin and when purchased was described by the coin dealer as coming from a Perth Mint advertising board similar to that shown above. The smaller item with the pad-printed monkey is 15.82mm in diameter and weighs 2.41g. When purchased it was described as a promotional item given by the Perth Mint to international dealers to promote their 2004 lunar coin program.

2004 Perth Mint Lunar Monkey Advertising Piece

2004 Perth Mint Lunar Monkey Advertising Piece

1994 Perth Mint 1/2 Ounce Platinum Uniface Advertising Piece

1994 Perth Mint 1/2 Ounce Platinum Uniface Advertising Piece

Now, there’s one important observation to be made about both these items. Neither is aluminium as they are far too heavy for their size to be made of that metal. What they are made from is unknown, we’ll be shooting an email off to the Perth Mint shortly asking what they are made of. We’ll also have to endeavour to get our hands on the 1oz and 2oz advertising pieces to see what they are made from!

Update 14 September 2015

We’ve been in contact with Pauline Burns, the senior customer services office from the Perth Mint. Here’s what she had to say with regards to both the items imaged above:

I have referred your email to our Marketing division and confirm the following.

The Monkey Medallion was Silver and made by The Perth Mint purely as a promotional piece.
2004 was the first time the mint had struck Coloured Australian Lunar.

The Koala Facsimiles are silver plated Copper – these were stuck onto Portfolio Boards for display at various conventions etc. They were made for a number of years.

Kind regards
Pauline Burns
Senior Customer Services Officer
The Perth Mint

So, that answers the question regarding the small pad-printed item, it is silver and it was struck as a promotional item. Pauline also supplied some Perth Mint production paperwork along with her email that called that item a Miniature Silver Monkey Medallion, that it was struck from 999 silver and had a nominal mass of 2g (despite our item weighing about 0.5g more). It confirms what the larger “Koala Facsimile” is too, a silver plated copper item designed for a “Portfolio Board”. However, there remains one question outstanding, what about the aluminium uniface trial strikes that spawned this entire blog article? Well, we shot off another email to Pauline and she answered very quickly with:

Marketing has confirmed that the Koalas were Silver Plated Copper, Kookaburras Silver Plated Aluminium and Kangaroos Gold Plated Copper.

Bingo. There’s our answer, the facsimile uniface kookaburras for the Portfolio Boards are silver plated aluminium. The facsimiles of the gold kangaroos and the platinum koalas are plated copper! Mystery solved!

Update 26 December 2015

As part of our project to create an online index for the Australian Coin Review magazine we’ve just confirmed that this issue with Perth Mint Facsimile Advertising items has been going on for more than 20 years! On page 9 of the October 1994 issue of The Australian Coin Review there’s an article titled “All That Glitters” concerning electroplated bronze facsimile coins made for the Monex Deposit Company in the USA. The article says:

They are the same size as the one ounce gold nugget and the one ounce platinum koala. The reverse design is also identical, even to the specification of the metal.

It appears that these facsimile coins also had an identical obverse design and the only way to pick them from the real McCoy was to pick them up as they only weighed about half an ounce rather than the full ounce. Here comes the rub though, someone passed them off as real bullion:

Naturally, some bright spark has loaded up two Californian dealers with a couple of pairs of these pieces in a quantity of other bullion and one of the dealers is somewhat irate.

Turns out the Perth Mint thought the weight difference would be enough to make the origins of these items obvious. Nope. The article goes on to say that the Perth Mint would include “Replica Not Gold (or Platinum)” on the reverse of the advertising pieces from that point forward. While not exactly the same issue as the uniface advertising pieces it highlights the dangers of items that are not clearly marked for what they really are!

Update 6 May 2016

On a recent trip to Melbourne we saw a facsimile of a 1 kilo 1993 Platinum Koala in a major dealer’s display cabinet. It wasn’t for sale but the dealer kindly agreed to loan it to us so we could take a picture of it. We asked the dealer if he knew what the item was, he said, “sure it’s an advertising piece made by the Perth Mint and it’s silver plated copper”. Eureka! It looks like the message is spreading regarding the true origins of these items. He wasn’t quite right though, it’s silver plated aluminium. You can see our image of the advertising piece below, it is 73mm in diameter and weighs 111 grams. Amusingly enough is still has the double sided tape on the reverse so it can be stuck to an advertising board.

1993 Perth Mint 1 kilo Platinum Uniface Advertising Piece

1993 Perth Mint 1 kilo Platinum Uniface Advertising Piece

For those who like a bit of maths, the specific gravity of platinum is 21.45 while that of Aluminium ranges from 2.5 to 2.8. Given that the size of the above planchet is the same as a real 1 kilo platinum coin this means if it really is struck in aluminium it should weight 115g to 131g. Which is just a few grams more than what this facsimile weighs.

Posted in Coin News, Collecting Coins

2015 Sydney Netball World Cup S Counterstamp Error

A Blog reader emailed us after reading our article about the quality of the S counterstamp Netball 20c coins. He explained he obtained two coins both depicting the lustre break at the base of the Queen’s neck and the strike through on the rim. One of the coins however left our reader dismayed and annoyed that the Mint had again left him with an impaired coin so he contacted us for advice.

The S counterstamp was rotated and stamped in the hoop area of the design in the incorrect position. A lack of concentration by Mint staff operating the mobile coin press resulted in the coin not being aligned in the correct position when the counterstamp was applied on site. Usually this kind of error would be picked up and the coin quickly put aside or replaced with a coin with the correct marking. In previous years there have been examples of multiple counterstamps, doubled counterstamps and even coins without counterstamps. This error makes the coin possibly one of a kind, unique and worth considerably more than the $15 purchase price. Probably hundreds of dollars in fact. You can see the coin below. Many thanks to our reader for sharing this image.

S Counterstamp Error

S Counterstamp Error

Posted in Error Coins

2015 Netball 20 Cent Counterstamp Variations

Australia 2015 20 Cent S Counterstamp

Australia 2015 20 Cent S Counterstamp

We got 10 of the 2015 20c Netball S counterstamps a couple of days ago. The quality of the coins isn’t the best that we’ve seen from the RAM in recent times but we’ve had a closer look at the coins and there’s some interesting little variations on the coins.

All of the coins showed an unusual lustre break a the bottom of the Queen’s neck on the obverse suggesting the surface texture of the die was different in that area. We’ve spoken to another collector who has some of these coins and his coins exhibit the same characteristic. 8 of the 10 coins had a strike through on the rim near the Queen’s neck. It must have been a small bit of swarf or wire and it’s interesting to see how it moved around from strike to strike. Also, one coin had a oil strike through on the obverse rim around the II of ELIZABETH II.

Wire Strike Through 1-4

Rim Strike Through 1-4

Rim Strike Through 1-4

Wire Strike Through 5-8

Rim Strike Through 5-8

Rim Strike Through 5-8

Oil Strike Through

Strike Through Oil Error

Strike Through Oil Error

Posted in Collecting Coins, Error Coins

Mint Releases first Counterstamped 20 Cent – Netball World Cup 2015 20c

In their never ending quest to find more products to sell to collectors the Royal Australian Mint is going to apply a counterstamp to the 2015 Netball World Cup 20 cent coin. Counterstamping coins is an easy way to “add value” to existing mint product, clearly it’s such a good thing the mint has splashed out on a second counterstamping press. One will be busy in Brisbane at the Ekka and the other will be set up for the Netball World Cup in the Fanfest fan zone at Allphones Arena at Olympic Park in Sydney.

The Netball World Cup will run from 7 to 16 of August and presumably the press will be operating the whole time and attendees can purchase the coins for $15 each. If you’re a regular collector then you’ll have to go to the event to collect your coin. You don’t need a ticket to get into the FanFEST area, it’s a free event open to anyone. If you’re a member of the RAM loyalty “Legends” program then you can order 5 coins over the phone, presumably at $15 too. They are not available at all online from the Mint.

Australia 2015 20 Cent S Counterstamp

Australia 2015 20 Cent S Counterstamp

The mint is selling the non counterstamped version of this coin via their website for $12 which will also be available in a PNC and an overprinted limited release ANDA show PNC. They are also selling a Netball themed 99.9% silver 1 Oz $5 coin that is domed in shape. Apparently it’s the world’s first Netball domed coin, but given the very few domed coins on the market that’s not saying much.

Update 27 August 2015 : We got some of these coins and there’s a few little errors and variations on them. Read more here.

Posted in Coin News

Million Numbered Banknotes

Elizabeth II One Pound Note Coombs/Wilson with  a Million Number Serial

Elizabeth II One Pound Note Coombs/Wilson with a Million Number Serial

Between 1913 and 1971 each Australian banknote prefix had a maximum of one million notes printed. These started at XX 000001 and in a complete serial run ended at the millionth note XX 1000000. Not all serial numbers however had a million notes printed. Starnotes replaced any soiled or damaged notes in the bundles to keep everything in sequential order making it easier to count but it was the last note, that millionth note that was special. There was only one millionth note per prefix and then only if that full run was printed.

That note was specially prepared and had an extra digit! The numbering machines printed 6 digits onto each note and this was an automated process. To prepare the millionth and last banknote for the run they had to hand prepare it. Note printing staff made a sheet of notes which included the serial XX 100000. That note was cut and the seventh digit hand printed onto the note in a careful process. This involved aligning the note with a piece of blank pink paper over the serial numbers and the numbers printed on that pink paper. On the pink paper a tiny piece was cut out in the position of the seventh digit. It was realigned shifted to the right and the inking rollers marked that final 0 giving that note its seventh digit. This alignment was purely visual and as such many million numbered notes have their last digit a little wonky. Judy Shaw, a leading banknote expert wrote that she met a Note Printing staffer who operated the machines and they needed much care and skill and they “were never attempted after a counter lunch”.

Even rarer than a starnote few of these million number notes have survived. In 2005 Judy Shaw suggested just 61 notes Australian pre-decimal million number notes exist whilst Mick Vort-Ronald suggested the number is more like 43 (Feb 1999). These numbers come from their experience trading in and watching the banknote market over the years. The oldest known surviving million serial banknote is a 1927 Riddle Heathershaw One Pound from the reign of George V. These notes are keenly sought and even have their own section in the catalogues. They have a considerably high catalogue value but take these with a grain of salt as the banknote market has fallen flat in the past few years.

References
Vort-Ronald, Michael P 1999, ‘The Millionth Note…’ Australian Coin Review, April Issue No. 411, pp 32-35
Shaw, Judy 2005, ‘Who Wants to be a Millionaire…I DO!’ The Australasian Coin and Banknote Magazine Year Book December Volume 8 Number 11, pp 56-57

Posted in Banknotes

Numismatic Association of Australia’s Upcoming Conference Adelaide

Every second year the Numismatic Association of Australia (NAA) holds a conference in a major capital city and this is an opportunity for coin collectors, dealers and those interested in numismatics to come together for the event. Held over 3 days attendees can buy/sell/swap and display items of numismatic interest on the Friday of the event. The Saturday and Sunday timetable provides short talks about specific topics by numismatic luminaries and their research and knowledge will be both entertaining and educational. Saturday night there will be an exclusive dinner held where you’ll be able to bring your partner.

The sixth biennial conference is this year being held in Adelaide from 23rd-25th October 2015. It is being held at the Naval, Military and Air Force Club of South Australia where smart casual dress is required. The location is 111 Hutt Street Adelaide City. If you’d like to participate in this event then you’ll need to register and pay the registration fee of $145 ($125 if you’re an NAA member). This includes entry for all three days of the event, all talks, the exclusive Saturday night dinner, savouries at the Friday night welcome function, Saturday and Sunday lunches, morning and afternoon teas and all day tea/coffee. It also includes a half table at the Friday afternoon bourse if you’d like to sell, swap or display numismatic items -you’ll need to notify the NAA Secretary when you register to ensure a table is held for you. The only added cost is $75 if you wish to bring your partner to the Saturday night dinner.

Surrounding the conference the Numismatic Society of South Australia (NSSA) who are subsidising this event for attendees have organised further activities for those interstate visitors who wish to take the time to see what Adelaide and South Australia has to offer. This includes a visit to the Army Museum and the Art Gallery of South Australia. Other interesting nearby activities are tours of Adelaide Oval or further afield you could visit Adelaide’s wine regions.

This conference is on our home turf and we’ll be speaking on the Saturday. For more information and registration please visit NAAC2015 Information and Registration. Hope to see you there!

Posted in Coin News

Melbourne and Perth Foy Bags and the 1934-5 Centenary Florin

Left: Melbourne (*Type I) Right: Perth (*Type II) Foy and Gibson Bags

Left: Melbourne (*Type I) Right: Perth (*Type II) Foy and Gibson Bags

A Foy Bag is a little paper envelope that does or once did contain a 1934-5 Melbourne Centenary Florin. The commemorative florin was given as change in the special paper pouch to those who shopped at Victoria’s first department store Foy and Gibson during the Melbourne Centenary celebrations. The Great Depression put great strain on living expenses and the authorities had trouble selling the commemorative florins (for 3 shillings each – 150% of face value) which had been minted for the centennial celebrations of the founding of Victoria (1834) and the establishment of Melbourne (1835). Department store Foy and Gibson Pty Ltd purchased 30,000 of the coins (which would otherwise have been melted down) to give to their customers in the special envelope so they could have an “unusual” coin in their change. The coins cost Foy and Gibson 3/- (3 shillings) each, and were distributed at face value, costing them 1/- per coin.

There are two type of Foy Bags, a Melbourne Foy Bag (*Type 1) and Perth Foy Bag (*Type 2) which represented the Perth branch of the retail giant. The Melbourne Foy Bag was issued at all their Victorian stores, Melbourne, Collingwood, Prahran and their store in Adelaide. The Perth Foy Bag is much rarer than the Melbourne Foy Bag and their value proportionally higher.

A larger image of a Melbourne Foy and Gibson Bag

A larger image of a Melbourne Foy and Gibson Bag

Because of their age and their fragility not many have survived the years without damage, it’s not often that you see quality examples with the envelope flap intact and we have never seen one without a centre fold. Given that Foy and Gibson bought 30,000 Centenary florins and distributed them as change to their customers along with one of these highly collectable bags this puts the maximum number issued (of the Melbourne and Perth types) at 30,000 bags. Surely only a small percentage of those bags have survived until today. This puts the value for the bag alone at eye opening levels. It’s not unusual to see a Melbourne Foy Bag realise a few hundred dollars while a Perth bag can be worth $1,000 or more. More, in fact, than the Centenary Florin often sells for. When a bag is sold with a matching Centenary florin it wouldn’t be unusual to have to pay $1,500+ to acquire the pair.

*Type I and II as described in The pocket guide to Australian Coins and Banknotes 18th edition by Greg McDonald

References
Collis, Alan H. 1971, ‘Collector or Numismatics’, Australian Coin Review, August Vol 8 No. 2, pp4-8
Collis, Alan H. 1971, ‘Collector or Numismatics’, Australian Coin Review, August Vol 8 No. 1, pp3-7

Posted in Collectables and Ephemera, Collecting Coins

Hub Doubled 1943m Threepence Variety

As published in the Australasian Coin and Banknote Magazine June 2015 by the Australian Coin Collecting Blog. Subscribe here.

Hub Doubling – What is it?
“Hubbing” is the process in coin manufacturing where hardened positive image working hubs are pressed into blank steel dies to form negative image production dies. Often it takes more than one hubbing process to fully form the coin image on a production die. However, as the production dies are hubbed they work harden and must be heat treated (or annealed) to soften them to allow the hubbing to be carried out again. Obviously when a production die is hubbed a second (or even a third) time the production engineers in charge of the process must ensure that the working hub and the production die are perfectly aligned. If they are not, then the result is a doubled die, or very occasionally, a tripled die. All coins struck with such a die will show the doubling or tripling.

Hub Doubling in Australian Coinage
There are a number of hub-doubled Australian coins known. The best known is the so-called “double-nose” penny (which is probably a triple die) of 1962 struck in Perth. You can see the obverse of one of these well-known coins in Figure 1. Others include the 1926 half penny, 1953A half penny, 1954A half penny, 1956Y penny and the 1977 2 cent.

Figure 1: Obverse of 1962y 'Double Nose' Penny

Figure 1: Obverse of 1962y ‘Double Nose’ Penny

An Interesting 1943M Threepence
In late 2014 we saw a picture of the obverse of a 1943M threepence while browsing a coin related internet forum. The obverse legends appeared to exhibit strong doubling but we couldn’t be entirely sure as the image wasn’t of the best quality. Regardless, it was interesting enough to warrant further investigation. We headed off to the world’s biggest numismatic garage sale (eBay) and spent a few hours looking at every Melbourne minted 1943 threepence we could find. We finally found a single coin nestled in a group of three other treys that seemed to have a doubled obverse. The cost was only a few dollars so in the interests of numismatic research we ‘pulled the trigger’ and a few days later the coin you see in Figure 2 arrived.
It can be seen that there clearly is doubling of the obverse legends. The key question to ask next, is the doubling just strike (or machine) doubling, or is it hub-doubling?

Figure 2: Interesting 1943M Threepence

Figure 2: Interesting 1943M Threepence


Hub Doubled or Strike Doubled?
Hub doubling and strike doubling are quite different things. Strike doubling / machine doubling / mechanical doubling occurs when the die skips and skids across the coin as it is struck. This can be because of poor tolerances in the coin press or because the dies or supporting structure has worked loose during the minting process. Strike doubling is typified by a flat shelf like appearance of the doubling, and the lack of separation of design elements between the two ‘strikes’. This is contrasted with true hub-doubling where doubled elements are formed almost fully and there’s a clear split or notching between the doubled design. This separation is typified by split serifs in lettering, distinct separation of thin parts of the coin design, and notching at the corners devices and legends.
So is our 1943M threepence a true hub-doubled coin? Figures 3a and 3b tell us the story of what is going on. In both images we have taken a microscope image of a portion of the obverse legends and compared it with the same area from a normal 1943M threepence. Figure 3a shows the IVS of GEORGIVS with areas of interest highlighted with red arrows. Note the clear splitting of serifs on all three letters and the clear separation on the right part of the V. Figure 3b shows similar characteristics on the IM of IMP. The serifs of both letters are clearly split, and the left upright of the M is obviously separated.
Figure 3a: Comparison of IVS on doubled (top) and normal (bottom) 1943M 3d

Figure 3a: Comparison of IVS on doubled (top) and normal (bottom) 1943M 3d

Figure 3a: Comparison of IM on doubled (top) and normal (bottom) 1943M 3d

Figure 3a: Comparison of IM on doubled (top) and normal (bottom) 1943M 3d

A Possible New Discovery?
Here we have what is clearly a hub doubled coin. We’ve conducted a search of the literature available to us and have not found record of a hub doubled 1943M threepence. So, it is also possible that what we have is a new variety for those of the “thinking arm” to keep an eye open for!
References
McConnelly, Ian (2010) Renniks Australian Pre-Decimal Coin Varieties, 2nd Edition Banksmeadow: Renniks Publications
McConnelly, Ian (2005) Renniks Australian Pre-Decimal Coin Varieties, 1st Edition Banksmeadow: Renniks Publications
Holland, Paul M. (2006) Australian Pre-decimal Bronze Coinage, The Journal of the Numismatic Association of Australia, Vol 17 pp16-20
Herbert, Alan (2002) Official Price Guide to Mint Errors, 6th Edition New York: Crown Publishing Group

Posted in Error Coins

What is an Australian 1927 Parliament House Florin Coin Worth?

1927 Parliament Florin

1927 Parliament Florin

On Facebook page we recently posted up an image of an Australian 1927 florin with a picture of the building that used to house Australia’s Parliament on the reverse (or tails) side of the coin. Over the next few hours several people commented on the post asking us “hey, what’s that worth?”. So, in response, here’s an entry explaining what an Aussie 1927 Parliament florin coin is worth.

There were 2,000,000 of these florins minted, which in today’s terms isn’t a lot. However, it was Australia’s first commemorative coin (celebrating the opening of Parliament House in Canberra) and because of that it was hoarded by the Australian public. That means that uncirculated Parliament two bob coins (coins that look the same as the day they were minted) are not that hard to find. So, we hear you thinking right now, that’s all very interesting but what are they worth? The answer (as of time of writing in June 2015) is that a Parliament two shilling coin is worth anywhere from ten dollars to several thousand dollars depending on the condition of the coin.

What is a Circulated Parliament Florin Worth?

The first thing to realise is that these coins are made from 11.3 grams of 92.5% pure silver (or sterling silver) and because of that a heavily worn or circulated parliament florin is is still worth the silver it contains. By circulated, we mean the coin was used by the Australian public to actually buy things and it spent time in people’s pockets or purses banging against other coins. Through the magic of our Aussie silver coin calculators we can tell you that the current value of the silver in a 1927 Parliament florin is AUD $29.28. This value is continually updated and accurate and if you add $5 or $10 onto this and that’s what your worn or circulated Parliament florin is worth.

1927 Florin in Extremely Fine (EF) Condition

1927 Florin in Extremely Fine (EF) Condition

What if your florin is better than the run of the mill circulated coin and has some remaining mint lustre, perhaps a bit like the one in the image above? The coin above is a better grade, we’d grade it as Extremely Fine or EF. And it’s value is something between $40 and $50. Collectors are willing to pay more for better grade coins so you can expect your higher grade Parliament florin to be worth more.

What is an Uncirculated Parliament Florin Worth?

If you have a lovely coin that looks just like the day it was made (or even better with some colourful toning) then your coin can be worth $100-$200 or more. That being said, you’d be lucky to get more than $200 for a coin that isn’t graded by a third party grading company like PCGS or NGC. Coins that are graded and put into holders by third party grading companies like PCGS and NGC can get more money. For example in the image below is a coin that grades as “choice uncirculated” and has been graded by a third party grading company as MS64. The value of this coin is around $250.

Parliament Florin PCGS MS64

Parliament Florin PCGS MS64

If you were lucky enough to have a coin that graded as MS65 by PCGS then it would be worth $350 to $500. Get a coin in a PCGS MS66 holder and you’d be looking at $2,000 or more. Note that these values for third party graded coins only really apply to PCGS and NGC graded coins. The values of Parliament florins graded by second tier grading companies (like APCGS or ANACS or PCI) are not as high as these values.

What’s the Current Catalogue Value of 1927 Parliament Florins?

The 2015 edition of Pocket Guide to Australian Coin and Banknotes values the Parliament florin from $5 to $50 for coins graded Very Good to Extremely Fine. Almost uncirculated coins are valued a $100, uncirculated at $175, choice unc at $375 and gem at $575. The author of the catalogue notes that those values are RETAIL values and that you’re extremely unlikely to get them when you’re trying to sell your own coins. These prices have dropped considerably since the 2014 edition of the catalogue, with GEM value dropping by 50%. We still think the prices are a bit high but they are reasonable. Just a note that the VG price is actually UNDER the silver bullion value of the coin and we wouldn’t advocate selling them for $5, but we certainly do advocate buying them for that much!

Disclaimer

Values contained in this article were current at time of writing (June 2015) and were updated in December 2015, and are provided as estimates only. The exact value of any coin is only known when you actually sell it.

Note: Values updates on December 8, 2015.

Posted in Collecting Coins, Investing in Coins Tagged with: ,

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