One of the rarest and most beautiful Australian coins ever produced is the coin in picture below:
The coin came about to celebrate the centenary of city of Melbourne. The planned mintage of the coin was 75,000 which were minted were planned for coin collectors and expected to be very popular. They planned to sell them at 3 shillings (while a florin = 2 shillings)planning to use the proceeds for celebration of the centenary.
Due to this many people thought its a ripoff and waited for the coin to be sold for whats its value was. Only 10k of the coins ended up selling by 1935. Just before the coin sale ended a department store bought 30k to distribute to its customers when it opened anew store. The plan was to send the remaining coins back to the mint and hence to be remelted.
Some 6k of the coins ended up being sold for 2 shilling in Perth right after the sale ended.
In the end only some ~53k of these coins ended up being sold in the end and the rest got melted down.
Coin is made from 925/1000 silver with a mass of 11.31g.
Approximate worth of the coin due to its rarity is anywhere from AUD$200( in bad condition) to almost AUD$2k (uncirculated condition or like in picture above with the original envelope that the department store placed the coin in. Most of the coins however sell close to AUD$400.
Source of pictures: www.ebay.com.au
www.wiki.australian-coins.net
@irfo1 Upvote, Resteem and Follow
I love silver and coins. I had a nice collection but they vanished from my family home while I was living overseas. One day I will start my collection again.
dont store at home mate, even with a good safe probably still bad idea
Bro you have 1 of this in your collection? Looks like a nice coin to have and keep. Upvoted for you 😊
I wish , but its on my radar
Heyy really nice post:) It was verry useful.Please check my little journey that I made soon. I hope you enjoy my photos. @nakedchef89
https://steemit.com/history/@nakedchef89/what-is-the-oldest-civilization-on-earth
will do
Yeah got a few
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thanks for the info, didn't know about this one cheers.