The first One Pound design, dubbed the Adelaide Pound Type I, features a beaded inner circle on the reverse and a crenulated inner circle on the obverse. This hand produced die was imperfect and subsequently cracked presumably after striking the first circulation strike as no circulation strikes without the die crack are known. The die crack occurs through 'D' of 'DWT' from the rim to the inner circle. This design comes with two edge varieties (Deacon, H, 1954) , one with a fine grained edge, the other with a wide grained edge, the latter is the scarcer type though both can be considered rare with an estimated combined total surviving count of about 40-50 pieces.
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