The 1856 Sydney Mint Half Sovereign is the only affordable date of the Type I series with a sizable
mintage
of 478,000. It is readily available in lower grades with a number of AU or better graded pieces surfacing from the India
hoard
(Noble, J, 2016)
and from the Reserve Bank of Australia holdings
(Downies, 2005)
. Due to these hoards of genuinely high grade pieces, the 1856 has not appreciated in value over the past decade
with many present-day realisations of high grade pieces inline with their counterparts from the Reserve Bank sale
(Downies, 2005)
. It is nonetheless in high demand, particularly from
type set
collectors who have no real affordable alternative for the Type I Sydney Mint.
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