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Australia Sydney Wreathed Bust

1858  Half Sovereign reverse 1858  Half Sovereign obverse

1858 Half Sovereign

Mintage:483,000
Figure shared with:
SOVRR
REG as RFG
Mint:Sydney Mint Monarch:Victoria Reverse Designer:L. C. Lyon Obverse Designer:L. C. Lyon Size:19mm Weight:3.99g Edge:Reeded Composition:91.67% Gold
8.33% Silver

Values

Sales History

The 1858 is the easiest date in the series to acquire in any grade with a small batch of high grade examples surfacing in India in the mid-70s. It is however by no means common with a mintage of 483,000. While low in comparison with most Australian coins, this was quite high for a circulation coin of the era and the Royal mint branch in Sydney needed to take extra initiatives to extend the working life of their dies . One such technique commonly employed by Sydney during this period was the repunching individual letters into the dies as letters began to wear away. This gave rise to a number of varieties in which the incorrect letter was punched into the dies.

R punched over the E in SOVEREIGN R punched over the E in SOVEREIGN

With the India hoard offering coins around the mid-AU level, values for the piece rise dramatically beyond this with an example in 2007 selling for AU$93,200 (Noble, J, 2007) . Sales at this level however are very infrequent with only one example slabbed in mint state thus far (PCGS, 2017) .

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