Mintage:80,016 Approximately 50-60 known examples of this type Figure shared with: Narrow Ribbon Mint:Melbourne MintMonarch:VictoriaReverse Designer:J. B. MerlenObverse Designer:William WyonSize:19mmWeight:3.99gEdge:ReededComposition:91.67% Gold 8.33% Copper
The 1877 Melbourne was the last branch mint half sovereign to
come in the wide ribbon design and is one of the scarcer issues in the series. With an initial
of just 80,016, the 1877-M Wide Ribbon was always going to be scarce and when you consider that just 1 in 4 have the
wide ribbon design, the actual
of this type is probably closer to 20,000. The issue was struck in Melbourne as denoted by the M
under the shield.
Melbourne Mint 'M' mintmark directly below the shield and between two rosettes.
The issue can be differentiated from the Narrow ribbon type by the width of the ribbon in Queen Victoria's hair. In addition
the issue is struck in higher relief and there are numerous
minor positioning differences in the design.
Wide Ribbon obverse
Narrow Ribbon obverse
Prior to the Reserve Bank of Australia sale, this issue was extremely scarce with only a handful of coins in private hands,
the sale however brought an additional nine pieces to the market with the finest grading EF selling for over $7000.
. Other than this piece, one finer example sold at the Quartermaster Auction
, and one other example has appeared on the market since the RBA sale which was graded good VF and sold for about
$2000 in 2007. Note that the
figure of 80,016 is combined with the narrow ribbon type.
Find out what dealers are paying with a subscription.