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Australia Gold Rush

1995 Proof Five Dollar reverse 1995 Proof Five Dollar obverse

1995 Proof Five Dollar

Mintage:14,000
Reverse Designer:Wojciech Pietranik Obverse Designer:Raphael Maklouf Size:39mm Weight:35.79g Edge:Reeded Composition:92.5% Silver
7.5% Copper

Values

Sales History

This $5 silver proof coin commemorates the contributions of The Gold Rush era, for its role in the development of the country as an effective and successful colony. This coin is just one out of a five piece set of five dollar coins, each struck in sterling silver and each of which commemorates a person, place or event that played an invaluable role in turning the continent of Australia from the penal settlement it once was into the thriving nation it is today. On first arrival the Australian terrain provided a harsh and somewhat hostile environment in which to survive, but thanks to these early efforts in pioneering the country was able to celebrate industry, communications, transport and economy. All of these things helped to improve the quality of life that could be sustained by the people. Joining The Gold Rush being commemorated in this culturally significant silver coin set are Colonel William Light, Elizabeth McArthur, Cobb & Co and Charles Todd. The set, released in 1995 is one from the Masterpieces in Silver collection and is named 'Colonial Australia.'

The reverse of the coin, designed by Wojciech Pietranik bears the image of typical workers from the Gold Rush era as well as the equipment and tools that they would have depended on during this important period of time. The legend on this side of the coin reads THE GOLD RUSH ERA. Also featured on the reverse is the legend 5 DOLLARS. The obverse features the traditional Maklouf portrait of Queen Elizabeth II and is surrounded by the legend ELIZABETH II AUSTRALIA 1995. This coin along with the remaining four to complete the set was originally packaged in a simple black box stamped on the outside of the lid with the text 1995 MASTERPIECES IN SILVER and the inner side with ROYAL AUSTRALIAN MINT. The original collection of which there was a limited mintage of 20,000 came with a certificate of authenticity.

Card Included in the 1995 Colonial Australia Collection Card Included in the 1995 Colonial Australia Collection

The Gold Rush Era was an important period of time for the development of Australia as a nation as it increased the population by some huge margins. The first gold rush in Australia occurred in 1951 and was triggered by news of similar activities occurring in California. The presence of gold deposits in and around New South Wales had been discovered previously but it was only the interest of Gold Prospectors suddenly focusing on the United States that made government officialsrealisethat the effects of gold finds in Australia could in fact promote the economy rather thandestabiliseit. This was a notion that turned out to be exceptionally true as the discovery of payable gold by prospector Edward Hargreaves, came the first gold rush. Further gold rushes followed and over the next decade the population more than doubled reaching well over 1 million. (Wikipedia, 2013)

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