1870 Australian Gold Sovereign Coin - Sydney Mint
This is the very collectable 'Australia' Reverse Sydney Mint Sovereign minted in 1870. Struck from 22 carat gold, the coin has a gold content of 0.2354 troy ounces. This coin comes in its own protective case and presentation box
There was a mintage of 1,220,000 of the Sydney mint sovereign of this year.
This is not listed in Spink but has Marsh reference number 375.
Until 1855, The Royal Mint was the sole producer of legal tender coins for Great Britain and the vast British Empire. Gold was discovered in New South Wales, Australia in 1851. As the gold was being mined in Australia, it was more cost effective to produce sovereigns in Sydney rather than transporting the gold to London to strike sovereigns and then ship them back to Australia.
The Royal Mint opened its first colonial branch, a branch mint in Sydney, Australia in 1855. At this time, the sovereign was a circulation coin with a nominal value of one pound, these British legal tender coins were used all over the British Empire. The Royal Mint went onto open two more branch mints in Australia, the Perth mint and the Melbourne mint. These three Australian branch mints struck more than 400 million sovereigns between 1855 and 1931.
A young Queen Victoria with a wreath of the native plant Banksia around her head by Leonard Charles Wyon.
Also designed by Leonard Charles Wyon, the reverse features the word 'AUSTRALIA' appears across the middle of the reverse with a crown above surrounded by a wreath of Banksia. 'SYDNEY MINT' appears above the crown and 'ONE SOVEREIGN' under the ribbon.
This was the first time in the history of the Empire that the denomination appeared on the reverse of any coin.
|Weight / Size||Full|
|Gold Weight Troy Ounces||0.235|
|Silver Weight Troy Ounces||0|
|Fineness / Carat||0.917 / 22|
|Obverse Designer||Leonard Charles Wyon|
|Reverse Designer||Leonard Charles Wyon|
|Issuing Monarch||Victoria (1837-1901)|
|Mint / Brand||Sydney Mint|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
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