1937 Crown Reverse1937 Crown ObverseMintage1,008,000Reverse DesignerGeorge Kruger GrayObverse DesignerThomas H. PagetWeight28.28 gramsSize38.5 mmCountryAustraliaDateMM1937DenominationCrownVarietyGeorge VIPrefixMSWeight28.2750001589Size38.5EdgeReededFace CurrencyAUDFace Value0.5Mintage1008000CompositionSilver92.5%0.9250000119Copper7.5%0.075000003Silver0.9250000119Copper0.075000003Bullion Value$16The 1937 Crown was originally intended to commemorate the ascension of King Edward VIII however due to Edward VIII's abdication, it was instead struck to commemorate the ascension of King George VI (Cruzi's Coins, 2009)3WebsiteCruzi's Coins1937 Australian Silver Crown3/16/2009http://www.cruzis-coins.com/florins/37.html1/28/2010 11:00:00 PM and was the only circulation coin produced by Australia that year.
The crown was proposed by the then Federal Treasurer R. G. Casey who pushed hard for its introduction, thus spawning the nick name, "Casey's Cartwheel" (Cruzi's Coins, 2009)3WebsiteCruzi's Coins1937 Australian Silver Crown3/16/2009http://www.cruzis-coins.com/florins/37.html1/28/2010 11:00:00 PM.
A total of 1,008,000 coins were struck, and while the coin was generally not circulated due to its large size and its A coin struck differing from the standard design to commemorate an eventcommemorativecommemorative nature, many did find themselves in circulation leaving the average circulated pieces ranging from XF to AU.
The 1937 crown is readily obtainable in A state of a coin that shows no signs of circulationmint statemint state but as the crown was distributed to banks by ship and rail (Coin Web, 2007)2WebsiteCoin Web1937-1938 Crowns12/5/2007http://www.australianstamp.com/coin-web/history/grading.htm#CrownGrading1/28/2010 11:00:00 PM and due to the large open surfaces, they are frequently found with large Surface marks caused by impact from other coins during the handling process before the coin enters circulationbagmarksbagmarks resulting in an average grade of A state of a coin that shows no signs of circulationmint statemint state pieces ranging from MS62 to MS63. Finding an example free of significant surface marks can be quite a challenge though the coin does occasionally turn up in MS64 but becomes very scarce beyond this.
Strike is also of major consideration when grading the coin as the strikes within both years that the crown was struck vary to a strong degree such as with the A state of a coin that shows no signs of circulationmint statemint state example below seeming worn to the untrained eye:
While strike doesn't have much of an influence on grades up to MS64, where most of A state of a coin that shows no signs of circulationmint statemint state population rests, it certainly does have a influence on price with strong premiums being paid for well struck up examples, particular if they display a fully formed orb.
The Melbourne a facility that produces coinsmintmint also struck 100 A coin struck from specially prepared dies to strike a superior quality coin not intended for circulationproofproof crowns in 1937 - 1937 Proof Crown1525(learn more).
While the series was originally intended as A coin struck differing from the standard design to commemorate an eventcommemorativecommemorative, it continued into 1938 with an additional 101,600 coins losing its A coin struck differing from the standard design to commemorate an eventcommemorativecommemorative appeal - 1938 Crown1528(learn more).