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1938 Proof Crown



The proof 1938 crown was prepared as a single commercial proof release along side the other 1938 denominations as part of the proof coin collector program started in 1937. A total of 100 coins were prepared but the relatively high issue price of 6/- made it undesirable, particularly in the post-depression America where most Australian proof coins were sold to. In addition, proof coin pioneer, H. G. Williams did not order the crown with the rest of the proofs perhaps due to his disappointment with the 1937 crown profits (Verheyen, T, V, 2009).

A total of 100 were prepared however dealer correspondence with the Melbourne mint indicated that 18 had been sold and a further 6 were sold to that dealer (Verheyen, T, V, 2009) though information compiled by Sharples indicate that a total of 52 were sold (Sharples, J, 1990), the other 28 most likely at a later date. The low sale rate consequently led to the relative scarcity of the 1938 proof crown to the 1937 proof crown (Learn more about the 1937 Proof Crown).

The 1938 Crown (Learn more about the 1938 Crown) was the last crown produced in Australia as the series was dropped in 1938 due to lack of interest (Cruzi's Coins, 2005).


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Contents
Mintage
Notes about Mintage

  • 52 sold
  • 100
    Reverse Designer
    George Kruger Gray
    Obverse Designer
    Thomas H. Paget
    Size
    38.5 mm
    Composition
    92.50% Silver
    7.50% Copper
    Bullion Value
    $23.77
    1938 George VI Crown
    Reverse

    1938 George VI Crown
    Obverse

    Valuation
    Typical Handled: $50K  
    This valuation represents a typical handled example of the coin. Coins in better condition will command a substantial premium over the listed price. For example, an average 1911 florin is worth around $50, but in choice uncirculated condition is worth about $15,000! To view valuations in higher grades, please click here to subscribe.  

    Glossary
    • commercial proof - A proof coin produced with the intention of being sold to the general public
    • issue price - The price a collector coin is sold to the public at the time of issue
    • mint - a facility that produces coins
    • proof - A coin struck from specially prepared dies to strike a superior quality coin not intended for circulation

    Numismatic Glossary - View the full glossary of numismatic terms.

    References
    • Sharples, J, 1990. 'On Collecting Commonwealth Coins'. Journal of the NAA - Volume 5. pp 17-21
    • Verheyen, T, V, 2009. 'Henry George Williams - A Pioneer in the Commercialization of Australian Pre-decimal Proof Coinage'. The Australasian Coin and Banknote Magazine - Volume 11, Number 11. pp 36-43
    • Cruzi's Coins - Melbourne Mint, 2005 - (http://www.users.bigpond.com/cruzi/Coins/Grading/Melbourne%20Mint.htm) (accessed 28/Jan/2010)

    References - View full bibliography

    Links

    Index