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1931-P Matte Finish Full Sovereign



The final run of sovereigns minted at Australian mints were struck from 1929 to 1931 at the Melbourne and Perth mints, the Sydney mint had already closed in 1926. This type is distinguished by a smaller bust and a even, thick rim. Each mint struck sovereigns in each year however the Melbourne mint sovereigns tended to be struck in small quantities. Still, as sovereigns had already ceased to be used in general circulation, they tend to be in upper grades and often in mint state. As sovereigns were generally used as a means of trade and wealth storage by European banks, by this period, most the wear done to these sovereigns were by the excessive bagmarks from the rough and prolonged bagging procedures by the European banks, though this tends not to preclude mint state gradings, it does preclude the higher mint state gradings leaving the average grade of MS62 and MS63 for the Melbourne and Perth mint issues respectively.

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Contents
Mintage
Notes about Mintage

1,173,568
Reverse Designer
Benedetto Pistrucci
Obverse Designer
Sir E. B. MacKennel
AGW
0.2354 oz
Size
21.5 mm
Composition
91.67% Gold
8.33% Copper
Bullion Value
$380.54
Image
Reverse

Image
Obverse

Valuation
Typical Handled: $420  
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
  • bagmarks - Surface marks caused by impact from other coins during the handling process before the coin enters circulation
  • mint - a facility that produces coins
  • mint state - A state of a coin that shows no signs of circulation

Numismatic Glossary - View the full glossary of numismatic terms.

Index