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1918-P Half Sovereign



The 1918 Perth mint half sovereign is the scarcest George V issue and one of the scarcest Australian mint half sovereigns struck. Royal mint reports for the Perth mint in 1918 state that no half sovereigns were struck in 1918 however it does note that £7,327 of gold bullion was issued that year. It is possible that this refers to the 1918 mintage. That would indicate that 14,654 half sovereigns were issued which would be consistent with the approximate survival rates of the era.

Perth Mint reports from subsequent years state that 56,786 and 53,208 half sovereigns were struck in 1919 and 1920 respectively. Many references seem to imply that these were struck using 1918 dies but dies were certainly prepared bearing the dates 1919 and 1920. A total mintage figure of 109,994 would be inconsistent with the typical survival rates of the era given that an estimated 250 to 300 1918-P pieces remain.

The Royal Mint report however, does note that the gold bullion produced in 1918 was exported - this would seem to support the theory that the gold bullion produced in 1918 were in fact half sovereigns as all 1918 Perth mint examples originated from India. This is further verified by the complete absence of 1918 half sovereigns in the Reserve Bank of Australia holdings (Downies, 2005), built up from 1929 to 1971 indicating that the half sovereigns were not circulated in Australia. It is most likely that the half sovereigns produced in 1919 and 1920 were in fact dated 1915.

The 1918-P is typically quite poorly struck up limiting the grading to the MS64 level usually exhibiting a central strike weakness similar to 1915 Perth mint (Learn more about the 1915-P Half Sovereign) issues. The illustration below depicts the soft centre of a typically poorly struck up 1918 Perth mint half sovereign.

Soft central strike of a 1918 Perth Half Sovereign
Soft central strike of a 1918 Perth Half Sovereign

The 1918 half sovereign is without a doubt one of the most difficult half sovereigns to acquire in any grade and despite the minimal circulation experienced by the year, it is still nevertheless very difficult to acquire in mint state with much of the mintage being mounted in jewelry or otherwise destroyed.

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Contents
Mintage
200-300 known
Reverse Designer
Benedetto Pistrucci
Obverse Designer
Sir E. B. MacKennel
AGW
0.1177 oz
Size
19 mm
Composition
91.67% Gold
8.33% Copper
Bullion Value
$179.45
1918-P George V Half Sovereign
Reverse

1918-P George V Half Sovereign
Obverse

Valuation
Typical Handled: $3200  
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
  • central strike weakness - A weak strike around the centre of the design caused by a lack of concavity in the dies relative to strike pressure.
  • die - A cylindrical punch with an inverted impression of a coin's design used to strike the coin
  • mint - a facility that produces coins
  • mint state - A state of a coin that shows no signs of circulation
  • mintage - The number of coins struck of a particular designation

Numismatic Glossary - View the full glossary of numismatic terms.

References
  • Downies, 2005. 'Australian Half Sovereigns'. The Auction of the Gold Coins of the Reserve Bank of Australia. pp 78

References - View full bibliography

Links

Index