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Young Head Type III (1873)
The 1873 Melbourne is the third Young Head half sovereign to be struck at an Australian mint and the first to be struck from the Melbourne mint. The design features a slightly larger bust and a more detailed shield. A total of 165,034 half sovereigns were struck during this year though most are of a lower condition averaging at around nearly Fine to Fine. The reverse of this date tends to grade up to a full grade better due to the hard-wearing nature of its intricate design with XF coins tending to have fully lustrous reverses. The date is relatively difficult to acquire with an estimated 800-900 pieces available. The date is available in mint state and one Choice Uncirculated example was sold at the Reserve Bank Sale in 2005 which realized $36,000 plus commission (Downies, 2005).
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