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1931-M Proof Full Sovereign

George V Small Head

Australia

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 an 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 of the wear done to these sovereigns were excessive bagmarks from the rough and prolonged bagging procedures by the European banks. Although 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.

a facility that produces coinsSurface marks caused by impact from other coins during the handling process before the coin enters circulation
Values are in AUD and are retail price estimations based on past sales of coins certified by PCGS or NGC and as such values only related to such graded coins. Uncertified coins or coins graded by other services would likely be worth significantly less. For wholesale pricing please refer to the Red Sheet. While all attempts to ensure accurate pricing, data entry errors can occur and as such no warranty is expressed or implied as to the accuracy of any information published on this website. It is important to verify all published sales to ensure the accuracy of the pricing when making any purchase decision. Any personal information provided to us is protected by the Privacy Act 1988.