The Half Sovereign Old Head, or Veiled Head, was the fourth half sovereign series to be struck at an Australian mint, with business and
strikes struck at both Sydney and Melbourne from 1893-1901. In 1900, the Old Head series became the first half sovereign series to be struck at the Perth Mint.
, designed by Sir Thomas Brock, depicts a portrait of an older Queen Victoria veiled, crowned and facing left. Sir Thomas Brock's initials,
, are positioned below the portrait's left shoulder. The
VICTORIA DEI GRA BRITT REGINA FID DEF IND IMP.
, designed by Benedetto Pistrucci, shows St. George, helmed and caped, riding a long-tailed horse and slaying a dragon. The ground bears a broken lance on the left, as well as the
('M' for Melbourne, 'S' for Sydney, 'P' for Perth) in the centre. The date is positioned below.
The Old Head offers only one major challenge to date set collectors, the 1893 Melbourne, the second rarest circulation half sovereign with only five known examples, two of which are in the Royal Australian Mint Museum. Other than that, the series is readily available in all grades up to AU with some examples in
or better turning up from time to time. A lot of the dates, particularly in AU, have reduced in value considerably since the Reserve Bank of Australia sale
, which saw an oversupply of such dates reach the market. Despite very few higher grade 1899 and 1900 Melbourne Mint half sovereigns being offered, their prices were brought down by most catalogues indicating they may be somewhat undervalued in the current market.