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Australia, 1892 Melbourne Sovereign -
McD 185. It’s not often that I see a Jubilee head sovereign and think “Wow!”. That was what went through my mind when I saw this piece. As most sovereign collectors know, the Jubilee head series is notorious for its baggy sovereigns, so when I saw the coin photographed above, graded PCGS MS63+, I thought to myself that it had to be one of the nicest Jubilee head sovereigns I’d seen in the last five years—and certainly the best 1892-M sovereign I’ve seen ever. Both the 1889-M and 1892-M are the worst offenders when it comes to bag marks, with the top grade in both years being MS62 (excluding this coin for sale here). The Jubilee head series as a whole has an average grade of only 61.82 (calculated on 2nd June 2013), so the coin on offer here is vastly above average. Single-finest graded by PCGS, this coin would rate as “Gem UNC” under the Australian grading system, and is worthy of a strong premium to your typical 1892-M sovereign. I doubt you’ll find better. RARE this nice.
Grades PCGS MS63+.Product ID: 1892M27357089
Discovered in 2001 by sovereign speciali...