1852 Adelaide Pound Type II EF

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1852 Adelaide Pound Type II EF

$29,500.00
Product Code
AF238
Out of stock
A coin born of the 19th century Australian Gold Rush, the 1852 Adelaide Pound Type II is Australia's first gold coin - and one of its most desirable. Your chance to join a select band of collectors, with no more than 200 Adelaide £1 coins thought to exist, we can offer this richly historic Australian rarity in superb Extremely Fine quality.

Struck from November 1852 until February 1853, the 23mm, 8.81g, 22-carat Adelaide £1 was issued by South Australian authorities due to a severe coin shortage in the colony caused by the Gold Rush. Thousands of South Australian men had flocked to the eastern goldfields after the discovery of gold in 1851, taking a huge amount of hard currency with them, and the colony was left starved of labour and on the cusp of financial ruin.

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Authorised by South Australian Governor Sir Henry Young without British assent, this brave, ingenious attempt to produce desperately needed local currency was undermined when the gold price rose. At one point containing gold worth nearly two shillings above face, a vast majority of the mintage of 24,000 was melted down for the intrinsic value. A rare, genuine artefact of the most crucial period of Australian history, it is thought that approximately 200 examples of this Gold Rush coin remain in existence. One of the nation's most sought after rarities, at least tripling in catalogue value in higher grade over the last decade and a half, the one 1852 Adelaide £1 we have in stock is in detailed, lustrous Extremely Fine condition.
More Information
Country of IssueAustralia
Year of Issue1852
DenominationPound
MetalGold
Metal Purity (%)91.67
GradeExtremely Fine
Diameter (mm)23.00
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