1902 Perth Sovereign - PCGS MS62

Australia, 1902 Perth Sovereign -

A lot of collectors would say that all Edward VII sovereigns are common and available. Collectors who specialise in the series, however, know that some dates are harder than others. The coin photographed above, the 1902-P sovereign, is not just a hard date: It is the key date of the series. This fact is not widely known. When collectors think of key date Perth sovereigns, they inevitably think of the 1899-P and 1926-P. While these dates are no doubt scarce, the 1902-P, is in my view, even harder than either of those more popular dates. Just look at my sales history: Since November 2011, I have listed on the website thirteen 1899-P sovereigns (including the PCGS MS64 example), eleven 1926-P sovereigns, but only four 1902-P sovereigns. Because the 1899-P and 1926-P all trade for $2,500+ in MS62, the 1902-P sovereign looks cheap at $1,950. In my view, there is clear upside here.