1929 Melbourne Sovereign - PCGS AU55

Australia, 1929 Melbourne Sovereign -

A great example of this rare date. The 1929M Sovereign is the rarest small head sovereign and the most difficult to get in any grade (including circulated grades). PCGS has graded only 17 of these rarities, and only six of those have graded Mint State (1/13). The specimen photographed above is graded AU55 with PCGS, so is not a superior or high-grade example. On the upside, however, the coin is not expensive. You can spend over $10,000 for an MS63, or you can spend $2,750 for the example above—and perhaps upgrade later. Catalogues $4,100 in Extremely Fine and $5,200 in about Uncirculated in the 2013 edition of the Greg McDonald. Spink has it at £2,150 in Extremely Fine.