1954 Florin - PCGS MS65

Australia, 1954 Florin -

How do you value something that hardly ever turns up for sale? The coin photographed above is one of only four 1954 florins graded PCGS MS65, and the equal-finest of the date graded by PCGS currently available (6/15). Although, to my knowledge, no 1954 florins in PCGS MS65 have sold in the open market  for several years, a similar coin—a 1951 florin in PCGS MS65—sold in July 2014 through an online auction. That sale is a useful comparison, as the grade profile of the 1951 florin is similar to the 1954 (four in MS65, multiples in lower grade, none finer), and both dates are considered keys of similar scarcity. On the fact that the 1951 florin sold for $6,408, I have priced the 1954 florin, above, at a reasonable $3,250, which by comparison is good value, in my view: It may very well sell for more at auction. Scarce this nice.