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Australia, 1919 Sydney Sovereign -
Although price guides and coin catalogues give a higher “book price” to the 1919-M sovereign than the 1919-S sovereign, the PCGS population report makes it clear that the two coins are equally as rare and should be priced accordingly. As this is not yet the case, there is an opportunity for the intelligent collector to take advantage of this mispricing to pick up a scarce-date sovereign for the price of a common-date sovereign. From a numismatic perspective, the 1919-S sovereign is generally well-struck (as most Sydney sovereigns are), with good detailing to St George and the Dragon. Some examples exhibit light die polishing on both ‘verses, but this does not impair the coin’s appearance. Most collector are satisfied obtaining an example in PCGS MS63, while the more discerning connoisseur may seek to acquire a coin in MS64, which is the highest grade at which this date is currently available in a PCGS holder (7/20). There are just five pieces in this grade, including the example photographed above, and all should be considered rare.
Grades PCGS MS64.Product ID: 1919S39394631