Decimal Error Coins in Downies Auction 319

Downies held auction #319 last week (27-28 May 2015) and it included a number of interesting error coins that we though we’d share with you here. Note that realised prices are net of buyers commission of 19.25%.

1971 10c Struck on Bronze 2c Planchet (Image courtesy Downies Australian Coin Auctions)

1971 10c Struck on Bronze 2c Planchet (Image courtesy Downies Australian Coin Auctions)

First up is a 1971 10 cent struck on a bronze 2c planchet. Wrong planchet errors are among the most desirable decimal errors, but this one being the wrong planchet and off metal makes even more drool-worthy. Graded by Downies as gEF and with much remaining mint red (albeit with fingerprints) the coin realised $2500 (plus commission) on an estimate of $1,250.

1995 10c Struck on 5c Planchet (Image courtesy Downies Australian Coin Auctions

1995 10c Struck on 5c Planchet (Image courtesy Downies Australian Coin Auctions)

The second coin we’re looking at is a 1995 10 cent struck on a 5 cent planchet. We’ve seen a few 10c on 5c planchets before but this is the first one we can recall with the Maklouf portrait of QE2, the others we’ve seen are earlier dates with the Machin portrait. The coin was described as virtually UNC, estimated at $1,500 and realised $2000.

Machin Portrait 20c Reverse Brockage (Image courtesy Downies Australian Coin Auctions)

Machin Portrait 20c Reverse Brockage (Image courtesy Downies Australian Coin Auctions)

Next up is an interesting 20 cent. Described by the catalogue as:

Twenty Cents undated Machin portrait (11.36gms) the reverse partially struck outside collar resulting in missing milling and raised lip, the obverse with foreign material obstruction causing the virtual disappearance of the obverse portrait and no legend, aUnc or better with very little wear and most interesting.

It’s almost certainly a late state brockage and the partial collar strike further supports this. The blank was unable to engage fully with the collar due to the die cap. It was estimated at $1,500 and fetched $2,600. An interesting error, brockages of any decimal coins are rare indeed.

1970 Captain Cook 50c Reverse Brockage  (Image courtesy Downies Australian Coin Auctions)

1970 Captain Cook 50c Reverse Brockage (Image courtesy Downies Australian Coin Auctions)

Last coin we’ll look at is another brockage. This one far more spectacular. A full, early state reverse brockage of a 1970 Captain Cook 50 cent. It’s fully struck up but with some unfortunate scrape marks, probably made by press operators removing it with a tool because it jammed the coin press. Graded as AU it’s a spectacular and truly rare error. It was estimated at $3,500 and ended up selling for $6,200 (plus commission). That might seem like a high price but it’s probably going to appear something of a bargain in 10 or 20 years time.

There you have it, four interesting decimal errors that sold recently, giving an indication of the current strength in the decimal error market.

Posted in Coin News, Error Coins

John Reid & Sons Tanners, Leather & Bark Merchants Adelaide South Australia Medal

leather-reid-medal

Click image to enlarge

It’s been fascinating researching into the history of this medal created by the biggest Adelaide tanner, leather, and bark merchant from around the turn of the 20th century. John Reid, an enterprising Scotsman founded the business in 1873 after being a partner in Reid Brothers tanners, Hindmarsh, he died in 1888. His son J. M. Reid (born 20/11/1858) was well known in the Adelaide business community, being held in great esteem within the city in the early 1900’s. J M Reid was the president of the Chamber of Manufactures (1906) and later the president of the Tanners association (1918). As published in Adelaide’s “The Register” Tuesday 21 August 1906:

THE VICTORIA TANNERY,
A FLOURISHING INDUSTRY.

Possibly few of the manufactories of South Australia equal in importance the extensive tanning works of John Reid and Sons, Limited, associated as they are with four large bark grinding plants at Hindmarsh, Mount Torrens, Echunga, and Second Valley. The Hindmarsh establishment was selected for this week’s viceregal visit, and on Monday a large party, including His Excellency Sir George Le Hunte, the Premier, the Captains of the Challenger and the Psyche, members of the committee of the Chamber of Manufactures, legislators, and others, spent a most profitable couple of hours following out the various processes.

The tanning industry is of great importance to Australia, as every pastoralist,stock owner, or trapper, every butcher and dealer in live stock, benefits either directly or indirectly. And not only the Commonwealth, reaps the benefit, but the industry has a far-reaching and almost world-wide influence, as in the present instance, business is done with all parts of the Commonwealth.

The Hindmarsh tannery site, situated approximately where the Adelaide Entertainment Centre now resides is where the idea for the above medal was born. The Adelaide Advertiser newspaper dated Monday 23rd March 1908 sums up the story behind the striking of the special medal in leather and a picnic held about 20 kilometers south-east of the city.

That there exists a good feeling between Messrs John Reid & Sons and their employees, who total about 200, was apparent on Saturday, when the employees, at the Victoria Tannery and Bark Mills, Hindmarsh, and those at the firm’s warehouse, Adelaide, combined in holding a picnic at Long Gully. Mr. J.M Reid, head of the firm, with his wife and two daughters, will leave on Friday for Europe and America on an extended tour, and it was in a great measure to do Mr. Reid honor that the picnic was held. When it became known that Mr. Reid intended visiting Europe and America, a strong committee of the employees was formed, and they soon decided on what appeared the best way to show their appreciation of him in a tangible way, and at the same time do something for the enjoyment of all their fellow workmen, their wives, and children.

A medal of sole leather was struck for the occasion, and on the breast of each committeeman and official one was fastened neatly with a piece of pink ribbon. It bore the inscription -“Presented by John Reid and Sons, tanners, leather and bark merchants, Adelaide, South Australia,” and on the obverse was a stamped impression of the Victoria Tannery.

Over 350 men, women and children were conveyed to the hills and back in fourteen five-horse drags. At half-past 8 o’clock a move was made from Adelaide, headed by the City Volunteer Brass Band in a special drag, to join a contingent of four other drags, in which were about 50 guests, consisting of leading business people and their wives.On arriving at the destination a good programme of sports was entered upon. The chief event was the Victoria Tannery Handicap and in the final A. A. Miller, who started 11 yards behind his nearest competitor, breasted the tape first. Amongst the visitors were the Mayor of Adelaide (Mr. F. Johnson) and the Mayor and Mayoress of Hindmarsh (Mr. and Mrs. W. H. Dring).

This medal, struck on sole leather in two pieces and glued together, was produced at the Reid Tannery has been touted as an advertising piece but after more than 100 years it’s clear from the newspaper article it was originally intended as an employee keepsake. Later, an archived lot in Noble Numismatics auction (Sale 66, lot 4003 March 2001) describes a medal as “JOHN REID & SONS LD. TANNERS, LEATHER & BARK MERCHANTS ADELAIDE S.A. Est. 1873 Inscribed on edge Won by Mr George Page. At Myponga show 17th April 1918 Silver 50mm” which confirms the existence of the same design struck as a prize medal as catalogued and (similar) pictured in Carlisle 1873/5. Here it is listed as being struck by Stokes & Martin who, according the Carlisle, traveled to various exhibitions and shows striking medals on site. A similarly comprehensively researched article by Peter Lane and published in the Numismatic Association of Australia Journal Volume 23 suggests the medal was struck by the leading South Australian medal maker of that time, S. Schlank & Co Ltd who likely struck the leather version.

The John Reid & Sons Ltd Medal Die

The John Reid & Sons Ltd Medal Die

Since writing this article we’ve found some examples of both medals and these are presented in this article with thanks to their owner. The silver medal seen below was presented to A D Kerber in 1912, weighs 55.67 grams and is 50 mm.

Silver Medal Presented in 1912

Silver Medal Presented in 1912

Edge Inscribed

Edge Inscribed

Posted in Medals

1989 5 Cent Error Struck on Wrong 1 Cent Planchet

1989 5 cent struck on a 1 cent blank

1989 5 cent struck on a 1 cent blank

The above coin is a very spectacular error for a few reasons. It’s coppery red lustre is not what you expect to see with the 5 cent echidna design by Stuart Devlin. The Australian 5 cent piece should be struck on a cupro-nickel blank with a silvery look. This planchet is what you’d see of our now obsolete Feather-Tailed glider and Frilled-Lizard 1 cent and 2 cent pieces. This coppery red appearance is what immediately gives this off-metal coin error it’s eye appeal.

Looking closer, the coin is weakly struck around the rim and shows fishtailing of the lettering “ELIZABETH II” on the obverse. This indicates that the planchet is smaller than what was intended for a 5 cent piece. This is confirmed looking at the specifications of the 1 cent in comparison to the 5 cent. The 1 cent weighs 2.59 grams and is 17.53 millimeters and the 5 cent 2.83 grams and 19.41 millimeters. This coin is exactly as you’d see an underweight planchet struck with a wider diameter than was intended for that weight blank.

This error coin is graded as a mint error by PCGS as MS64RD and is noted on the holder that it is an Australian 1989 5c struck on 1c bronze planchet. It’s a high grade red choice uncirculated coin and was most certainly pulled out of a mint roll and has never made it into circulation. It certainly would stand out in a crowd!

Mint Error PCGS Slab

Mint Error PCGS Slab

Stepping back in time to February 1990, the Australian Coin Review magazine reported on these exact error coins and pictured on the front cover a coin of surprising similarity to the one imaged above. We had to look very close to determine that it wasn’t in fact the EXACT coin pictured. In the article coin expert Dion Skinner suggested that there could be as many as 35 or more examples of the 1989 wrong planchet error. One such example was being examined by the Royal Australian Mint in their laboratory checking the composition and weight as well as the die and any peculiarities of the strike. RAM spokesman Mr Ron Conyers said they were initially reluctant to confirm the coin was a product of the Mint but on first sight it appeared to be consistent with a five cent coin having been struck on a one cent blank. The Mint had to rule out a few things first including that someone had just copper-plated a few 5 cent pieces. It was also possible that the coins were forgeries and this needed to be investigated.

Speculation by the author of the ACR article, from the sheer number of identical errors made, was that at the end of a production run of one cent pieces a number of blanks were left in the hopper feeding the press and were overlooked when the next run (of say) 5 cent pieces started. These coins however should have been picked up by quality control.

Nonetheless we’re glad this one escaped, genuine Australian error coins in high grade are hard to come by and command a huge premium over their face value.

Australian Coin Review February 1990

Australian Coin Review February 1990

Posted in Error Coins

2015 Pocket Guide to Australian Coins and Banknotes by Greg McDonald 22nd Edition

If you have been wondering where the 2015 (22nd) edition of the Pocket Guide to Australian Coins and Banknotes by Greg McDonald is then you’ll be relieved to hear that news is at hand. Usually a new Aussie coin catalogue is published every year and is generally found in your Christmas stocking being distributed early December just in time for Santa. After 18 months and unforseen illness the new coin book is at the printers and is expected to be

IN STORES June 10th 15th* July 1 JULY 10-15 Early August

So talk to your dealer about securing your copy, it’s advertised as having a lot of positive improvements on last years 21st edition.

*edit 3/6 the proposed date has met with yet another delay.
*edit 22/6 a further delay sees the estimated date now July 1st.
*edit 28/6 keeping collectors updated the new revised date as advised by the author is now July 10-15.
*edit 29/7 latest communication is the book is leaving the printers tomorrow for deliveries around Australia. Sydney by the end of the week, other states next week,

Posted in Coin News

1990 75th Anniversary Five Dollar Coin Gallipoli Veteran Presentation Set

The 1990 ANZAC Coin Gallipoli Veteran Presentation Coins

The 1990 ANZAC Coin Gallipoli Veteran Presentation Coins

1990 was the 75th anniversary of the ANZAC landings at Gallipoli in Turkey. The Royal Australian Mint released an aluminium bronze five dollar coin to commemorate the event, minting just over a million in uncirculated condition that were packaged with information cards in PVC holders. 40,000 were struck to proof standards and released in a two coin set with a $5 coin released by the Reserve Bank of New Zealand. A further 3,061 coins were also struck as proofs and packaged with the New Zealand coin and presented to the 3,061 surviving Australian veterans of the Gallipoli campaign. You can see presentation box containing the coins above along with a card titled “In Recognition” that when opened includes a short passage that gives Australia’s thanks for the veteran’s service to the country.

The Closed Presentation Box

The Closed Presentation Box

The inside of the lid of the box is white satin with the words in gold “THE ANZAC 75TH ANNIVERSARY. 25TH APRIL, 1990” and the logos of the Royal Australian Mint and the Reserve Bank of New Zealand. Above you can see the closed leatherette box that is a light beige embossed in gold with the gold sunrise emblem of the Australian Commonwealth Military Forces and the fern leaf of the forces of New Zealand.

The Letter to a Gallipoli veteran from Bob Hawke

The Letter to a Gallipoli veteran from Bob Hawke

Included in the package is a printed letter to the veteran from the Australian Prime Minister of the time, Robert (Bob) Hawke. The opening paragraph of the letter reads:

Dear World War 1 Veteran

On behalf of all Australians I extend the warmest of greetings to you and all members of the Australian Imperial Force, the ANZACs, on this the seventy fifth anniversary of the landing at Gallipoli

The full letter can be seen in the image above, while the envelope that contained it can be seen below.

The Envelope

The Envelope

Posted in Collectables and Ephemera, Collecting Coins

14 Coin News Corp 20 Cent Collection ANZACS Remembered 100 Years and Bonus Poppy Dollar Coin

Anzacs Remembered 20 cent collection

Some coins from the 14 Coin ANZACS Remembered 20 cent Set

News Corp Australia in conjunction with the Royal Australian Mint have released a 14 coin set commemorating 100 years of ANZAC, keeping the ANZAC stories alive. The official coin collection was available in the complete set to subscribers with a special exclusive extra coin (more on this later) and individual coins were available every day of the promotion with the purchase of a News Corp paper. News Corps national network of newspapers include The Daily Telegraph, Herald Sun, The Courier-Mail and The Advertiser in Adelaide.

The first coin in the set, WWI 1914-1918, came free (using the token) with the purchase of a newspaper on Saturday 11th April. With this, collectors received a free collectors album to house the coin collection. AFL matches played that weekend used this first coin in their coin toss! The remaining 13 coins were released each day until April 24 at a cost of $3 per coin.

As a fundraising appeal for Legacy The Westpac Group donated $500,000 and as such were associated with this release raising awareness, sharing stories and keeping the ANZAC stories alive, which is the essence of this campaign. The implication was that part of the $3 coin cost would be donated to Legacy but this is not correct.

The bonus coin mentioned earlier is the 2015 1 dollar coin with a red poppy printed in the centre of the design and is named ‘War Heroes’, the 15th coin completing the set but was initially only available to those with newspaper subscriptions. Hence, a lot of people joined up and a freshly printed newspaper flew into our front yard early this morning. I’d imagine a lot of newspaper subscriptions will be cancelled in the coming weeks. It’s also come to light that there has been a dealer allocation of these coins. This coin is the most sought in the set.

The Red Poppy Dollar Coin  and Information Card

The Red Poppy Dollar Coin and Information Card

A complete list of the 20 cent coins issued is below. Because of the way these were issued it’s very likely some of these coins will find their way into circulation although they have been intended solely for the collector market (NCLT). Examples of the first coin WWI 1914-1918 (which was free to everyone who bought that issue of the newspaper) have already turned up in change.

WWI 1914-1918
WWI Mateship
WWI Light Horsemen
WWI Home front
WWI Royal Australian Navy
WWI Remembrance Day
WWI Nurses
WWI Wartime Animals
WWI The Last Post
WWI War Correspondents
WWI Australian Flying Corps
WWI Australian Imperial Force
WWI The Unknown Soldier
WWI Gallipoli Landing

ANZACS Remembered Official Coin Collection Folder

ANZACS Remembered Official Coin Collection Folder

Posted in Coin News, Collecting Coins

2015 Royal Baby Girl 50 cent

Oh boy, I mean girl there’s a lot of it going around. I thought of titling this article “We had a coin for the heir, now one for the spare” but my partner suggested “Spare Change”. Whatever we name it, it’s all with pride that we congratulate Prince William and Princess Kate on the birth of their daughter, Princess what’s-her-name. I’m sure they’ll make that announcement shortly, once the Queen has been introduced to the tiny new heir, fourth in line to the throne.

edit: 5/5/15 The name has been announced, we welcome Princess Charlotte Elizabeth Diana.

The 8lb 3 oz sister to Prince George arrived on Saturday 2/5/2015 and the new baby is being welcomed with a new commemorative 50 cent from the Royal Australian Mint. Fifty cent collectors if you felt left out with all the ANZAC 20c released of late then here’s your chance to add another coin to the collection, a second Royal baby coin after the birth of Baby George in 2013. The coin design (seen below) is being struck in cupro-nickel with a capped mintage of 50,000 coins and in silver proof and will soon be available from the Mint.

2015 Royal Baby Girl 50c (image courtesy www.ramint.gov.au)

2015 Royal Baby Girl 50c (image courtesy www.ramint.gov.au)

Posted in Coin News, Collecting Coins

Why is HH on my Two Dollar Coin?

$2 Coin with HH on Aboriginal Portrait

$2 Coin with HH on Aboriginal Portrait

If you’re new to coin collecting or noodling your change then you might notice that some $2 coins have the letters HH struck into the lower chest of the portrait of the aboriginal man on the tails side of the coin. See the image above. These two capital H’s represent the initials of Horst Hahne, the Royal Australian Mint chief engraver at the time that the two dollar coin was introduced in 1988. He sculpted the aboriginal portrait on the reverse of the coin (you can read more about who the portrait depicts here) and the HH initials commemorate this fact. Unfortunately his initials only appeared on the coin for two years (1988 and 1989) at which time they disappeared.

So what’s your 1988 or 1989 $2 coin with HH on it worth? Sadly, two dollars only. There were just under 200 million $2 coins minted with HH on them. Sorry if you came here thinking you’d struck it rich.

Posted in Collecting Coins

2015 Lest We Forget ANZAC Red Coloured Commemorative $2 Coin Release

2015 Lest We Forget 2 Dollar (image courtesy www.ramint.gov.au)

2015 Lest We Forget 2 Dollar (image courtesy www.ramint.gov.au)


A fourth commemorative $2 coin design is official! We alluded this may be the case in our article earlier this month and it has been confirmed by Parliamentary Secretary to the Treasurer Kelly O’Dwyer. 1.5 million of the new red coins are to hit circulation from Monday with the design to be unveiled on Sunday at a special ANZAC march at Malvern Gardens in Melbourne.

The design is to commemorate ANZAC with the centenary just around the corner on April 25th. Although a military theme we won’t see another red poppy, this time red circular stripes will colour the coin. The reverse also depicting 5 crosses and poppy flowers and the words “Lest We Forget”.

The coloured commemorative $2 coins have proved extremely popular with collectors in the last few years. The excitement in the lead up to this release is showing in the chit chat of coin collector circles, we are very keen to see this new coin design.

Posted in Coin News

Wedding Set Condition -Specimen or Off The Production Presses?

Wedding coins sets have been produced by the Royal Australian Mint since 2002 and are known for their top quality finish. From 2002 until 2009 they were advertised as being struck in gem uncirculated with some equating this as a specimen finish. From 2010 this was changed to proof finish. The quality of a coin has always has different perceptions by whomever the grader of the coin but for these types of coins we’re not talking about a bagmark, tone spot, scuff mark or wear reducing a coin form Uncirculated to Extremely Fine, we’re talking about the method of manufacture of these coins and what name that is given.

Discussion is rife because up until this point one of the big US grading companies PCGS has labelled these Wedding Set coins as normal circulation quality, albeit giving them the top numbers of MS67, MS68, MS69 or MS70, something not usually possible for standard coins from the production presses. Their brilliance and seemingly perfect strike played them to be something special but this hasn’t been recognised by the TPG. Collectors have insisted they should be given the specimen prefix of SP by the third party grader to identify that the wedding set coins are of superior quality.

Now some input by the production developer at the Royal Australian Mint in Canberra has shed more light on the process of producing the Wedding Set coins in what they have termed gem uncirculated finish. This is what Mr Dion Buck had to say:

Our term for the wedding set finish up until 2009 (i think that was when it finished as gem and went to proof in 2010) was Gem Uncirculated. Other parties may refer to this finish as specimen, this term is subject to a little variance in meaning across the industry but is mostly approriate i guess, but I’ll explain the nature of our term Gem Uncirculated.

The dies for these coins were polished to the same quality as proof dies, however no frosting was applied – to maintain the uncirculated appearance.
The proof polishing process is extremely labour intensive, done by hand with tiny tools under binocular microscopes. The blanks used for Gem Uncirculated coins were proof blanks, of a higher quality than circ/unc blanks. The blank preparation process for proof coins was also followed, which uses a variety of techniques to purify, or clear the blank surface of defects (pickling, burnishing, heat treatment etc.). Finally the coins were struck as per proof coin process, on a proof press, hand loaded and inspected, struck four times precisely, and then encapsulated. These coins were absolutely unique, and while I never got around to asking all purchasers, I had a pretty strong inkling that more collectors bought this set, than wedding go-ers.

My opinion from reading this process is that they should be given the specimen label as they are truly not standard off the production press method of manufacture. They are specially made in a process not dissimilar to that of the proof coins, and while not proof coins, they deserve a different label to those bog standard in-your-change coins.

Wedding Set Coin 2009 50 cent PCGS MS69

Wedding Set Coin 2009 50 cent PCGS MS69

Mint Set Coin 1993 50 cent PCGS MS66

Mint Set Coin 1993 50 cent PCGS MS66

Posted in Collecting Coins

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