Australian Decimal Error Coins

Posted on by kdh
  • Australia 50 Cent 1976 Indent with Brockage Error

The market for quality high grade Australian decimal error coins is certainly heating up right now with strong results seen across the board at public auction and auction sites such as eBay. All coins shown or mentioned in this article grade uncirculated or better. The types of errors above range from extremely rare one off coins we’ve never seen before to error coins found in numbers indicating coin press malfunction or bulk coin blank contamination. For example the 2009 $2 is commonly seen double struck with an estimated maybe 50 coins in existence they do often pop up for sale. I say common because even though 50 is a small number, it’s a lot compared to all the other years the $2 coin was minted with only a few examples of 2008 dated coins appearing and this type of error hasn’t been found on coins dated any other year (to my knowledge). Compare that scenario to the double struck mob of roos dollar coin seen above of which we have never seen another. One coin not to be overlooked is the 1992 $2 struck on a magnetic foreign holed planchet or washer, the kind of unique coin that I could’t even put a price on it’s so rare. Only an auction would test the strength of the market for this rare coin -if it were for sale.

Off-centre coins, ramstrikse, broadstrikes and partial collar errors are more commonly caught by security companies before even entering circulation which is where the wrong planchet coins become easier to find. Wrong planchet coins are easily fed, rolled and distributed for you to find in your change which was the lucky scenario for the woman shopping in Woolworths in 2009 when she was handed an odd looking mob of roos $1 which was in fact struck on a bi-metal planchet intended for a Venezuelan Bolivar! The wrong planchet coins seen above were removed from coin rolls and immediately onto the collector market and as such are in top gem uncirculated grade.

It appears a few collectors are seeing the investment and value in these decimal error coins which is driving prices stronger. Below are a few exceptional sales results from 2014:

1981 20c struck on Hong Kong $2 scalloped planchet $16,695 (incl comm) on $4,000 estimate Downies #316 Feb 2014
1994 10c on 5c planchet Uncirculated $2,800 on estimate of $750 Downies #317 July 2014
1995 10c on 5c planchet Uncirculated $2,950 on estimate of $750 Downies #317 July 2014
1997 50c on 20c Planchet Uncirculated $2,100 on estimate of $900 Downies #317 July 2014
ND double struck $2 eBay September 2014 $966 Auction result
2009 double struck $2 eBay July 2014 $1,375 Auction Result
2009 double struck $2 eBay August 2014 $1,122 Auction Result (Padstow Coin Centre)
2005 Mob of Roos $1 Off-Centre described as Massive Broadstrike eBay August 2014 BIN $1,250
1975 50 cent struck 10% off-center PCGS MS64 eBay August 2014 $1,008 Auction Result

Now I’ve only mentioned sales results here where I’ve viewed in person or reasonable assumed authenticity for each coin based on the images provided using my own expertise in identifying a genuine mint error. There are a lot of home-made and dodgy shed-job errors out there being passed off as legitimate genuine Mint error coins. It’s a good idea to familiarise yourself with the factors that make each type of error coin a real and true error to ensure you’re not buying a dud. Always if you can, view a coin yourself, in hand, or have someone trustworthy and knowledgeable do it for you before you purchase or place your bids.

Posted in Error Coins

Australian Paper $5 Note Value

Posted on by kdh
Australian Paper $5 Note

Australian Paper $5 Note

Your Australian paper $5 note value is dependent on the condition (grade) of the note, the serial number and the signatures. Identifying the Australian paper $5 note is easy, it’s colours are purple and black and it measures 150mm x 75mm. The front of the note features botanist Sir Joseph Banks and a collage of Australian flora, this side has the signatures and serial numbers. The back of the note features a portrait of philanthropist Caroline Chisholm with those she helped to early settlement in Australia. Earlier notes read “COMMONWEALTH OF AUSTRALIA” issued 1967 to 1972 when it was shortened to “AUSTRALIA” on notes issued from 1974.

Paper $5 note -back

Paper $5 note -back

Security features of the paper banknote are a watermark portrait of Captain James Cook and a metal thread running vertically near the centre of the note, you can see these when you hold the note up to the light.

The paper five dollar note was issued on 29th May 1967 just over a year after the changeover to decimal currency on 14 February 1966. This was because it had no exact equivalent pre-decimal note so it was held back so as not to confuse the public. The paper note was continued until July 1992, then in 1993 the Aussie five dollar note was completely redesigned and issued as a polymer note, with Australia no longer issuing any paper banknotes.

There are 9 signature combinations of the Governor of the Reserve Bank of Australia and the Secretary to the Treasurer on the paper five dollar note.

  • Coombs/Randall 1967
  • Phillips/Randall 1969
  • Phillips/Wheeler 1972, 1974
  • Knight/Wheeler 1976, 1977, 1978
  • Knight/Stone 1979
  • Johnston/Stone 1983
  • Johnston/Fraser 1985, 1988
  • Fraser/Higgins 1990
  • Fraser/Cole 1991

    • The serial number, of which there are two, begin with 3 letters and end with 6 numbers. The first 3 letters which are the prefix can help us determine a notes value. Banknote values differ for each of the serial number categories, first prefix, last prefix and general prefix. First and last prefix are those notes issued first and last and are more collectable than the general prefix notes in the middle. Regarding the serial number, some collectors keep notes with interesting serial numbers. These include sequences that appeal to the market such as a radar or repetitive numbers or different denomination notes with the same numbers. Groups of consecutively numbered notes are also worth a premium. There are also special framed note issues, portfolios and uncut notes and sheets issued for collectors that are worth more. Specimen $5 notes were also issued and can be identified by the printing of “specimen” on the note and are highly valuable.

    Some paper five dollar notes will have an asterisk at the end of the serial number. That serial number will always begin with a Z. These are called star notes or star replacement notes and are very valuable in any condition. These notes replaced a soiled or damaged note in a bundle so bank tellers could still keep track of the number of notes in a bundle. This practice was discontinued in 1972.

    As with error coins, error banknotes are very popular and keenly sought. Errors on the $5 paper note include missing print, ink transfer and registration shifts just to name a few, these are a topic for a whole other (and very long) article. Their value will depend on the type of error.

    Now you have identified your five dollar note you can determine it’s approximate value. Pick up a coin and banknote catalogue and find your notes value -but take that value with a grain of salt. The banknote market is very flat at the moment (2014) so it’s wise to check on past sales to see what a similar note sold for.

    Reference
    Vort-Ronald, Michael P.(2000) Australian Decimal Banknotes Second Edition

    Posted in Banknotes

    2014 Melbourne ANDA Coin and Banknote Show Report

    Posted on by kdh
    ANDA Melbourne -this way!

    ANDA Melbourne -this way!

    We were unable to attend the ANDA/APTA Coin, Note, and Stamp Show in Melbourne on the 8th and 9th August 2014. But fortunately, Eric Eigner from Drake Sterling Numismatics was there to keep us up-to-date on the numismatic happenings at the show.

    2014 ANDA Show Melbourne

    2014 ANDA Show Melbourne

    Unlike previous years, the Melbourne ANDA Coin Show was held at the Dallas Brooks Centre just off Victoria Parade on the edge of Melbourne’s CBD. I arrived early, a few minutes before doors opened, but after I saw the long queue at the ticket booth, I decided to wait at the nearby coffee shop. I snuck in a bit later once the queue had shortened.

    I don’t mind the Dallas Brooks Centre. It has been used for coin-related events in the past, but this is the first time (in my memory) that ANDA has used the venue for one of its shows. Inside, there were four blocks of dealers, encircled by a horseshoe of stands belonging to the Perth Mint, the Royal Australian Mint, and a few of the local coin clubs. Of the venue itself, my first impressions were positive. The only negative was that it was extremely difficult to find cheap parking in the area. Next year, I’ll be taking a tram or a bus; more athletic collectors could also walk the kilometre or so from the main part of town.

    Most of the usual dealers were present, including Andrew Crellin all the way from Fremantle, Western Australia. Bob and Jacquie Innes and Paul Hannaford had made the trek from sunny Queensland. Bullion Club (now operating under the AGSX banner) Chris Buesnell, and Prospect Stamps and Coins came down from Sydney, while Steve Nugent and Stephen Cole flew in from Adelaide and Tasmania, respectively. Three old favourites from Canberra, Ed Cummings, Tony Bryne, and Kevin Ayres, held adjacent tables near the edge of the hall, while the locals from Melbourne, Klaus Ford, Downies, Steele Waterman, and Scott Waterman, did not miss the opportunity to present their wares.

    Slabs en masse!

    Slabs en masse!

    Friday was the busiest day of the show. The lines at the door were persistent, and the crowds inside were both pleasing to see and frustrating to navigate. There was a wide range of coins, stamps, banknotes, precious metals, and modern product for collectors to purchase. I managed to pick up a decent 1927 penny from Kevin Ayres as well as a collectable group of half sovereigns from a Queensland dealer. Andrew Crellin had the most impressive display, in my view. It included no fewer than a dozen high-grade gold rarities, and about half a dozen pre-1955 proofs. The coins might have been out of the price range of the average collector, but it was nonetheless good to examine them close up.

    Saturday was less intense than Friday had been, but it gave collectors the opportunity to examine coins at a more leisurely pace. Dealers were more approachable and more willing to horse trade, too. Best of all, the queues at the Royal Australian Mint stand were more manageable, so if you were after a counterstamped dollar (not counterstamped on site, unfortunately), then Saturday was the day to attend.

    Perth Mint Stand

    Perth Mint Stand

    On the whole, it was a pleasing show. I don’t think coin shows have the same rock star ability to pull numbers like they used to, but it was good to see collectors and dealers making the effort to attend.

    The next ANDA/APTA Coin, Banknote, and Stamp Show will be held at the Lower Town Hall, Druitt St, Sydney on Friday 24th and Saturday 25th October. See you there.

    Posted in Coin News

    1956 Melbourne Olympic Games Participation Medal

    Posted on by kdh
    1956 Melbourne Olympic Games Participation Medal

    1956 Melbourne Olympic Games Participation Medal

    Commissioned by the 1956 Melbourne Olympic Committee this medal was designed by Andor Meszaros in 1955. The dies were produced by John Pinches of London and the medals struck by K.G Luke of Melbourne. 12,250 of these were struck in bronze of which 11,305 were formally issued, they are 63 millimetres in diameter and weigh 105 grams. Carlisle reference is c/1956/5.

    This medal was the turning point in the career of Andor Meszaros (1900-1972) with these medals spreading his work around the globe as each participating country took their medal back to their home country.

    Andor submitted designs for both the reverse and obverse of the commemorative medal. The obverse depicts, in relief, a design of athletes marching in pairs following a single figure bearing a banner with the Olympic device of rings and the motto of the International Olympic Committee Citius, Altius, Fortius. Just to the right of that single figure bearing the flag, along the edge is Meszaros’ signature and 1955. The reverse is a reproduction, in relief, of the Coat-of-Arms of the City of Melbourne surmounted by the five rings and bearing the inscription “Olympic Games Melbourne 1956”. Again the designers signature is depicted to the left of this Coat-of-Arms and to it’s right, the maker K.G Luke Ltd.

    These were presented in a clear plastic case to all those involved in the 1956 Melbourne Olympic Games (see table). Each runner in the torch relay was presented with their medal en route as the flame made it’s way from Cairns to Melbourne. Other competitors, officials etc are listed below.

    Commemorative Medals
    Group Ordered Issued
    Guests of Honour 50 41
    I.O.C 65 52
    N.O.C 475 328
    I.F. -President and Secretary 40 26
    Organizing Committee 70 70
    Attaches 80 75
    Chefs de Mission 80 56
    Arena Managers 25 21
    Team Officials 600 589
    Medical 100 159
    Housing 25 9
    Transport 25 11
    Sub-Committees of Organizing Committee 70 67
    Civic Committee 20 20
    Sports Officials 2,165 1,927
    Competitors 4,505 3,516
    Torch Relay 3,000 2,981
    Opening Ceremony 25 8
    Arts Festival 750 768
    Miscellaneous (including O.C. Staff and
    voluntary helpers)    		 130 622
    TOTAL 12,250 11,305

    Reference
    Semmens, Kelman. 1972. Andor Meszaros Sculptor
    Sharples, John P. 1990. Medals as Art: Australia and the Meszaros Tradition
    Carlisle, Leslie J. 2008 Australian Historical Medals 1788-1988
    The Organizing Committee of the XVI Olympiad. 1958. The Official Report Of The Organizing Committee For The Games Of The XVI Olympiad Melbourne 1956

    Posted in Medals

    1959 Florin Emu Egg Variety

    Posted on by kdh
    Australian 1959 Florin Reverse

    Australian 1959 Florin Reverse

    The Australian 1959 florin depicts a difference on the reverse die that doesn’t appear on coins of any other year. This difference is the appearance of an egg between the two emu’s legs. It’s called an egg but look closer and it really resembles a pointed arrow.

    Scarce?

    The funny thing is that every 1959 business or circulation strike florin has this variety so it’s not scarce or rare. It doesn’t appear on the 1959 proof florins.

    Often listings of 1959 florins for sale state that their coin is the emu egg variety. You may be incorrectly alluded that you are purchasing a rare or scarce coin but do your homework. They all have eggs!

    This problem is added to due to the fact that Renniks Australian Pre-Decimal Coin Varieties 1st ed (2005) lists the emu egg variety as scarce. I guess at a stretch it’s scarce if you’re looking at all florins with this reverse from 1938 to 1963, but for the 1959, I couldn’t even say common, it’s a given!

    How?

    Maybe that’s how the “rare egg” illusion started. Imagine a 2014 20 cent is released and collectors notice a substantial cud or slight die variation different to the 20c of every other year, after some time though it’s realised that ALL 2014 20c have the cud/variation. It wouldn’t be rare or scarce or even different to every other 2014 twenty cent coin.

    The 1959 emu egg

    It is thought the egg appeared on the master die as a result of some sort of damage. It was then carried to all the working dies appearing on the resulting coin as a blob or cud.

    The Emu Egg

    The Emu Egg

    Posted in Collecting Coins

    Stuart Devlin Silver Surprise Eggs

    Posted on by kdh

    • Hare Surprise Egg

    Artist, sculptor and Master Silversmith Stuart Devlin is well known in Australia as the designer of our iconic decimal coins, the echidna on the 5 cent, the lyrebird on the 10 cent, the platypus on the 20 cent and the mob of 5 kangaroos on the dollar coin are just some of his work that you can find in your pocket. He won a competition in 1963 to design the new coins for decimal changeover in 1966 and his work and achievements from then on will amaze you. Not content with his work in the hands of millions of Australians, Devlin has designed coins for 36 other countries and countless medallions. His achievements don’t end there with trophies, furniture and clocks created in his esteemed career as well as pieces with a practical use such as surgical instruments, goblets, cutlery and candelabra.

    As a coin collector with broadening interests my heart leapt, when for a birthday a few years ago I was gifted a stunning silver surprise egg designed by the one and only master gold and silversmith Dr Stuart Devlin. This gift prompted a nest of eggs develop over the years with many taking on a Christmas theme, Nursery Rhyme or animals. Most are limited edition, each numbered with a certificate of authenticity and some numbered on the egg itself. All are sterling silver with a gilt finish and some enameling. Each egg has a different texture of finish. All bear the special Stuart Devlin silver hallmark.

    Silver Flamingo Egg 1978, Silver Hedgehog Egg 1978, Silver Easter Chick Egg 1971

    Silver Flamingo Egg 1978, Silver Hedgehog Egg 1978, Silver Easter Chick Egg 1971

    Man Carrying Pig "Tom Tom the Pipers Son" Silver 1981 (limited to 200), Silver Humpty Dumpty Egg 1976, (my favourite) Four & Twenty Blackbirds Baked in a Pie 1982 (limited to 200)

    Man Carrying Pig “Tom Tom the Pipers Son” Silver 1981 (limited to 200), Silver Humpty Dumpty Egg 1976, (my favourite) Four & Twenty Blackbirds Baked in a Pie 1982 (limited to 200)

    Silver Hare Egg 1969, Silver Kangaroo Egg 1974. These eggs are sprung loaded and both the Hare and the Kangaroos' Joey both jiggle about.

    Silver Hare Egg 1969, Silver Kangaroo Egg 1974. These eggs are sprung loaded and both the Hare and the Kangaroos’ Joey both jiggle about.

    Issued in boxes with certificates they haven’t all survived to date. Individual eggs however can fetch from $500-$1,000. As well as eggs, amongst his creations are surprise boxes and different shaped ornaments, mementos and “dustcatchers” as Mum would call them to sit on the mantle or in the special display cabinet but today they are highly collectable and were keenly sought even at their release.

    Boxed Hare Egg with Certificate

    Boxed Hare Egg with Certificate

    Posted in Collectables and Ephemera

    2014 The Great War Limited Edition PNC with Great Britain 2 Pound Coin

    Posted on by kdh
    2014 The Great War PNC

    2014 The Great War PNC

    Remembering World War I which was known as The Great War up until World War II, 100 years ago. The Great War PNC marks the centenary of the outbreak of war and is limited to 2,500 individually numbered covers with a special red foil postmark. Issued by Australia Post on August 8th there will only be 2,500 of these PNC’s issued worldwide.

    The PNC is a tri-fold presentation card which contains the coin in a built in capsule housed in an envelope with a Royal Mail 1st Class stamp and an Australian 70c stamp with a red foil cancellation postmark of Albany WA. Albany was where our Aussie troops departed Australian soil on November 1 1914. The commemorative coin is a British £2 2014 issue struck on a bi-metal planchet. The inner core is made from copper-nickel and the outer ring composed of nickel-brass. The uncirculated coin is edge inscribed with “The lamps are going out all over Europe”. The reverse of the coin features Lord Kitcheners call to arms “The First World War 2014-2018 Your country Needs YOU” designed to the coin by John Bergdahl and the obverse features Elizabeth II by Ian Rank-Broadley. This British commemorative coin is the first in a five year series remembering outbreak to armistice.

    2014 The Great War PNC

    2014 The Great War PNC

    Posted in Coin News, Collecting Coins

    Australia 1943s Shilling S over D Variety

    Posted on by kdh
    1943s Shilling S over D Variety

    1943s Shilling S over D Variety

    The Australian 1943 shilling struck in San Francisco shows a distinctive S mintmark on the reverse and can be found with the variety seen above commonly known as the S over D variety. The only other Australian shilling struck in 1943 was plain which doesn’t have a mintmark and was struck in Melbourne. Some Australian threepence and sixpences were struck in 1943 in Denver, USA with a D mintmark hence the conclusion by some that the variety is some type of re-engraved or over-mint mark type where the S has been added over a partially removed or changed D.

    This is however entirely incorrect.

    The S mintmark on the San Francisco minted coin with the variety shown here does in fact feature a cud where a small portion of the die has broken away and left a blob of metal on the struck coin adding to the S mintmark. The cud happened in such a position that it does appear as if it was the rounded front of a D.

    It is in fact a well known variety listed by Ian McConnelly in Australian Pre-Decimal Coin Varieties (2nd edition) as Very Scarce and known as the blob on front of mintmark S variety. Personally I like the S over D title with the added “but it’s just a cud”. The example featured here also shows a spur cud on the 9 of the date which can be found on some blob in front of S varieties but not all. This variety is one of the better known pre-decimal varieties and one to look out for.

    Australia 1943 S Shilling Variety

    Australia 1943 S Shilling Variety -closeup of blob on S mintmark

    1943 s Shilling Spur (Cud) on 9

    1943 s Shilling Spur (Cud) on 9

    Posted in Collecting Coins, Error Coins

    Australian 1966 Proof Set

    Posted on by kdh
    Australian 1966 Proof Set

    Australian 1966 Proof Set

    In July 1967 the Royal Australian Mint began testing the proof coin equipment to make the first decimal proof coins after catching up with all the new decimal circulating coin requirements for the country because of decimal changeover in February 1966. After about 4 months of testing the process the Mint was proud of the resulting proof coins. Here’s the summary of their production method quoted from the Fourth Annual Report 1967-1968.

    Dies: The proof coin dies after hardening are rough polished then sand-blasted to produce a matte surface. The table of the die is polished to a mirror finish, and then masked, while the design is again lightly sand-blasted. The face of the die is hard chrome plated before use.

    Blanks: Normal production blanks are inspected, and unblemished blanks are selected for proof coin processing. The blanks are annealed on trays in an atmosphere-controlled belt-conveyor furnace, and then edge-marked. The 20c and 50c blanks are marked prior to annealing.
    The blanks are buffed on linen buffing wheels using metal polish, ultrasonically cleaned in a volatile solution, and coined by a double-strike coining press. The finished coins are sprayed to prevent tarnishing before being packed in cases.

    In October 1967 the first of the sets became available at $12.50 each (plus $1 postage) with an initial limit of 5 sets per order. This was said to be at cost for the Mint, a substantial hike on the previous prices for pre-decimal proof sets which were sold under cost. The sets however far superior than the last pre-decimal proof sets in the black plastic cases. The Mint ended up producing 18,054* 1966 proof sets between late 1967 and early 1969 retaining the 1966 date as it was the year Australia changed to decimal currency. Mint Controller at the time Mr J M Henderson wrote “initially the sets will be dated 1966 -that being an important year in Australian coinage history because of the change to decimal currency, the new coinage denominations and the new designs.” It wasn’t until 1969 that we saw a new proof set produced again with the new dodecagonal cupro-nickel 50 cent and in completely different sonically sealed packaging.

    The 1966 proof coins were housed in velvet and satin-lined blue cases of which there are 2 types -light blue and dark blue. The coins were very easily mishandled being easily touched in the box causing spots, fingerprints and toning from the blue coloured felt and the environment. As such it’s difficult to find a pristine quality set with unimpaired coins.

    Each set houses 6 coins all designed by Stuart Devlin:

  • 1c Feather-Tailed Glider Bronze Proof
  • 2c Frilled-Neck Lizard Bronze Proof
  • 5c Echidna Cupro-Nickel Proof
  • 10c Lyrebird Cupro-Nickel Proof
  • 20c Platypus Cupro-Nickel Proof
  • 50c Coat of Arms 80% Silver Round Proof

    • 1966 proof coin sets in the blue cases generally sell for anywhere from $250-$500 but this depends entirely on the condition of the coins. If you’re looking to add a 1966 proof set to your collection then given their susceptibility to damage it’s well worth considering a set that has been graded by PCGS. Such sets can be picked up for upwards of $500 for an average set with top sets selling for over $3,000. This proves condition is everything!

    *According to the Mint report of 1967-8 they had produced 10,514 1966 proof sets of which 8,939 had been sent to customers. The 1968-9 report adds another 45,240 individual coins for 7,540 sets. This totals 18,054 sets produced.

    1966 Proof Set Light Blue Box

    1966 Proof Set Light Blue Box

    1966 Proof Set Dark Blue Box

    1966 Proof Set Dark Blue Box

    Posted in Collecting Coins

    Prince George 1st Birthday Coin

    Posted on by kdh
    Great Britain Crown Prince George 1st Birthday

    Great Britain £5 Crown Prince George 1st Birthday (image courtesy The Royal Mint)

    Baby Prince George is celebrating his 1st birthday and for the occasion a commemorative £5 crown coin has been released by the Royal Mint in London. First born son of Prince William and Kate young HRH Prince George of Cambridge turns one on July 22nd 2014. We know this isn’t an Australian coin but having such close ties with the monarchy and just off a Royal Tour and visit by Baby George with his parents William and Kate in May this year Australia has certainly been hit by the Royal bug.

    The new coin bears the modern twist on the traditional Royal Arms in stunning sterling silver by Edgar Fuller. This design was created for Prince George’s Gramdmother, Queen Elizabeth II and was struck onto the 1953 crown issued to celebrate the coronation (see below figure 1). It’s the cruciform or cross-like version of the Royal Arms, a traditional design with a modern twist featuring four shields (2 of) England, Scotland and Ireland around an emblematic cross made from a shamrock, thistle, leek and rose around a central crown. This Royal Arms was also struck onto a British 5 shilling Crown in 1960 (see below figure 2).

    The first birthday of Prince George coin has a limited mintage of just 7,500 and is already sold out at the Royal Mint proving the little fellow, third in line to the British throne is hugely popular. Struck in proof (.925) sterling silver the £5 crown weighs 28.28 grams and is a large 38.61 millimeters in diameter with a milled edge. Issue price is £80 but I wouldn’t expect to pick one up for that price now the Royal Mint has sold out.

    Great Britain 1953 Crown Figure 1

    Great Britain 1953 Crown Figure 1

    Great Britain 1960 Crown

    Great Britain 1960 Crown Figure 2

    Posted in Coin News

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