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The Hyde Park Collection - Australian Edward VII Sovereigns 1902-1910

By Zebo

The Reign of King Edward VII (1901-1910) - House of Saxe-Coburg and Gotha This set consists of all the different gold sovereigns issued by Australia and its Sydney, Melbourne and Perth mints from 1902 through 1910. The Sovereign during that time was the chief coin of commerce in the world. My goal is to put together a high grade complete date and mint collection of Australian Sovereigns. This collection was minted during King Edward VII's reign. My love of the Sovereign began with my father's interest in the coin. My collection has grown significantly over the years and I will continue to upgrade the set when feasible. The history and personalities surrounding the Sovereign is fascinating. The importance of the Sovereign in world commerce is unprecedented. My appreciation for Sovereign rose to new heights after researching and later obtaining Sovereigns from the Quartermaster, Bentley, George and Park House collections. King Edward VII took over the British throne after the death of Queen Victoria. He was a popular ruler who strengthened his country prior to World War I. Edward VII, born in London on November 9, 1841, became king upon the death of his mother, Queen Victoria, in 1901. A popular member of social and sporting circles, Edward VII strengthened England's ties with the rest of Europe. His reforms of the military and navy prepared them well for World War I. Prior to becoming King, Prince Edward married Princess Alexandra of Denmark. The marriage, arranged by Edward's parents. Before his marriage but after his engagement, Edward fell into a scandalous love affair with actress Nellie Clifton. So distraught was his father, Prince Albert, over the disgrace to the royal family, that he personally went to his son to reprimand him. The affair was ended, but two weeks later Albert fell ill and died of typhoid. Queen Victoria fell into a deep depression and blamed Edward for her husband's death, never to forgive him. Edward continued to have many affairs throughout his marriage. Actresses Sarah Bernhardt and Lillie Langtry, as well as Lady Randolph Churchill (Winston's mother) and Alice Keppel (great-grandmother of Camilla, wife of Charles, the current Prince of Wales) were among his many trysts. With Queen Victoria's retreat from public life, Edward was allowed to represent her at official state events, but not given any responsibility in political matters. The Edwardian period (1901-1910) was seen as the golden age for the upper class in Britain. His legacy is marked by criticism for his pursuit of self-indulgent pleasures but also praise for his affable personality and diplomatic skill. Australian Mints: Sovereigns minted in Sydney, Melbourne and Perth 1902 - 1910 Sydney Branch Mint Millions of pounds of gold bullion were shipped from Australia to London each year to be minted into coin. However, it soon became apparent that it would be easier to refine the gold and turn it into coins at source, rather than transport it to Britain and have it turned into coins there. Sydney, Melbourne, and Adelaide each submitted to be the venue of a branch of the Royal Mint and after some deliberation the British government awarded it to Sydney, which began issuing coins in 1855. This mint issued coins with its own design from 1855 until 1870 then, in 1871 the Royal Mint insisted that all gold sovereigns regardless of Mint should carry the British design. The need for a Mint to produce coin in Australia and convert the local gold from the goldfields, without sending out of the country, finally came to fruition when an Order of Council was issued and ratified on 19 August 1853. Designs, dies and pattern coins were produced dated 1853. The Sydney Mint opened on 14 May 1855 and the first type design from the 1853 pattern was adopted for currency. The design of the Sydney Sovereigns was to be quite different from the Imperial British type, as they were originally intended to be legal tender in Australia only. This changed with the Colonial Branch Mint Act of 1866, when they became legal tender in the UK and other colonies and led to the harmonization of the Imperial type designs. The 1855-1868 yellow gold Sovereigns of the Sydney mint that were alloyed with silver were most popular in export trade with India. They were more revered than the British Sovereign because of their yellow color, signifying the more valuable alloy with silver as opposed to the red gold color of the British Sovereign alloyed with copper. This changed in 1868, when the first step towards harmonization. Sydney started mixing copper in the alloy, rather than silver, making some of the 1868 dated issue and all for 1870 of the red gold color. When the Sydney Mint stopped minting Sovereigns in 1926, the total number of all Sovereigns struck of both Australia and Imperial types from 1855-1926 stood at 144,435,1926. Imperial Type Sovereigns in Australia With the significant Coinage Act of 1870 in Great Britain came a sweeping change to harmonize the design of the coins minted from the Australian output of gold with that produced from the Royal Mint in London. The fact that the Australia design coins were legal tender only in Australia had obviously affected export trade. The Colonial Branch Act of 1866 had made the Australia type coins legal tender in the UK and in trade, useful especially with closer neighbours in India and Asia. However the British Imperial gold Sovereign was already a respected trade coin with its shield reverse and more acceptable than the Australia type coins. The Melbourne Mint During the 1850s, Victoria alone contributed more than one-third of the world’s gold output. Although a Mint opened in Sydney in 1855, it had difficulty keeping pace with the output of the goldfields and in 1871 a new branch of the Royal Mint opened in Melbourne. The new Melbourne mint was scheduled to open as early as 1870. However, due to circumstances beyond their control, the Mint opened late on 12 June 1872. This tardiness was mostly because the ship Rangoon had sunk near Galle Harbor in Ceylon while carrying all the new 1871 dated dies from the mint in London. A very limited number of the dies were salvaged and these later came into use with the overdate 1872 over 1. By the end of 1872 nearly three quarters of a million Sovereigns with the shield reverse had been produced, all with the mint letter M under the wreath on the reverse. St. George reverse Sovereigns and gold Half Sovereigns were also produced from 1873. Both the shield and St. George reverse coins were minted in most years until 1887. The shield design was retained at the Australian branch Mints only, as it was still the preferred coin in trade with India and Asia. The St. George reverse was preferred in England. The Mints were given the choice of which to strike according to demand, which is why some years do not exist for certain reverse types. According to the publication Royal Sovereign, a Chinese General, Wong Yung Ho, visited the Melbourne Mint in 1887 and confirmed that the shield design was preferred by the Indians when trading with the Orient. The Indians feared they would upset the Chinese if they paid for their wares with the St George reverse coin. This was because of the humiliating position of the Chinese national symbol the dragon under the horseman and therefore this reverse design was not generally seen in commerce in Asia. The Melbourne Mint stopped minting Imperial type gold Sovereigns in 1931, the total quantity of Sovereigns was 147,282,731 pieces. This is the highest total of Sovereigns from the three branch Mints based in Australia. The Perth Mint Gold was first discovered in Western Australia in 1884 and gold mines became established at Kimberley in 1886. The gold mines at Kalgoorlie and Coolgardie quickly became recognised as two of Australia’s richest. The problems of transporting the raw gold over 2,100 miles to the nearest Mint in Melbourne were obvious and so a new branch of the Royal Mint was authorized and opened in 1899. The Colony in Western Australia had been granted Government in 1890. John Forrest, the first Premier and Treasurer, was instrumental in establishing the Perth Mint. Permission was granted for a Mint from London in 1894, as long as certain conditions were adhered met. The Perth Mint Bill went through Assembly in July 1895. In 1897, a renegotiation was necessary and a new completion date of 1 January 1898 was established. A Proclamation for the new Mint was ratified by Queen Victoria 13 October 1897. All gold coins struck would carry the mint letter P. However, as usual with all large building projects, there were some delays, and the Perth Mint building was finally completed on 17 October 1898. The Mint was ready to in June and the very first Perth Mint Sovereign was struck on 20 June 1899. When the Perth Mint stopped producing Imperial type gold Sovereigns in 1931, the total quantity of Sovereigns was 106,384,197 pieces. Census population updated 8/21/2019 Read more...

The Hyde Park Collection - Australian Edward VII Sovereigns 1902-1910

By Zebo

Owner Comments:

Gallery

NGC Expert Comments:

This set is comprised of 27 sovereign coins minted in Australia during the reign of Edward VII at Melbourne, Perth and Sydney from 1902-1910, and everything about this set is deceptively difficult. Although most have mintage figures from 2 to 5 million, they are harder to find than those figures suggest. The low relief effigy of Edward VII makes these coins prone to contact marks, and they are downright scarce in choice condition. Zebo has seven coins graded MS63 and one MS64, including two Top Pop examples. Zebo’s set is remarkably well balanced and every coin but one is uncirculated. Patience and commitment have no doubt played a role in finding these coins, and what an enjoyable box of gold it must be to behold.

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