www.downies.com Downies advises to discuss investment matters with a qualified financial planner or consultant May 2012 I t may have been struck in Brazil, and it may have been issued in the name of the King of Portugal, but you could scarcely conceive of a more important coin in the context of Australian history than the Gold Johanna. Given the highest value of any coin included in Australia’s first official currency system, established by Governor Philip Gidley King in 1800, this large, majestic gold crown is truly ‘the Prize of the Proclamation’. Despite the fact that the Johanna (denomination 12,800 reis) was produced for little more than a decade, this spectacular gold coin was widely accepted as a trade coin and circulated across the globe for many decades – including in the Australian colonies. Comprising nearly one ounce of gold, the Johanna was one of the most important coins in the wild mix of foreign currency utilised in the embryonic colonial economy, and was a natural inclusion in Governor King’s Currency Proclamation. The highest denomination of any coin on the list displayed at the government stores in Sydney and Parramatta in November of 1800, the Gold Johanna was given a value of £4. Highly sought after for its profound beauty and extreme rarity – in part due to extensive re-melting programs in later years – the Gold Johanna’s importance as a component of Australia’s first official currency system has ensured strong ongoing demand in Australia. A stunning opportunity to own a perfectly preserved example of this illustrious, excessively rare Proclamation coin, we have the very last date of the short-lived 1722-32 Gold Johanna Series in stock – in immensely rare Uncirculated quality! Struck at Minas Gerais – the heart of the great Brazilian Gold Rush of 1693 – this superb example has been officially slabbed and graded at MS61 (equivalent to Uncirculated) by Numismatic Guaranty Corporation. Seldom seen in this immaculate state of preservation, the 1732M Gold Johanna offers you the chance to enhance your collection or portfolio with a truly great Australian rarity. The Prize of the Proclamation The Gold Johanna – in strictly Unc quality! Portugal-Brazil 1732M Gold One Johanna (NGC MS61) Slabbed Uncirculated AQ852 $12,950 ated) ty e o n ed CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
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Highly Important Coins & Banknotes Highly Important Coins & Banknotes
Page 6Page 5
www.downies.comwww.downies.comwww.downies.com Downies advises to discuss investment matters with a qualifi ed fi nancial planner or consultant
May 2012
It may have been struck in Brazil, and it may have been issued in the name of the King of Portugal, but you could scarcely conceive of a more important coin in the context of Australian
history than the Gold Johanna. Given the highest value of any coin included in Australia’s first official currency system, established by Governor Philip Gidley King in 1800, this large, majestic gold crown is truly ‘the Prize of the Proclamation’.
Despite the fact that the Johanna (denomination 12,800 reis) was produced for little more than a decade, this spectacular gold coin was widely accepted as a trade coin and circulated across the globe for many decades – including in the Australian colonies. Comprising nearly one ounce of gold, the Johanna was one of the most important coins in the wild mix of foreign currency utilised in the embryonic colonial economy, and was a natural inclusion in Governor King’s Currency Proclamation. The highest denomination of any coin on the list displayed at the government stores in Sydney and Parramatta in November of 1800, the Gold Johanna was given a value of £4.
Highly sought after for its profound beauty and extreme rarity – in part due to extensive re-melting programs in later years – the Gold Johanna’s importance as a component of Australia’s first official currency system has ensured strong ongoing demand in Australia. A stunning opportunity to own a perfectly preserved example of this illustrious, excessively rare Proclamation coin, we have the very last date of the short-lived 1722-32 Gold Johanna Series in stock – in immensely rare Uncirculated quality!
Struck at Minas Gerais – the heart of the great Brazilian Gold Rush of 1693 – this superb example has been officially slabbed and graded at MS61 (equivalent to Uncirculated) by Numismatic Guaranty Corporation. Seldom seen in this immaculate state of preservation, the 1732M Gold Johanna offers you the chance to enhance your collection or portfolio with a truly great Australian rarity.
The Prize of the ProclamationThe Gold Johanna – in strictly Unc quality!
Portugal-Brazil 1732M Gold One Johanna (NGC MS61) Slabbed UncirculatedAQ852 $12,950
1923 Halfpenny about Extremely Fine
AH874 $16,500
ADDRESS: Shop 5, Town Hall Square 464–480 Kent Street, Sydney
TELEPHONE: (02) 9299 4131 Mon–Fri 9am – 5pm Thurs until 6pm, Sat 10am – 3pm
Australia’s key halfpenny date…Immensely rare in this superb quality!
1923 Halfpenny good Very Fine
AK096 $8,950
1922/21 Threepence OverdateVery Good
AM852 $7,900
9
AK
119
As illustrated by the figures above, the 1923 Halfpenny is more than
just a collector acquisition of the highest order. Satisfying all the criteria of a sound rare coin investment – tangible, highly liquid, offering flexibility and steady capital appreciation – this iconic rarity is a lucrative long-term asset, especially in the unusually strong state of preservation seen here. With only a tiny percentage of the known examples in premium grade, the chance to secure the 1923 Halfpenny in good Very Fine represents an important opportunity for collector and investor alike.
Known by no more than 900 examples, the 1922/21 Overdate 3d is
one of the great rarities of the 1910-64 predecimal series. A potent illustration of the powerful potential of predecimal coins, this 90-year-old overdate threepence demonstrates that, where extreme rarity is apparent, the grade is irrelevant. Although the 1922/21 3d is usually found in poor condition, with a shallow strike and high circulation rendering most well worn, Australia’s most desirable overdate type has soared in value in recent times, with a Very Good example jumping from $1,750 to $10,000 since 2002!
And in good Very Fine! Rare in any grade…
1
lity!y!
The rarest, most sought after date in the 1911-64 Halfpenny Series, the 1923 Halfpenny is seldom available to collectors in premium grade. A tremendously rare example, we have the 1923 Halfpenny available in stunning about Extremely Fine!
With the 1923 Halfpenny known by a mere 15,000 examples, it stands to reason that this coin would be scarce across all grades – and extremely rare in the upper echelons of quality. The object of desire of investor and collector alike, the leading light of the 1911-64 Halfpenny Series has been the focus of constant demand in the last decade, with increased competition leading to an escalating market value.
Nowhere has the rise in value been more apparent than in premium condition. If you had acquired this key predecimal type in VF in 1999, you would have paid $1,650, with an EF example setting you back $4,500. Now, with an ongoing scramble for the few high-grade examples on the market, a 1923 Halfpenny in VF catalogues at $4,750, with an EF coin soaring to $18,500! Although elusive, and notwithstanding the jump in value, the 1923 Halfpenny remains within the reach of those looking for a serious investment at a reasonable price.
An exceptional coin, in the seldom seen grade of about Extremely Fine, the one 1923 Halfpenny we have available will be snapped up instantly.
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
Page 3 Page 4Page 2
www.downies.comwww.downies.comwww.downies.com
Highly Important Coins & Banknotes Highly Important Coins & Banknotes Highly Important Coins & Banknotes
Currency is much more than just a medium of exchange – it provides a rich insight into the history and culture of a people, and represents physical evidence of the development
of a country. Forming a compelling chronicle of Australia’s path to nationhood, the coinage used in this country since the time of Settlement in 1788 is a potent illustration of this phenomenon.
Britain considered its new southern outpost as a giant prison – the perfect place to dump those deemed to have breached the draconian laws of the late 18th and early 19th centuries. With Europe in turmoil, little thought was given to the administration of the new colony, with Britain’s inability to address the obvious need for currency one of many glaring oversights. Rum was the primary medium of exchange, along with largely worthless promissory notes and a grand variety of foreign coins.
Arriving on our shores largely as a result of trade, the coins used in early Australia originated from lands as far-flung as Spain, Portugal, the Netherlands, India and, of course, Britain. Changing hands on the basis of the intrinsic value, it was extremely difficult for people to
determine relative coinage values – until the Currency Proclamation of 1800, that is. Ascribing a putative denomination to each of the most widely circulating coin types of the era, the Proclamation is considered Australia’s first official currency system.
Following an increase in the availability and the quality of British currency after the Great Recoinage of 1817, the 1825 Sterling Act officially made British coins the only form of legal tender to be used in the colony, with British coins circulating in Australia well into the 20th century. Among the most important statements of sovereignty that a country can make, Australia released its first distinctive, uniform national currency in 1910. It may have arrived some ten years after Federation, and it may have been based on the traditional British LSD system – pounds (£), shillings (s) and pence (d) – but Australia’s first coinage constitutes a bold proclamation of our national independence.
The coins before you – representing both our first official currency system and first official ‘national’ currency system – provide powerful, tangible evidence of Australia’s rise from a starving, near-bankrupt penal colony to a thriving, independent nation.
Currency is much more than just a medium of exchange – it provides a rich insight into the history and culture of a people, and represents physical evidence of the development
of a country. Forming a compelling chronicle of Australia’s path to nationhood, the coinage used in this country since the time of Settlement in 1788 is a potent illustration of this phenomenon.
Britain considered its new southern outpost as a giant prison – the perfect place to dump those deemed to have breached the draconian laws of the late 18th and early 19th centuries. With Europe in turmoil, little thought was given to the administration of the new colony, with Britain’s inability to address the obvious need for currency one of many glaring oversights. Rum was the primary medium of exchange, along with largely worthless promissory notes and a grand variety of foreign coins.
Arriving on our shores largely as a result of trade, the coins used in early Australia originated from lands as far-flung as Spain, Portugal, the Netherlands, India and, of course, Britain. Changing hands on the basis of the intrinsic value, it was extremely difficult for people to
determine relative coinage values – until the Currency Proclamation of 1800, that is. Ascribing a putative denomination to each of the most widely circulating coin types of the era, the Proclamation is considered Australia’s first official currency system.
Following an increase in the availability and the quality of British currency after the Great Recoinage of 1817, the 1825 Sterling Act officially made British coins the only form of legal tender to be used in the colony, with British coins circulating in Australia well into the 20th century. Among the most important statements of sovereignty that a country can make, Australia released its first distinctive, uniform national currency in 1910. It may have arrived some ten years after Federation, and it may have been based on the traditional British LSD system – pounds (£), shillings (s) and pence (d) – but Australia’s first coinage constitutes a bold proclamation of our national independence.
The coins before you – representing both our first official currency system and first official ‘national’ currency system – provide powerful, tangible evidence of Australia’s rise from a starving, near-bankrupt penal colony to a thriving, independent nation.
Currency is much more than just a medium of exchange – it provides a rich insight into the history and culture of a people, and represents physical evidence of the development
of a country. Forming a compelling chronicle of Australia’s path to nationhood, the coinage used in this country since the time of Settlement in 1788 is a potent illustration of this phenomenon.
Britain considered its new southern outpost as a giant prison – the perfect place to dump those deemed to have breached the draconian laws of the late 18th and early 19th centuries. With Europe in turmoil, little thought was given to the administration of the new colony, with Britain’s inability to address the obvious need for currency one of many glaring oversights. Rum was the primary medium of exchange, along with largely worthless promissory notes and a grand variety of foreign coins.
Arriving on our shores largely as a result of trade, the coins used in early Australia originated from lands as far-flung as Spain, Portugal, the Netherlands, India and, of course, Britain. Changing hands on the basis of the intrinsic value, it was extremely difficult for people to
determine relative coinage values – until the Currency Proclamation of 1800, that is. Ascribing a putative denomination to each of the most widely circulating coin types of the era, the Proclamation is considered Australia’s first official currency system.
Following an increase in the availability and the quality of British currency after the Great Recoinage of 1817, the 1825 Sterling Act officially made British coins the only form of legal tender to be used in the colony, with British coins circulating in Australia well into the 20th century. Among the most important statements of sovereignty that a country can make, Australia released its first distinctive, uniform national currency in 1910. It may have arrived some ten years after Federation, and it may have been based on the traditional British LSD system – pounds (£), shillings (s) and pence (d) – but Australia’s first coinage constitutes a bold proclamation of our national independence.
The coins before you – representing both our first official currency system and first official ‘national’ currency system – provide powerful, tangible evidence of Australia’s rise from a starving, near-bankrupt penal colony to a thriving, independent nation.
Highly Important Coins & Banknotes Highly Important Coins & Banknotes
Page 6Page 5
www.downies.comwww.downies.comwww.downies.com Downies advises to discuss investment matters with a qualifi ed fi nancial planner or consultant
May 2012
It may have been struck in Brazil, and it may have been issued in the name of the King of Portugal, but you could scarcely conceive of a more important coin in the context of Australian
history than the Gold Johanna. Given the highest value of any coin included in Australia’s first official currency system, established by Governor Philip Gidley King in 1800, this large, majestic gold crown is truly ‘the Prize of the Proclamation’.
Despite the fact that the Johanna (denomination 12,800 reis) was produced for little more than a decade, this spectacular gold coin was widely accepted as a trade coin and circulated across the globe for many decades – including in the Australian colonies. Comprising nearly one ounce of gold, the Johanna was one of the most important coins in the wild mix of foreign currency utilised in the embryonic colonial economy, and was a natural inclusion in Governor King’s Currency Proclamation. The highest denomination of any coin on the list displayed at the government stores in Sydney and Parramatta in November of 1800, the Gold Johanna was given a value of £4.
Highly sought after for its profound beauty and extreme rarity – in part due to extensive re-melting programs in later years – the Gold Johanna’s importance as a component of Australia’s first official currency system has ensured strong ongoing demand in Australia. A stunning opportunity to own a perfectly preserved example of this illustrious, excessively rare Proclamation coin, we have the very last date of the short-lived 1722-32 Gold Johanna Series in stock – in immensely rare Uncirculated quality!
Struck at Minas Gerais – the heart of the great Brazilian Gold Rush of 1693 – this superb example has been officially slabbed and graded at MS61 (equivalent to Uncirculated) by Numismatic Guaranty Corporation. Seldom seen in this immaculate state of preservation, the 1732M Gold Johanna offers you the chance to enhance your collection or portfolio with a truly great Australian rarity.
The Prize of the ProclamationThe Gold Johanna – in strictly Unc quality!
Portugal-Brazil 1732M Gold One Johanna (NGC MS61) Slabbed UncirculatedAQ852 $12,950
1923 Halfpenny about Extremely Fine
AH874 $16,500
ADDRESS: Shop 5, Town Hall Square 464–480 Kent Street, Sydney
TELEPHONE: (02) 9299 4131 Mon–Fri 9am – 5pm Thurs until 6pm, Sat 10am – 3pm
Australia’s key halfpenny date…Immensely rare in this superb quality!
1923 Halfpenny good Very Fine
AK096 $8,950
1922/21 Threepence OverdateVery Good
AM852 $7,900
9
AK
119
As illustrated by the figures above, the 1923 Halfpenny is more than
just a collector acquisition of the highest order. Satisfying all the criteria of a sound rare coin investment – tangible, highly liquid, offering flexibility and steady capital appreciation – this iconic rarity is a lucrative long-term asset, especially in the unusually strong state of preservation seen here. With only a tiny percentage of the known examples in premium grade, the chance to secure the 1923 Halfpenny in good Very Fine represents an important opportunity for collector and investor alike.
Known by no more than 900 examples, the 1922/21 Overdate 3d is
one of the great rarities of the 1910-64 predecimal series. A potent illustration of the powerful potential of predecimal coins, this 90-year-old overdate threepence demonstrates that, where extreme rarity is apparent, the grade is irrelevant. Although the 1922/21 3d is usually found in poor condition, with a shallow strike and high circulation rendering most well worn, Australia’s most desirable overdate type has soared in value in recent times, with a Very Good example jumping from $1,750 to $10,000 since 2002!
And in good Very Fine! Rare in any grade…
1
lity!y!
The rarest, most sought after date in the 1911-64 Halfpenny Series, the 1923 Halfpenny is seldom available to collectors in premium grade. A tremendously rare example, we have the 1923 Halfpenny available in stunning about Extremely Fine!
With the 1923 Halfpenny known by a mere 15,000 examples, it stands to reason that this coin would be scarce across all grades – and extremely rare in the upper echelons of quality. The object of desire of investor and collector alike, the leading light of the 1911-64 Halfpenny Series has been the focus of constant demand in the last decade, with increased competition leading to an escalating market value.
Nowhere has the rise in value been more apparent than in premium condition. If you had acquired this key predecimal type in VF in 1999, you would have paid $1,650, with an EF example setting you back $4,500. Now, with an ongoing scramble for the few high-grade examples on the market, a 1923 Halfpenny in VF catalogues at $4,750, with an EF coin soaring to $18,500! Although elusive, and notwithstanding the jump in value, the 1923 Halfpenny remains within the reach of those looking for a serious investment at a reasonable price.
An exceptional coin, in the seldom seen grade of about Extremely Fine, the one 1923 Halfpenny we have available will be snapped up instantly.
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
Highly Important Coins & Banknotes Highly Important Coins & Banknotes
Page 6Page 5
www.downies.comwww.downies.comwww.downies.com Downies advises to discuss investment matters with a qualifi ed fi nancial planner or consultant
May 2012
It may have been struck in Brazil, and it may have been issued in the name of the King of Portugal, but you could scarcely conceive of a more important coin in the context of Australian
history than the Gold Johanna. Given the highest value of any coin included in Australia’s first official currency system, established by Governor Philip Gidley King in 1800, this large, majestic gold crown is truly ‘the Prize of the Proclamation’.
Despite the fact that the Johanna (denomination 12,800 reis) was produced for little more than a decade, this spectacular gold coin was widely accepted as a trade coin and circulated across the globe for many decades – including in the Australian colonies. Comprising nearly one ounce of gold, the Johanna was one of the most important coins in the wild mix of foreign currency utilised in the embryonic colonial economy, and was a natural inclusion in Governor King’s Currency Proclamation. The highest denomination of any coin on the list displayed at the government stores in Sydney and Parramatta in November of 1800, the Gold Johanna was given a value of £4.
Highly sought after for its profound beauty and extreme rarity – in part due to extensive re-melting programs in later years – the Gold Johanna’s importance as a component of Australia’s first official currency system has ensured strong ongoing demand in Australia. A stunning opportunity to own a perfectly preserved example of this illustrious, excessively rare Proclamation coin, we have the very last date of the short-lived 1722-32 Gold Johanna Series in stock – in immensely rare Uncirculated quality!
Struck at Minas Gerais – the heart of the great Brazilian Gold Rush of 1693 – this superb example has been officially slabbed and graded at MS61 (equivalent to Uncirculated) by Numismatic Guaranty Corporation. Seldom seen in this immaculate state of preservation, the 1732M Gold Johanna offers you the chance to enhance your collection or portfolio with a truly great Australian rarity.
The Prize of the ProclamationThe Gold Johanna – in strictly Unc quality!
Portugal-Brazil 1732M Gold One Johanna (NGC MS61) Slabbed UncirculatedAQ852 $12,950
1923 Halfpenny about Extremely Fine
AH874 $16,500
ADDRESS: Shop 5, Town Hall Square 464–480 Kent Street, Sydney
TELEPHONE: (02) 9299 4131 Mon–Fri 9am – 5pm Thurs until 6pm, Sat 10am – 3pm
Australia’s key halfpenny date…Immensely rare in this superb quality!
1923 Halfpenny good Very Fine
AK096 $8,950
1922/21 Threepence OverdateVery Good
AM852 $7,900
9
AK
119
As illustrated by the figures above, the 1923 Halfpenny is more than
just a collector acquisition of the highest order. Satisfying all the criteria of a sound rare coin investment – tangible, highly liquid, offering flexibility and steady capital appreciation – this iconic rarity is a lucrative long-term asset, especially in the unusually strong state of preservation seen here. With only a tiny percentage of the known examples in premium grade, the chance to secure the 1923 Halfpenny in good Very Fine represents an important opportunity for collector and investor alike.
Known by no more than 900 examples, the 1922/21 Overdate 3d is
one of the great rarities of the 1910-64 predecimal series. A potent illustration of the powerful potential of predecimal coins, this 90-year-old overdate threepence demonstrates that, where extreme rarity is apparent, the grade is irrelevant. Although the 1922/21 3d is usually found in poor condition, with a shallow strike and high circulation rendering most well worn, Australia’s most desirable overdate type has soared in value in recent times, with a Very Good example jumping from $1,750 to $10,000 since 2002!
And in good Very Fine! Rare in any grade…
1
lity!y!
The rarest, most sought after date in the 1911-64 Halfpenny Series, the 1923 Halfpenny is seldom available to collectors in premium grade. A tremendously rare example, we have the 1923 Halfpenny available in stunning about Extremely Fine!
With the 1923 Halfpenny known by a mere 15,000 examples, it stands to reason that this coin would be scarce across all grades – and extremely rare in the upper echelons of quality. The object of desire of investor and collector alike, the leading light of the 1911-64 Halfpenny Series has been the focus of constant demand in the last decade, with increased competition leading to an escalating market value.
Nowhere has the rise in value been more apparent than in premium condition. If you had acquired this key predecimal type in VF in 1999, you would have paid $1,650, with an EF example setting you back $4,500. Now, with an ongoing scramble for the few high-grade examples on the market, a 1923 Halfpenny in VF catalogues at $4,750, with an EF coin soaring to $18,500! Although elusive, and notwithstanding the jump in value, the 1923 Halfpenny remains within the reach of those looking for a serious investment at a reasonable price.
An exceptional coin, in the seldom seen grade of about Extremely Fine, the one 1923 Halfpenny we have available will be snapped up instantly.
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton
CALL (02) 9299 4131 to speak to our Rarities expert David Jobson 1300 789 847 to speak to our VIP Client Liaison Jessica Templeton