A remarkably well-preserved example of one of the first sovereigns to be struck on Australian soil.
Type I sovereigns were only struck at the Sydney Mint from 1855 to 1856 and remain elusive to many collectors and investors alike. Their rarity comes as a direct result of relatively low mintages and an extremely low survival rate.
Many of the early Sydney Mint sovereigns were melted down once the public were made aware that the intrinsic value of the Australian sovereigns were greater than that of their British counterparts.
This example if the 1856 Sydney Mint Type I sovereign would make for a beautiful centerpiece for an astute buyers collection.