The Perth Mint of Australia has announced the release of the desirable Australian Gold Proof Sovereign for 2012.
The coin features Ian Rank-Broadley’s famous portrait of Queen Elizabeth II on the obverse and the Coat of Arms of the Australian Commonwealth on the reverse.
Struck in 22 Carat Gold, the coin is minted to a similar specification as the sell-out 2012 UK Diamond Jubilee Gold Proof Sovereign, with a weight of 7.98g.
Whilst the UK Gold Proof Sovereign was limited to 5,500, this Australian equivalent has a mintage limited to less than half that, only 2,500 coins will be issued.
Gold Sovereigns were originally struck in Australiain the 19th and early 20th centuries in very large numbers at mints in Melbourne, Sydney and Perth to take advantage of the locally mined gold. After a 78 year gap, the Perth Mint began minting Australian Gold Sovereigns again in 2009, which has proven a wise decision as their popularity has grown year-on-year since then.
Increased numismatic demand, heightened by the momentous Diamond Jubilee celebrations has already seen a number of sell out successes from the Perth Mint in the last few months. This demand, combined with the limit of just 2,500 and their already well established popularity means it is not too hard to foresee this piece also selling out in short order.