1852 Adelaide Pound Type II Lustrous nUNC

1852 Adelaide Pound Type II Lustrous nUNC

Regular Price $30,000.00

Australia's First Gold Coin!

During the gold rush of the mid 1800's thousands of men left South Australia in search of their fortune in the gold fields of Victoria taking with them currency in the form of gold sovereigns. As a result huge economic stress was apparent throughout South Australia with many mines closing.

On the 28th January 1852 desperate to boost its failing economy the Bullion Act of 1852 was passed. The act allowed the formation of the Adelaide Assay Office assigned to assessing the purity weight and characteristics of gold purchased from the Victorian gold fields. As an incentive for the miners to bring their gold to South Australia the assay office offered a higher price per ounce than those in Victoria.

To overcome issues of an unpopular ingot an amendment was made to the act allowing ten shilling one two and five pound gold piece to be struck by the Government Assay Office in Adelaide. 

In a rush to produce the coins the first of the designs by engraver Joshua Payne failed with around 50-100 coins exhibiting a severe die crack on the reverse side at about 12 o'clock. This is now known as the Adelaide Pound Type I.

A new die was quickly produced to replace the cracked die with the only major change being a crenellated inner circle on the reverse instead of the beaded inner circle of type 1. This is known as the Adelaide Pound Type II. 

24 648 Type II's were struck but it is believed only a small percentage actually circulated as it was quickly discovered that the coins had almost two shillings of intrinsic gold value above the the one pound and were soon withdrawn and or melted by profiteers or official decree. 

This Adelaide Pound Type II that we are offering exhibits a rarely seen beautiful, full cartwheel lustre, some cabinet friction, very sharply struck else nearly uncirculated condition. 

  • Provenance - Sold by M.R.Roberts' Wynyard Coin Centre c.1983 to a private collector 
  • Condition: Sharply struck, full cartwheel lustre, superb rims, Lustrous nUNC
  • Seen Elsewhere Priced @ $39,500.00, Catalogue Value $45,000.00

Refund policy


We will endeavour to dispatch orders as soon as possible, please allow 2-3 weeks for delivery within Australia and 4-6 weeks overseas.

We requires full payment with order, plus all shipping/postage charges before we dispatch any goods.

All shipping/postage (including insurance) costs are subject to change without notice.

*Shipping charges for Australia is a flat fee of $9.95, except EQL launches, heavy items such as coin rolls, books, accessories and large quantities of coins and banknotes which will be charged at current Australia Post charges. We will advise you of these costs before shipping.

EQL Launches/New Releases. The regular Flat fee ($9.95) does not apply to EQL Launches. Shipping charges for EQL new releases will differ and this rate will be advised at the time of entry.

Free Shipping: On orders $350.00 and over made in one transaction for delivery within Australia only.

Free Express Upgrade: Domestic Australian orders over the value of $1000 will automatically upgrade to Express Post at no additional expense.

Overseas shipping charges as follows; orders up to 1kg;

  • New Zealand - $25.00
  • South Pacific - $30.00
  • Asia - $35.00
  • North & South America - $40.00
  • Europe - $45.00

International orders over 1 kilogram, please contact us for shipping and insurance charges.


Wynyard Coin Centre will attempt to exchange (if available) or provide a refund for any items delivered damaged or unsatisfactory when returned in original, undamaged condition with all product components as supplied within 14 days of receipt.

Cancelled items/orders for customer change of mind or return without major problem (in original condition) will be refunded less postage charges and any merchant fees (PayPal 2.6%, VISA/Mastercard, Shop Pay, Apple Pay & Google Pay 1.6% + $0.30) associated with accepting the original payment within 28 days of purchase. 

Added To Cart :
Add To Cart Failed :
prouduct successfully added to wishlist !