If you are interested in the precious metal value of your Australian pre-decimal coins, it is important to know the difference between coins made before 1946 and those made afterwards. In many cases, though, the historic and collectable value of these coins far outstrips their bullion value. Silver coins are an attractive investment for many reasons: they are always worth at least as much as their precious metal content, they are easy to store and quite easy to trade. This gives these coins an inherent precious metal value. Investing in Pre-Decimal CoinsĪustralia's pre-decimal coins were made using silver, with the exceptions of the bronze penny and half-penny. PR-70 is the best grade available when grading a proof coin on its own scale. Proof coins, those that are struck to test the mint's equipment and patterns, may be rated on a different scale as they will never have entered circulation. The very best collectable coins are rated as MS70 or Gem, but any grade from MS60 or Uncirculated upwards will still refer to a coin with no sign of wear.
OLD SILVER COINS FOR SALE ON EBAY FREE
Free shipping on many items Browse your favorite brands affordable prices. Australian coins can be graded on a number of different scales, which can make things confusing for collectors. Get the best deals on old silver coin lot when you shop the largest online selection at. The less wear that can be seen on a coin, the more valuable it tends to be. Some Australian silver coins from before 1910 are also of great interest to collectors, like the silver Holey Dollar and Dump which were minted between 18 in New South Wales. Some of these pre-decimal coins are exceptionally rare and valuable, although ironically the most valuable pre-decimal coins of all tend to be pennies. Of those Australian coins, the threepence, sixpence, shilling, crown and florin were all minted in silver. For collectors, Australian pre-decimal coins are those minted between 1910, when Australia's first national currency was introduced, and 1964. Most Australian coin collectors focus on the pre-decimal era of Australian coinage. The move changed pre-decimal Australian coins from legal tender into collectables. The government judged that this would save everyone time and money and voted in 1963 to adopt the new decimal system. Dollars of 100 cents each were easier to work with than pounds containing twenty shillings of twelve pence each. The move was intended to simplify Australia's currency. In came new decimal coins like the dollar, and out went Australia's pre-decimal coins like the shilling, the threepence, the sixpence and the florin. On the 14th of February 1966, Australia completed a major overhaul of its currency. Most pre-decimal coins in Australia were made from silver, and examples are still widely available today in often excellent condition. Many Australians collect pre-decimal coins, both for enjoyment and investment.