1893 Melbourne Veiled Head Sovereign PCGS MS62
Although the 1893-M Veiled head sovereign has the same catalogue value as the 1896-S sovereign in UNC, the 1893-M is a far rarer date. In fact, after the 1899-P, the 1893-M is *the* key date of the series, rare in UNC, and very scarce in the higher Mint State grades. Unlike the 1893 London, which has been graded up to as high as PCGS MS66 (November 2013), the 1893 Melbourne was never put aside in sets or the like, so the number of coins that exists in Mint State must be limited. Even in the lower Mint State grades, such as MS62, the coin is very scarce. Catalogues $1,275 in UNC in McDonald, but this severely underrates the date. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale). Although the 1893-M Veiled head sovereign has the same catalogue value as the 1896-S sovereign in UNC, the 1893-M is a far rarer date. In fact, after the 1899-P, the 1893-M is *the* key date of the series, rare in UNC, and very scarce in the higher Mint State grades. Unlike the 1893 London, which has been graded up to as high as PCGS MS66 (November 2013), the 1893 Melbourne was never put aside in sets or the like, so the number of coins that exists in Mint State must be limited. Even in the lower Mint State grades, such as MS62, the coin is very scarce. Catalogues $1,275 in UNC in McDonald, but this severely underrates the date.