1893 Melbourne Veiled Head Sovereign PCGS MS63

Of all the Veiled head sovereign dates across the Australian sovereign series, the 1893-M is, in my view, the hardest. Like the 1893-S Veiled head, it appears infrequently on the market in genuine Mint State, and, unlike the 1899-P, trades at a consistent premium to the UNC catalogue price (between $900 and $1,275, depending on the guide). In fact, Spink suggests a catalogue value of only £500 for an UNC example, and I’d pay 50% more than that to buy one in wholesale! The example photographed above, graded PCGS MS63, is a full point better than the average grade of a Veiled head sovereign (calculated to be 61.98 on the 26th December 2013). It is also the single second-finest graded by PCGS, with only one example graded finer at MS64. And it’s price? Well, a common-date or generic MS63 Veiled head trades at between 2.2 and 2.5 times over an MS62. This would put a value of the 1893-M in MS63 between $4,300 and $4,900. An additional premium should be added because the 1893-M is a key date. I feel this is a reasonable price range considering its date and condition rarity, and have priced the coin up accordingly. For more information, please call +61 421 229 821 to discuss. 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). Of all the Veiled head sovereign dates across the Australian sovereign series, the 1893-M is, in my view, the hardest. Like the 1893-S Veiled head, it appears infrequently on the market in genuine Mint State, and, unlike the 1899-P, trades at a consistent premium to the UNC catalogue price (between $900 and $1,275, depending on the guide). In fact, Spink suggests a catalogue value of only £500 for an UNC example, and I’d pay 50% more than that to buy one in wholesale! The example photographed above, graded PCGS MS63, is a full point better than the average grade of a Veiled head sovereign (calculated to be 61.98 on the 26th December 2013). It is also the single second-finest graded by PCGS, with only one example graded finer at MS64. And it’s price? Well, a common-date or generic MS63 Veiled head trades at between 2.2 and 2.5 times over an MS62. This would put a value of the 1893-M in MS63 between $4,300 and $4,900. An additional premium should be added because the 1893-M is a key date. I feel this is a reasonable price range considering its date and condition rarity, and have priced the coin up accordingly. For more information, please call +61 421 229 821 to discuss.