1921 Melbourne Sovereign PCGS MS64
Among early 20th-century sovereign melt rarities, the 1921 Melbourne is second in rarity only to the famed 1920 Sydney. Struck in small numbers as paper gold certificates were gaining mainstream acceptance, most surviving examples remained in bank reserves through the 1920s and 1930s before being melted when the gold standard ended. Today, the date is extremely rare, typically appearing on the market only once or twice a year across all grades. This coin is tied for the finest-graded by PCGS (2/26), and is one of only two we have handled at this level in the past twenty years. It is sharply struck, with a crisp mintmark and strong detail in the horse’s mane, complemented by clean fields and full lustre, making it an ideal choice for the connoisseur, investor, or numismatic specialist. Ex the Caranett Collection, dispersed in 2020. 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).