This particular proof has only been through two collector’s hands over the last thirty-plus years. Owned by a US collector (for decades), it was acquired by us in 1998, sold to a Sydney collector and has remained in the same holding for the last thirteen years.

It is a superb quality Proof Canberra Florin and the pattern of long term holding goes hand-in-hand with choice quality coins.

The popularity of high quality 1927 Proof Canberra Florins (and their limited availability) underpinned a new auction record in September 2010. The record didn’t hold for long. It was superseded in March of this year re-affirming the coin’s popularity and firmly supporting its current price level of $60,000.

As a summary on this coin:

• The 1927 Proof Canberra Florin is an extremely popular high profile proof with an impressive record of growth. Recent results re-affirm the coin’s continuing popularity.
• It also is rare. Natural attrition has taken its toll on the original mintage of 400. While we would expect to sight maybe one or two on the open market annually, setting high quality standards will lengthen the waiting time.
• It is superb for quality with brilliant mirror fields, handsome purple/grey toning. Visually it is stunning.
• The 1927 Proof Canberra Florin is an historically important coin, struck by the Melbourne Mint to test the waters of commercial proof coin production. This exercise, to determine the viability of selling proofs to the public, occurred in eight years only between 1916 and 1953 and led to the current coining series taken up by the Royal Australian Mint in 1966 – and which continues today.

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