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2009 1852 Adelaide Assay Office Gold Ingot (Subsciption Coin) $5.00 Below issue Price

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Price:
$115.00
Weight:
220.00 Grams
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Product Description

2009 1852 Adelaide Assay Office Gold Ingot
$5.00 Below Issue priceof $120.00
The Royal Australian Mint has invited Numismatic Societies around Australia to take part in its prestigious Subscription coin program. The assignment means that members of the Australia’s Numismatic Societies will choose a coin, research the history and come up with a design for the relevant year of the Subscription coin series. The Numismatic Society of South Australia is the first participating society in the program and has chosen the 1852 Adelaide Assay Office Gold Ingot for replication in 2009. The gold ingots were produced by the Adelaide Assay Office to overcome the financial crisis in the Colony of South Australia. These ingots were only produced between March and November 1852 and were the first gold legal tender medium of exchange in Australia. Prized by collectors, few originals exist today, with less than a dozen original Adelaide ingots thought to have survived. The originals have an estimated market value of over $500,000 each. With an economy in recession due to drought and unemployment, the crisis was compounded by the gold rush in Victoria. The gold “won at the diggings” was brought back to Adelaide where it could be processed, assayed and made into ingots to provide the necessary injection of funds needed by the Colony. The ingots produced by the Adelaide Assay Office were often irregular in shape and different in weight, shape and even colour. No two were the same shape with some being almost rounded while others were rectangular in shape. On average, the dimensions were about 50 x 25 mm. The calculations hardly made them easier to use than raw gold.
 
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