QUEEN VICTORIA 9ct gold SET IN RING

QUEEN VICTORIA 9ct gold SET IN RING

At the time when Sir Thomas Brock’s Veiled Head design was introduced, the nation was in the firm grip of economic depression. Much of the foreign capital that had been invested in the great Australian land boom was being repatriated, and this outward flow of capital was driving many respected banks to collapse. Although by 1893 the volume of banking failures was easing from a rush to a trickle, the economic hardship that the depression caused the average Australian during the last years of the Victorian era was compounded by the beginning of a drought that affected the entire nation. Needless to say, a sovereign during this period had a high value indeed, accounting for at least half a week’s wages for the average man. This design was to continue with Queen Victoria until her death in 1901.
Again a small number of two and five pound issues, dated 1893, were struck at the Sydney mint for the selected few. They are also considered extremely rare
Two years before Victoria's death during her record reign of 63 years, another London branch mint was established in Perth. The mintmark, "P" on all subsequent Perth sovereigns and half sovereigns can be found in the same place designated for the Sydney and Melbourne coins of the same period. Value of this ring is more than R10000.00