1931 Three Penny PF63 NGC Graded and Slabbed

ref: 29 07 2016

OUR CHOICE NUMISMATIC OFFER

1931 3 PENNY - PROOF

GRADE ON OFFER:

PF 63  - ONE ONLY AVAILABLE AT THIS GRADE

1931_Three_Penny_PF63_NGC_Graded_and_Slabbed

Actual coins and multiples where applicable - coin image may be generic where necessary

HISTORICAL EVENTS AT THE TIME UNION COINAGE WAS IN USE

Only 128 tickeys (three- pence pieces) were made in 1931 because it was amid the Great Depression and there wasn’t a need for coins. In addition, only 66 of them could have ended up in the ordinary man’s pocket. The remaining 62 were minted as part of proof sets – highly polished sets, which include all the coins struck that year.  Many of those in circulation were never found.

Up to 1960, South Africa used the British system of 12 pennies to a shilling and 20 shillings to a pound (240 pennies to the pound). this coinage system dominated South Africa for more than a century as Lord Charles Somerset issued an ordinance as far back as 6 June 1825 declaring British Sterling as legal tender at the Cape (Arndt, 1928). This was part of a process to introduce a uniform monetary system for the British Colonies at the time. A shortage of coins nevertheless delayed this process for several years, but after 1848, only coins of the Sterling series were accepted. These coins became firmly entrenched throughout the whole of South Africa and even the Kruger coins, minted in the Transvaal Republic during 1892 to 1900, conformed to the British system (Engelbrecht, 1987).Source: Francois Malan

THE CURRENT CATALOGUES' INDICATIVE VALUE IS: 

R 260 000

OUR CHOICE NUMISMATIC OFFER

R 250 000

TO RESERVE
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THIS SPECIAL EXPIRES IN ONE WEEK ON 5th AUGUST 2016
 OR  subject to availability.

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