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Friday, 7 October 2016

Straits Settlements 1894 50 cents NGC AU Details







Auctioneer: 

St. James's Auctions Ltd (Auction 38), 29/09/2016

Lot description:

Straits Settlements, Victoria, 50 cents, 1894, crowned head l., rev. value and date (KM.13), a low mintage of 52,000, cleaned, a sharp early strike with proof-like reverse, certified and graded by NGC as About Uncirculated Details Polished, rare (£1250-1500)

Sold for GBP 1,000 + 20%

Question: how to justify the so called "proof-like" reverse?