The 1931 Perth sovereign is the final date in Australia’s gold sovereign series. As sovereign production declined in the dying days of the gold standard, so too did sovereign mintages. In fact, the 1931P sovereign has a mintage of just 1,173,567 pieces, which is lower than the mintage figures of several rarer dates, like the 1904 and 1911 Perth. Unlike those dates, though, most 1931P sovereigns were stored as reserves or exported as bullion, and very few, if any, saw circulation. (As a matter of fact, there were no 1931P sovereigns in the Reserve Bank of Australia sovereign auction, so possibly all of them left our shores.) Today, the 1931P sovereign is a common coin in high grade, with hundreds of coins graded by PCGS, and 87 pieces in MS64 or finer (11/20). Multiple coins have been awarded plus grades for superior eye appeal, and two coins have graded MS66+.
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