The 1892 Proof & Circulated Sets

UNDERSTANDING
"NO GRADE"

A guide to the states of condition that can cause a coin to be rejected for NGC certification.
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The 1892 Proof & Circulated Sets

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COIN STATS: 1892 PENNY/ 1D		COIN STATS: 1892 TICKEY/ 3D
CIRCULATED Year: 1892 Mintage: 27,862 Metal: Bronze	PROOF Year: 1892 Mintage: 10-12 Metal: Bronze	CIRCULATED Year: 1892 Mintage: 24,300 Metal: Silver	PROOF Year: 1892 Mintage: 35-40 Metal: Silver
COIN STATS: 1892 SIXPENCE/6D		COIN STATS: 1892 SHILLING/ 1/-
CIRCULATED Year: 1892 Mintage: 28,300 Metal: Silver	PROOF Year: 1892 Mintage: 40-50 Metal: Silver	CIRCULATED Year: 1892 Mintage: 129,627 Metal: Silver	PROOF Year: 1892 Mintage: 40-50 Metal: Silver
COIN STATS: 1892 2 SHILLINGS/ 2/-		COIN STATS: 1892 2 Â½ SHILLINGS/ 2/6
CIRCULATED Year: 1892 Mintage: 55,206 Metal: Silver	PROOF Year: 1892 Mintage: 50-60 Metal: Silver	CIRCULATED Year: 1892 Mintage: 16,300 Metal: Silver	PROOF Year: 1892 Mintage: 50-60 Metal: Silver
COIN STATS: 5 SHILLINGS/ 5/- DOUBLE SHAFT		COIN STATS: 5 SHILLINGS/ 5/ - SINGLE SHAFT
CIRCULATED Year: 1892 Mintage: 4,327 Metal: Silver	PROOF Year: 1892 Mintage: 25-30 Metal: Silver	CIRCULATED Year: 1892 Mintage: 14,000 Metal: Silver	NB: Beware of altered double shaft (single to double).
COIN STATS: HALF POND/ Â£1/2 DOUBLE SHAFT		COIN STATS: POND / Â£1 DOUBLE SHAFT
CIRCULATED Year: 1892 Mintage: 10,150 Metal: Gold	PROOF Year: 1892 Mintage: 20-25 Metal: Gold	CIRCULATED Year: 1892 Mintage: 15,650 Metal: Gold	PROOF Year: 1892 Mintage: 10-12 Metal: Gol
STATS: EEN POND/ Â£1 SINGLE SHAFT
CIRCULATED Year: 1892 Mintage: Not Known Metal: Gold
FORGERIES: - 1892 Two Variety Part of top loop of 9 is missing at 7o'clock. Final upstroke at bottom of two is irregular. - 1892 Wagon Variety Uncirculated condition, but flat strike and field is too good for the design. Coin appears to have been reproduced from a VG/F coin. Wagon and anchor not distinct.tinct.

NB: Although the single shaft is correct and the double shaft incorrect, the single is scarcer than the double shaft. Beware of double changed to single. Shaft of single shaft is must be in the centre of the wagon. Front wheel is smaller than the back wheel.

1892 PROOF COINAGE
The proof coins with their mirror-like surface are clearly distinguishable from normal issue coins. Some are more problematic and additional information is listed on those:

- POND - DOUBLE SHAFT (10-12)
There are some particularly good strikings of the Pond on semi-proof blanks. The lettering on these coins is also proof-like. The test here is that the fields, although much brighter than ordinary circulation issue coins, are not as mirror-like as on the proof coin.

- HALF POND - DOUBLE SHAFT (20-25)
The mirror-like field and frosted design of the proof half pond is such that there is absolutely no mistaking it as a proof.

- FIVE SHILLINGS - DOUBLE SHAFT (25-30)
Letters are crisp and fields are mirror-like. Crispness means the sharpness on either side of each letter similar to the blade of an ice-skate. Proof-like coins are similar to Special Select and fields not quite as bright as proof.

- HALF CROWN (50-60)
Letters are crisp and fields are mirror-like.

- TWO SHILLINGS (50-60)
Letters are crisp and fields are mirror-like.

- SHILLING (40-50)
Letters are crisp and fields are mirror-like.

- SIXPENCE (40-50)
Letters are crisp and fields are mirror-like.

- TICKEY (35-40)
Letters are crisp and fields are mirror-like.

- PENNY (10-12)
Choice uncirculated pennies of 1892 are generally so well struck that they are sometimes taken for proof coins. The features and differences between Proof and Uncirculated pennies are mainly:

REVERSE: Sharpness of the lettering. The letters on the proof coin, like on most other Kruger proofs, are extremely sharp. In fact, a cross section of the letter would look like the bottom of an ice-skate, viz. two sharp edges on either side of the letter with a very slight concave indentation between these two edges. Sharpness of the rim. The full stop on the proof coin appears to be smaller than the UNC coin.

OBVERSE: Again the first test is the sharpness
and shape of the letters. The stars of the proof coin are absolutely perfect, with no waivering of the metal at the points, as sis the case with nearly all the uncirculated coins. The sharpness of the edge of the coin is the next text. The ribs of the wagon are more pronounced and the scrolls on the shield look clearer on the proof
coin.