Australia Sovereign 1866 Restrike???

Hello guys,
I was able to purchase an Australian Sovereign with Queen Victoria. It is in a Holder from an Indian Grading Company called PCG and described as ''Restrike''.
https://www.youtube.com/shorts/eriEV_LKbkY
To me, the coin looks very well struck and not like a typical counterfeit from the 1960s. The appearance is very similar to slabbed coins I found on HA and to another specimen of my collection. So my questions to you:
1. Are there any opinions about the Authenticity?
2. What is the Grading when it comes to NGC/PCGS standards?


Thank you in advice and Greetings from Germany
Alex

 

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Nice, I've never heard of a restrike for that year, maybe it's a mistake! Looks good to me!

 

Yeah restrike doesn't sound right to me either - some old Sydney Mint dies were reused when the Sydney Mint closed but I think most of the restrikes were for two and five pound coins and other rarities.

 

But they were made officially?
Further opinions about the grading?

 

At a glance it looks real to me. I'd say almost uncirculated.

 

What is going on at the bottom of the “N” in “ONE” on the reverse?

 

I'm thinking AU53-55 range. I don't know what they mean by "restrike". Looks original to me.

So, what did they grade it?

 

Well-spotted. Maybe some rust spots? Maybe just poor die preparation? Hard to say.

 

I think this coin resides in an low MS holder.

 

Whatever happened to the two messages I posted on this topic a couple of days ago?

 

There were no 1866 sovereigns produced in Australia, the first ones were from the Sydney mint in 1871 and the Melbourne mint in 1872.

Australian sovereigns are identical to those produced by the London mint, apart from their mintmarks, S and M, freely circulated throughout the British Empire, and feature in all my reference books.
This coin appears to have a genuine obverse so the "restrike" is on the reverse only. Is this feasible?
The other question is whether the restrike was official or totally unofficial. I am inclined to think that they were not totally official, as they are not recorded in my editions of Spinks but were perhaps tolerated within Australia

 

Picked up a circulated specimen of this coin yesterday for not too much of a premium. Looks to have a doubled die obverse. Sorry quick pics aren’t great

 

Half-sovereigns and sovereigns were first struck in Australia in 1855 - it was in 1871 that the design was changed to conform with British sovereigns.
The reverse was meant to make it obvious that the sovereign was only legal tender in Australia, and the obverse (used from 1857 to 1870) was meant to be uniquely Australian, though I think a similar design was used on Canadian provincial coins.

 

Thank you guys for all these informations and opinions . I also think that the coin is genuine. I have a piece of the same year in Ms60, so I can compare.
The coin was gradet as Ms62. I think thats straight grade, but the judgement of a noname grader this nothing worth. So I decided to crack the holder. The plastic was so cheap that I could do that without any tool!