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A "Sydney Mint - Australia" 1870 22 carat gold Sovereign (Victoria), uncirculated and in absolute mint condition could fetch up to $3,650 AUD. If it has been circulated but still in good condition, it might fetch anything from $425 to $850 AUD.

Mintage is unknown.

A reputable coin dealer will be able to give a more accurate valuation.

What is often referred to as an "Australian" Sovereign or Half-Sovereign is a problem of categorisation.

British Sovereigns were minted at the Melbourne, Perth and Sydney Mints to the British pattern from 1871 to 1931 and have a Melbourne, Perth or Sydney Mint mintmark on them. These are definitely British Sovereigns, but minted in Australia (where the gold was mined from).

Sovereigns and Half-Sovereigns minted at the Sydney Mint for local use from 1853 to 1870 had "Sydney Mint" and "Australia" inscribed on them, but Australia did not exist as much more than a loose affiliation of British colonies. The loose affiliation got a little tighter in the 1890's, until Federation in 1901.

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