There is enormous pride in owning a Square Penny. It is a rare piece of Australia's coinage history with a unique and distinctive style. It has also proved to be an exceptional investment.
That we chose this particular Square Penny as one of the feature coins on our web site is testimony to its calibre. The photographs show it to be a stunning piece – and it truly is - with superb unblemished surfaces and a highly detailed design. The portrait of King George V in particular is sculptured, almost three dimensional.
Tucked away for the last nineteen years, it is one of the finest Square Pennies that we have handled.
The Square Pennies were test pieces. The intention was to evaluate them for circulation and it has to be said that there was no kid-glove handling in their manufacture.
As a consequence, Square Pennies that have perfection in their edges and that are highly reflective with strong proof-like qualities are to be savoured. They are the exception to the norm.
This Type 3 Square Penny is indeed the exception.
Furthermore the coin is rare.
The Square Pennies were struck at the Melbourne Mint over three years, from 1919 until 1921, producing an estimated 200 test pieces.
Those coins dated 1919 are extremely scarce: the 1919 Type 3 appearing at auction perhaps once every one to two years.
For the buyer considering the purchase of a Square Penny there are quite obviously a number of design options.
The Type 3 is a stand out piece for it has a kookaburra design that is unique only to the Type 3. By comparison the 1920 dated Type 7, 9 and the famous Type 10, all share the same kookaburra design.