1919 Square Penny Type 3

Name: Coinworks
Address: Suite 17, 210 Toorak Road, South Yarra, VIC, 3141
Telephone: 03 9642 3133

13745-1919-Square-Penny-Type-3-Rev-February-2018

COIN

PRICE

$55,000

STATUS

Sold February 2018

QUALITY

Choice Uncirculated

PROVENANCE

Private Collection Victoria

COMMENTS

Over the last forty six years, we have sold six examples of the 1919 Type 3 Square Penny, this coin being one of them. And that's not sales per year. That is the total number of coins sold over a period of forty-plus years. When you take on board the text relating to the 1919 Type 5 and 1919 Type 6 Square Pennies it is clear that the Type 3 is the more readily available out of those coins struck in 1919. And that's completely OK. The coin is still extremely rare in the market place (compare it to the availability of the 1930 Penny) but comes at a price that is palatable for the majority of collectors. To add further to its appeal, the Type 3 has a unique design. No other Square Penny bears the kookaburra design of the Type 3. This Type 3 Square Penny has superb quality traits: proof-like surfaces and pale toning: the very reason why it was displayed in Melbourne in 2007 at the ’Kookas in the Cathedral’ Exhibition.

Enquire Now

A fascination with the Square Kookaburra coins took one of our clients on a journey that lasted for decades. As a country Victorian he was particularly engaged by the kookaburra design.

Given the rarity of the coins involved, he enjoyed the challenge that the series presented. He also knew that he could space his purchases over a considerable number of years.

A builder by profession, an eye for exactness was required in his trade. That skill was put to good use in the selection of his coins for all of the pieces on offer are superb for quality, with pieces such as this Type 11 one of the finest we have seen or handled.

It is a fact that the Kookaburra coins are particularly difficult to find in premium quality. The reason is simply that the coins were test pieces and were not struck to the exacting standards of proof coining.

Given to dignitaries to assess their reaction, there was no packaging and we know that not every dignitary was a collector and would have handled them with the utmost care.

Some of the coins must have been tucked into a fob pocket for they have circulated. Others could have rattled around a top drawer. Or been passed around to colleagues ... introducing a multitude of chances for mishandling.

The Square Penny and the Square Halfpenny was brought to the attention of the Australian collector market in 1954 when Sir Marcus Clark O.B.E. sold his extensive collection of Australian coin rarities.

It is on record that his 1921 Square Penny and 1921 Square Halfpenny sold for £36. Even more interesting is that in the same auction an Extremely Fine Ferdinand VII Holey Dollar sold for just over twice that amount at £72 10/-. (The Holey Dollar is now a $450,000-plus item.)

The popularity of the kookaburras continued throughout the 1960s with extensive reporting of their appearances occurring in the then industry magazine, The Australian Coin Review.

Strong collector and investor interest in the Square Kookaburras continues to this day.