Owning the Kookaburra Square Halfpenny is like having the winning numbers in ‘lotto’. It’s the coin that will ultimately deliver you a windfall.
The key to its success is its limited availability. And the imbalance in the numbers between the Halfpenny and Penny. The Kookaburra Halfpenny is of the highest rarity with perhaps thirteen known. Compare that to the Square Penny where approximately two hundred are believed to exist.
Its inherent rarity has made it extremely popular. And it is the forces of demand working against limited supply that has underpinned its long term growth pattern.
We have sat back and observed market activity in the Square Penny and Halfpenny series over the last four years.
We have seen the Square Halfpenny sell at auction for very heady prices, buyers allowing their emotions to override their investment head. We are also aware that Square Halfpennies have exchanged hands on the private market for prices well in excess of $200,000. Levels that we do not believe offer value for money.
What we do know is that when the 1921 Square Halfpenny is priced in a 2:1 ratio to the 1921 Square Penny it presents brilliant buying and is in our opinion priced to embrace capital growth.
Having offered – and sold – the 1921 Square Penny for $58,000 in our last E Catalogue, we are extremely comfortable in offering this 1921 Square Halfpenny to our clients for $115,000.
The swell of popularity for the Square Penny and Halfpenny began in the 1950s. The demand for the coin continues to this day and that’s particularly comforting for new buyers making their first foray into the rare coin market.
Is it the novel shape or the innovative metal? Or is it the history? Or is it their rarity and record of capital growth?
Between 1919 and 1921, the Australian Government undertook trials to replace the traditional round copper penny and halfpenny with a square shaped cupro-nickel coin. To add a distinctly Australian flavour to the nation’s coinage, the Government chose a kookaburra design.
Shape, innovative metal, history, rarity and growth … all factors that have combined to make the Square Penny and Halfpenny series one of Australia’s most popular and successful issues.