Australian collectors just love their pennies, and have indulged their passion for more than sixty years … whether it’s the round copper classic such as the 1930 Penny. Or the square cupro-nickel option seen in the Square Penny.
If the time is now for you to indulge your Square Penny passion then you could not go past this quality 1921 Square Penny. Square Pennies are not always available (seen at auction, perhaps once every year) and certainly not to the quality level of this particular piece.
The swell of popularity for the Square Penny 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?
Between 1919 and 1921, the Australian Government undertook trials to replace the traditional round copper penny with a square shaped cupro-nickel coin. To add a distinctly Australian flavour to the nation’s coinage, the Government chose a kookaburra design.
Prototypes were produced during the years 1919 to 1921 during which time the Melbourne Mint issued eleven different penny designs, involving a total production of about 200 coins. They were passed to officers of Treasury, Parliamentarians and members of the public to test reaction and to encourage acceptance.
The response was generally poor, the public showing a resistance to change, and the elderly rejecting their diminutive size.
The kookaburra coins never went into production, the only tangible evidence of the Government’s grand scheme the prototypes struck between 1919 and 1921.
Shape, innovative metal, history and rarity … they have all combined to make the Square Penny one of Australia’s most popular rare coins.