This Proof Penny was especially struck in 1927 at the Melbourne Mint as a limited mintage collector piece and is one of perhaps four privately owned.
The quality of this particular proof penny is a further refinement on its rarity for we rate this coin highly. The coin retains its original copper brilliance (particularly on the reverse) which is very rarely seen in coins out of this era. It would be hard to improve upon its quality.
The striking of ‘collector’ coins - better known as proof coins - in Australia is not a modern day phenomenon. Nor a product of the decimal era.
The nation’s mints were striking proofs of our pre-decimal coinage in the nineteenth and twentieth centuries and the intention was then, as it is today, to create limited mintage collector coins struck to the highest quality standards. But with two very glaring differences. The mintages more than a century ago were minuscule. And their striking was sporadic.
The quality and the rarity of pre-decimal proof coins in today’s market is the very reason why they have become the choice of both collectors and investors.