1927 Proof Penny
1927 Proof Penny
COIN
1927 Proof Penny
QUALITY
FDC
PROVENANCE
Madrid Collection, Private Collection Mansfield
PRICE
$ 45,000
COMMENTS
This 1927 Proof Penny is an exceptional quality proof coin, sharply struck with much original copper brilliance. (Even a hint of brilliance in a coin out of this era is highly regarded) Furthermore it is rare.
SOLD
March 2015
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This 1927 Proof Penny is an exceptional quality proof coin, sharply struck with much original copper brilliance. (Even a hint of brilliance in a coin out of this era is highly regarded) Furthermore it is rare. We researched the number of Proof 1927 Pennies that have come up at auction over the last forty years and can confirm that only four examples have been sighted; this coin one of the finest.

So why is this 1927 Proof Penny so special? And why don’t we see more of them popping up?

This Proof 1927 Penny is an archival record piece. Never intended to be used, or sold to collectors, its purpose was to record the mint’s coining achievements in 1927 by the creation of one stunning showpiece coin: a magnificent model piece.

The coin was also used to showcase the mint’s coining skills by being on show at Exhibitions or sent to other minting institutions that came under the Royal Mint umbrella.

The production of proofs in this era necessitated a ‘kid-gloves’ approach and was labour intensive: hence the limited numbers struck.

  • The blanks were hand-picked, highly polished to produce a coin that has a mirror shine and ice-smooth fields.
  • The blanks were hardened and brushed to ensure that the design was sharp and almost three-dimensional in its appearance.
  • The dies were struck twice to create a sharp, well-defined design.
  • The rims encircling the coins were always high, creating a picture frame effect and encasing the coin. The pristine nature of the striking is particularly evident in the denticles. They are crisp and uniformly spaced around the circumference of the coin.

This 1927 Proof Penny is a rare opportunity to acquire an important piece of Australia’s minting history.

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