1930 Penny


1930-Penny-good-Fine-Rev-May-2020
1930-Penny-good-Fine-Obv-May-2020
1930 Penny
COIN
1930 Penny
QUALITY
Good Fine
PROVENANCE
Jaggards Sydney 1985, Private Collection N.S.W.
PRICE
$24,500
COMMENTS
This 1930 Penny was acquired for $5100 in 1985. The purchase was driven by emotion, reviving memories of a youth spent during Australia's decimal currency changeover, when absolutely everyone was participating in the search to find that elusive 'copper' rarity. So proud of his purchase, he even kept the receipt. Thirty-five years later, our client has decided it's time to realise on his investment and pass the pleasure of ownership to another collector. This 1930 Penny is graded Good Fine on both obverse and reverse with six pearls and evidence of one side of the central diamond. The edges are strong and the toning a handsome, even chestnut brown. The coin is advantageously priced and is available now at $24,500. Technical shots are included in our presentation.
STATUS
Available now
1930-Penny-good-Fine-Obv-May-2020
Enquire Now
1930-Penny-good-Fine-Tech-Reverse-May-2020

1930 Penny reverse with strong edges and strong '1930' date.

Australia’s 1930 Penny is legendary, and its star status has made it one of Australia’s most popular rare coins.

Officially the 1930 Penny was never struck and a review of minting records at the Melbourne Mint confirms that no pennies were struck for circulation in that year.

But as we now know. A small quantity of pennies was issued by the Melbourne Mint with the estimate mintage being 1000 – 1500.

And while many theories have been put forward as to how the error occurred, no one really knows how and why.

That no one has a definite answer only adds to the romance and the mystery that has shaped the image and profile of Australia’s 1930 Penny.

Unrivalled for popularity, the coin enjoys a constant stream of demand unmatched by any other numismatic rarity.

 

1930-Penny-good-Fine-Tech-Obverse-May-2020

1930 Penny obverse with six pearls and partial central diamond.

It is an industry phenomenon, for in a market that is quality focused it is interesting to note that the 1930 Penny is keenly sought irrespective of its quality ranking.

And growth over the mid to long term has been significant across all quality levels.

The 1930 Penny was selling for £50 in the 1950s. A decade later, by decimal changeover, the coin was fetching £255 ($510).

By 1988, Australia's Bicentenary, the 1930 Penny had reached $6000.

By the turn of the century, with interest in coins stimulated by the Sydney Olympics, 1930 Penny prices had moved to $13,000.

And with a 100th anniversary just a decade away, the push to acquire Australia’s favourite Penny is already on.

 

Enquire now

Browse & Buy
Recent Sales
Latest Catalogue
News & Views
CONTACT

PO Box 1060 Hawksburn Victoria Australia 3142

© Copyright: Coinworks 

BE INFORMED

Discover new coins and collections added weekly.
Please provide your first name
Please provide your last name
You must provide an email address
I am not a robot is required