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1930 Penny with a complete central diamond and six crisp pearls.


78772-1930-Penny-Rev-February-2024
78772-1930-Penny-Obv-February-2024
1930 Penny with a complete central diamond and six crisp pearls.
COIN
1930 Penny with a complete central diamond and six crisp pearls.
PRICE
$45,000
STATUS
SOLD 8/7/2024
QUALITY
Very Fine
PROVENANCE
Private Collection NSW
COMMENTS
This is an impressive 1930 Penny, in the top 10 per cent of surviving examples, with a grading of Very Fine. It is a classy coin. The important details such as the upper and lower scrolls, the legend and the date ‘1930’ are all prominent. And the edges, which we also consider important, are solid. Flip the coin, over and the monarch's crown shows four sides of the central diamond and six plump pearls. The oval to the left of the central diamond is almost complete. Moreover, the toning is a consistent and a handsome chocolate brown, the fields glossy and highly reflective. Technical shots are shown below in the 'Learn More' section.
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1930 Penny, Very Fine, Reverse 

78772-1930-Penny-OBV-TECH-April-2024

1930 Penny, Very Fine, Obverse

Examining a 1930 Penny is a three-point process.

Step 1 is to look at the coin in the flesh using just the naked eye.

A truly great coin will always look good to the unaided eye. And this coin is a beauty!

The reverse has strong definition in the upper and lower scrolls. The fields are highly reflective with even, handsome chestnut brown toning. The edges are solid.

The inner beading is intact, the legend 'COMMONWEALTH OF AUSTRALIA' and date '1930' are powerful.

Moving the obverse through the light you see the complete lower band of the crown. You also observe the strong design details of the monarch's robes and the minimal wear to the king's eyebrow and moustache. We also comment on the highly reflective obverse fields, the handsome chocolate brown toning and the solid edges.

Step 2 is to take up a magnifying glass and examine the coin in detail.

The eye glass re-confirms what we have seen to the naked eye ... and much, much more.

This coin has four sides of the central diamond and six crisp pearls. The oval to the left of the central diamond is almost intact.

Step 3 is to re-visit the coin with the naked eye just to make sure that you have taken everything in.

The final assessment of this 1930 Penny confirms that it is a great coin and passes our three-point assessment with flying colours.

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Four reasons why collectors love the 1930 Penny.

Reason 1. One of the prime reasons for the popularity of the 1930 Penny is its financial reliability. It is a solid coin. And this genuinely counts.

Reason 2. In fact, we would go one step further and say that over the long term the 1930 Penny has probably been one of our most consistent and trustworthy numismatic performers.

Reason 3. The 1930 Penny is as Australian as you can get. Struck during the Great Depression, the 1930 Penny is the nation’s glamour coin and is unrivalled for popularity, enjoying a constant stream of demand unmatched by any other numismatic rarity.

Reason 4. The coin 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.

Well circulated (Fine) 1930 Pennies were selling for £50 in the 1950s. A decade later, by decimal changeover, the coins were fetching £255 ($510). By 1988, Australia's Bicentenary, a Fine 1930 Penny had reached $6000. The turn of the century saw 1930 Penny prices move to a minimum of $13,000. Twenty years later prices have more than doubled.

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

 

If you want to acquire a 1930 Penny, buy one that stands out from the rest. And this coin certainly does that.

And it stands out not just because of its technical grading which is in the grey section of the pie chart below. But because it has miraculously escaped harsh treatment during its time in circulation. And that’s a total fluke!

1930 Penny Pie Chart September 2019
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