1930 Penny, with a complete central diamond, and traces of the seventh and eighth pearls. As such, one of the best.


1930-Penny-Very-Fine-rev-May-2020
1930-Penny-Very-Fine-obv-May-2020
1930 Penny, with a complete central diamond, and traces of the seventh and eighth pearls. As such, one of the best.
COIN
1930 Penny, with a complete central diamond, and traces of the seventh and eighth pearls. As such, one of the best.
QUALITY
Good Very Fine
PROVENANCE
Private Collection Sydney
PRICE
$65,000
COMMENTS
This coin is for the buyer that is seeking a supreme quality 1930 Penny. On the obverse, the coin has a full central diamond and traces of the seventh and eighth pearl. The reverse is equally impressive with well-defined inner beading, crisp upper and lower scrolls and a strong '1930' date. On both obverse and reverse, the toning is even and handsome. The fields show minimal signs of circulation and are smooth and glossy. We would place this coin in the top 5 per cent of surviving examples. Now, it is a fact that the most frequently sighted 1930 Penny is a well circulated Fine. This coin, at Good Very Fine, is at least five grades higher. A 1930 Penny at this quality level would be offered on the market, perhaps once every few years. And this great coin rarity is available now. Already have a 1930 Penny? Then consider trading it back as part-payment on this stunning coin.
STATUS
Sold May 2020
1930-Penny-Very-Fine-obv-May-2020
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1930-Penny-Very-Fine-Tech-Reverse-May-2020

Reverse with strong upper and lower scrolls, well defined inner beading and handsome toning.

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

Obverse with full central diamond and traces of the seventh and eighth pearl. 

Examining a 1930 Penny is a three-point process. Start off by scrutinising the coin in the flesh using just the naked eye. A truly great coin will always look good to the unaided eye.

This coin has strong edges, the upper and lower scrolls are strong. The obverse and reverse fields are reflective and very smooth. Even handsome brown toning. Moving the obverse through the light you see the central diamond and a complete lower band of the crown. You also observe the strong design details of the monarch's robes.

Secondly, pick up a magnifying glass to examine the technical details, the diamond and the pearls, to re-confirm its technical grading.

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

This coin has a full central diamond that leaps out and knocks you in the eye. The oval to the left of the central diamond is intact. With most 1930 Pennies the oval is only partially evident.

With respect to the obverse, the central diamond and the seventh and eighth pearls to the left of the crown are design ‘high points’. There are traces of the seventh and eighth pearl and their presence places this 1930 Penny in the ‘extremely rare’ category.

And lastly, take another look 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.

One of the prime reasons for the popularity of the 1930 Penny is its financial reliability. It is a solid coin. And in times such as we are experiencing in 2020 with worldwide financial upheavals, this genuinely counts.

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.

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.

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.

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.

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

1930-Penny-relative-quantities-chart-May-2020
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