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1930 Penny with a full central diamond and traces of the seventh and eighth pearl


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50923-1930-Penny-VF-Obv-June-2022
1930 Penny, a fabulous coin with a full central diamond, six very plump pearls and traces of the elusive seventh and eighth pearls
COIN
1930 Penny, a fabulous coin with a full central diamond, six very plump pearls and traces of the elusive seventh and eighth pearls
PRICE
$60,000
STATUS
Available now
QUALITY
Good Very Fine
PROVENANCE
Private Collection Queensland
COMMENTS
This 1930 Penny is impressive and will attract the buyer that is looking for one of the very best examples of Australia’s favourite copper rarity. The coin has great eye appeal with handsome chestnut toning, crisp design details and superb edges. But, it's under the eye glass that this coin truly shines revealing the technical attributes so keenly sought in a 1930 Penny, the complete central diamond, the entire oval to the left of the central diamond, six very plump pearls, traces of the elusive seventh and eighth pearl and smooth, glossy fields that show minimal signs of circulation. 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. Already have a 1930 Penny? Then consider trading it back as part-payment on this stunning coin. The technical photos of both obverse and reverse are provided below and re-affirm its fabulous state.
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50923-1930-Penny-VF-Rev-TECH-June-2022

Reverse of the 1930 Penny with a strong '1930' date, crisp upper and lower scrolls, well defined inner beading and super-strong edges. Handsome chestnut toning is the icing on the cake.

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Obverse of the 1930 Penny showing a full and prominent central diamond. Complete oval to the left of the diamond, six very plump pearls and traces of the seventh and eight pearl. Handsome toning and super edges.


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!

Looking at the reverse, the fields are highly reflective and very smooth with even, handsome chestnut brown toning. The legend 'COMMONWEALTH OF AUSTRALIA' and date '1930' are powerful.

Looking at the obverse, and moving the coin 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 and the handsome chestnut toning.

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 a complete central diamond that is strong and prominent. There are six very plump pearls and traces of the elusive seventh and eighth pearl. The lower band of the crown is complete and there is minimal wear to the eyebrow and moustache. These details confirm the premium grading level of Good Very Fine.

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

Place the coin in the palm of your hand and make a final assessment. This is a fabulous 1930 Penny and passes our three-point assessment with flying colours.


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 in times such as we are currently experiencing, 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. Another reason for its popularity is that the coin 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 less than a decade away, the push to acquire Australia’s favourite Penny is really on.

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