1930 Penny with a hint of the central diamond and six pearls

1930 Penny with a hint of the central diamond and six pearls
1930 Penny with a hint of the central diamond and six pearls
Private Collection Melbourne
Every couple of years we come across a 1930 Penny that is a genuine bargain. It doesn't happen very often, but when it does happen, we grab it with both hands knowing that Australia’s classic coin rarity is wanted at all dollar levels. And all quality levels. This 1930 Penny has the hint of a central diamond and six pearls on the obverse. The reverse has strong upper and lower scrolls and complete inner beading. This is an impressive 1930 Penny offered at an even more impressive price of $21,000.
Sold February 2020
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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 were 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.

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.

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PO Box 1060 Hawksburn Victoria Australia 3142

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