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High quality 1930 Penny with our bonus offer of a Choice Uncirculated 1930 Sovereign


54165-1930-Penny-VF-Rev-September-2022
54165-1930-Penny-VF-Obv-September-2022
High quality 1930 Penny with our bonus offer of a Choice Uncirculated 1930 Sovereign
COIN
High quality 1930 Penny with our bonus offer of a Choice Uncirculated 1930 Sovereign
PRICE
$55,000
STATUS
Sold 7/10/2022.
QUALITY
Very Fine with a full central diamond and six plump pearls and in the top ten per cent of surviving examples.
PROVENANCE
Private Collection NSW
COMMENTS
This Very Fine 1930 Penny is an elite coin. One of the very best it rests in the top ten per cent. It is a technically sound coin and visually very attractive. The ideal combination for the collector and the investor. To the naked eye, the coin has even chestnut toning and strong design detail, including the upper and lower scrolls and the all-important ‘1930’ date. But it’s under an eyeglass that this coin really shines and upholds its Very Fine status. The central diamond is complete and solid. And there are six very plump pearls. Now, it is a fact that the most frequently sighted 1930 Penny is a well circulated Fine. This coin, at Very Fine, is at least four grades higher. A 1930 Penny at this quality level would be offered on the market, perhaps once or twice every year. This is an impressive 1930 Penny made even more impressive with our bonus offer of a Choice Uncirculated 1930 Sovereign. The technical shots (in the READ MORE section) confirm its superior quality.
54165-1930-Penny-VF-Obv-September-2022
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54165-1930-Penny-VF-Rev-TECH-September-2022

An impressive 1930 Penny with nice edges, strong upper and lower scrolls and a prominent 1930' date. Handsome, even toning.

54165-1930-Penny-VF-Obv-TECH-September-2022

1930 Penny with a full central diamond and six plump pearls. And a complete lower band on the Crown. The oval to the left of the central diamond is virtually complete.


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. 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 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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