1930 Penny with three sides of the central diamond and six plump pearls


1930-Penny-goodFine-aVF-Rev-June-2020
1930-Penny-goodFine-aVF-Obv-June-2020
1930 Penny with three sides of the central diamond and six plump pearls
COIN
1930 Penny with three sides of the central diamond and six plump pearls
QUALITY
About Very Fine / Very Fine
PROVENANCE
Private Collection Melbourne
PRICE
$29,500 (Normal RRP $34,500)
COMMENTS
The 1930 Penny is legendary, and its star status has made it one of Australia's most valuable rare coins. As buying a 1930 Penny is an important decision, we offer one very basic tip for collectors to assist them in their selection process. Acquire a 1930 Penny that is visually very attractive and has no obvious defects from its time in circulation. A glance at the TECHNICAL PHOTOS, both obverse and reverse, of this coin shows that it is simply a great 1930 Penny. The obverse is graded About Very Fine and the reverse a higher quality grading of Very Fine. Collectors will note the partial central diamond and six plump pearls in the king’s crown. If you have been sitting back watching the market and waiting for a quality 1930 Penny to come along, priced below $30,000 ... then this is the coin for you.
STATUS
Sold July 2020
1930-Penny-goodFine-aVF-Obv-June-2020
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1930-Penny-goodFine-aVF-Rev-TECH-June-2020

An impactful reverse with strength in the edges, upper and lower scrolls and the date '1930'.

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.

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.

What is most interesting about the 1930 Penny is that the coin  stumbled into fame. A review of records at the Melbourne Mint confirms that apart from the six 1930 Pennies struck to proof quality, no pennies were struck for circulation in that year.

Our insistence on the aesthetics when acquiring a 1930 Penny simply relates to the point that the coin was not discovered until the 1940s, a decade after they were released into circulation.

Struck during the Great Depression and with unemployment tipping 30 per cent, the notion that coins could be saved or kept as a collectible was nonsensical. Any coin that came into a family's hands was used.

It is a fact that all 1930 Pennies have circulated, with the majority well used.

Our advice therefore is to reject a coin with a huge unsightly gouge. Or a massive edge knock. There will always be some signs of circulation with a 1930 Penny, but if they overwhelm the overall aesthetics of the coin, then in our view, do not buy it.

The simple point - of acquiring a 1930 Penny that looks 'good' - really counts when, further down the track, it comes time for you to sell and realise on your investment.

 

1930-Penny-goodFine-aVF-Obv-TECH-June-2020

An impactful obverse with strength in the edges. A look at the crown area shows a complete lower band and three sides of the central diamond and six plump pearls.

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 also are strong.

The obverse and reverse fields are reflective and smooth with handsome brown toning.

Move 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 partial diamond with three out of the four sides showing. The oval to the left of the central diamond is almost intact.

The final step is to 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.

The price makes it even more attractive.

Enquire now

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