1930 Penny

1930 Penny good Fine aVF rev June 2018
1930 Penny good Fine aVF obv June 2018
1930 Penny
1930 Penny
Good Fine / About Very Fine
Private Collection Melbourne
$25,000 (Normal R.R.P. $29,500)
This is just a great 1930 Penny. It is a quality coin, hand selected by Coinworks, and offered at a price that would be hard to beat. As with all 1930 Pennies, this coin has circulated but it clearly reflects our number one rule for acquiring a rare coin. Buy one that is problem-free and that is visually very attractive. It also comes with Coinworks September price bonus. Presented in quality level of Good Fine / About Very Fine, this coin is available for the same price as one graded one notch down at Fine. THAT'S A $4500 PRICE ADVANTAGE. Family heirloom. Or an investment in history. This 1930 Penny is both. Technical shots are shown below. In a presentation befitting the coin, this 1930 Penny is presented in a handsome black presentation case, with accompanying photographs and Certificate of Authenticity.
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1930 Penny good Fine aVF obv June 2018
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1930 Penny Good Fine rev May 2018

Reverse of the Good Fine/About Very Fine 1930 Penny. 

The 1930 Penny is legendary, and its star status has made it one of Australia's most valuable rare coins.

Because the dollars involved in acquiring a 1930 Penny are considerable, we offer one very basic tip for buyers to assist them in their decision-making process.

Select a 1930 Penny that is visually very attractive and has no obvious defects from its time in circulation.

The aesthetics, how the 1930 Penny looks to the naked eye, is an important part of the selection process.

The reason is simply that the coins were used, with the majority well used, before collectors discovered its very existence having endured the rigours of handling, mishandling, being dropped, scratched and rattling around in change.

Once the coin has passed the 'aesthetics test' it is time to examine the fine details under a glass.

1930 Penny Good Fine obv May 2018

Obverse of the Good Fine/About Very Fine 1930 Penny. 

The fine details confirm that the obverse of this 1930 Penny is graded 'Good Fine' with:

  • one side of the central diamond showing.
  • six clear plump pearls in the crown.
  • the lower band of the crown is complete.
  • nice edges.
  • smooth fields and handsome toning.

The reverse is graded 'About Very Fine' with:

  • nice edges.
  • smooth fields and handsome toning.
  • strong upper and lower scrolls.
  • well defined inner beading.

In a presentation befitting the coin, this 1930 Penny is presented in a handsome black presentation case, with accompanying photographs and Certificate of Authenticity.

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 over a decade away, the push to acquire Australia’s favourite Penny is already on. 

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The history of the 1930 Penny.

The 1930 Penny's pathway to stardom.

The 1930 Penny was discovered by collectors in the 1940s.

That the coin had endured at least ten years of circulation before it was discovered means that all surviving examples show wear.

Dealers responded to the discovery of the 1930 Penny by offering to pay up to 10/- for an example.

However, it wasn’t until the 1960s that the coin became a national symbol. Newspapers were instrumental in creating that image, television played a lesser role.

Lists of Australian coins and their market prices and headlines such as “Have you cashed in on Australia’s coin craze yet?” and “A Penny could be worth £500” appeared in the 60s in the daily newspapers.

The nation’s rare coin market reacted in a frenzy as thousands cashed in on the opportunity to make big money.

In 1964, the Sydney Sunday Telegraph published a guide to the latest prices on Australian coins. It was the first time that such a list had been published and, while most pennies were fetching a small premium over face value, the 1930 Penny was listed at £50 in Fine condition (today that same coin would be worth more than $20,000).

By 1965, a Fine 1930 Penny had more than doubled in price to £120.

Before the arrival of decimal currency in 1966, no Australian could look at a penny without glancing at the date, just in case it was the elusive ‘1930’. A product of the Depression, it was everyone’s chance to make big money fast.

By decimal changeover, the price had moved to £255 ($510) and the 1930 Penny had captured the imagination of collectors and non-collectors alike.

The craze was fuelled on the one hand by the lure of quick money and on the other by the pressure of the collector market for supplies.

Decimal currency changeover posed an imminent and very real danger to coin collectors - the melting down of undiscovered rare pieces. Collectors were keen to complete sets of all coins minted in Australia

There are no pennies being checked in schoolyards anymore, but for many collectors the journey to acquire our most famous penny still goes on.

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