1930 Penny


1930 Penny Fine rev Large November 2018
1930 Penny Fine obv Large November 2018
1930 Penny
COIN
1930 Penny
QUALITY
Fine
PRICE
$16,000
COMMENTS
Owning a 1930 Penny will become a reality for just one buyer with the offering of this coin. It’s not the finest 1930 Penny we have sold (but then that coin fetched $150,000). But its most assuredly not the worst 1930 around. And we have provided both mood and technical shots for you to be the judge. To the naked eye it is a nice example of Australia's famous copper rarity. And there are no knocks to the edges. The surfaces are a little 'dry' simply because the coin was housed in a Dansco push-in album for decades. Under the glass we note the obverse shows one side of the central diamond and six plump pearls. We also note there are some minor scratches in the crown. This 1930 Penny has recently surfaced having been hidden away for more than twenty years. We acquired it a reasonable price and we are passing on the savings to our clients by way of this personal email offering it at the advantageous price of $16,000. And in the spirit of Christmas, we are giving away the balance of the Penny collection with our compliments.
STATUS
Sold November 2018.
1930 Penny Fine obv Large November 2018
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1930 Penny good Fine rev November 2018

Reverse of the 1930 Penny. Visually very attractive with nice edges and strong upper and lower scrolls.

1930 Penny good Fine obv November 2018

Obverse of the 1930 Penny. One side of the central diamond and six plump pearls.

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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