1930 Penny


1930 Penny good Fine 2 rev November 2018
1930 Penny good Fine 2 obv November 2018
1930 Penny
COIN
1930 Penny
QUALITY
Good Fine / About Very Fine
PROVENANCE
Private Collection Melbourne
PRICE
$25,000
COMMENTS
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. This simple point will really count when, further down the track, it comes time for you to sell your coin and realise on your investment. The 1930 Penny that we have for sale fits that profile in every respect and is as per the photographs above and at right. The coin has a technical obverse grading of Good Fine. The reverse is graded higher again at About Very Fine with strong upper and lower scrolls and well defined inner beading.
STATUS
Available now.
1930 Penny good Fine 2 obv November 2018
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1930 Penny good Fine 2 rev tech November 2018

Reverse of the 1930 Penny showing strong upper and lower scrolls, strong ‘1930’ date and well defined inner beading.

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 2 obv tech November 2018

Obverse of the 1930 Penny showing one side of the central diamond, six plump pearls and complete lower band.

This 1930 Penny is graded 'Good Fine' and has:

  • one side of the central diamond.
  • the oval to the left of the central diamond is almost complete
  • six 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.

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

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