We are pedantic when it comes to ascribing a Very Fine quality ranking to a 1930 Penny.
In our opinion, the central diamond has to smack you fairly in the eye. No rounding off on the points of the diamond: it has to be clear and distinct. We also look for a light smudging in the area housing the seventh and eight pearls and a complete oval to the left of the central diamond.
Furthermore, the upper and lower scrolls, have to be strong, the edges superb and the toning even and luxurious chocolate brown.
This coin passes our test with flying colours. In fact it is so good that you can throw away your magnifying glass. Its qualities are clearly visible to the naked eye.
Over the forty-plus years that we have been involved in the rare coin industry we have handled maybe six true Very Fine 1930 Pennies. And this coin is one of them.
That’s why we say that with a Very Fine quality ranking, this coin is in a class all on its own and is a rarity in the truest sense.
The opportunity to acquire one of the finest 1930 Pennies does not happen every day. It can be years – or even a decade – before a top ’30 becomes available.
As a case in point this coin has been tucked away for more than nine years.
The 1930 Penny is a national icon and its star status has made it one of Australia’s most valuable coins.
Officially the 1930 Penny was never struck and a review of minting records at the Melbourne Mint confirms the same. However, as we all know, a small number of 1930 Pennies were accidentally struck and released into circulation.
The accidental minting of the 1930 Penny was not discovered until the 1940s.
That the coins underwent at least a decade of circulation before they were discovered means that most of the surviving examples are knocked around, with obvious defects such as edge bumps and gouges.
Not so with this 1930 Penny. It has undergone minimal circulation and is a coin to be prized. We rate it as being in the top five per cent of known surviving examples.