1930 Penny

1930 Penny date side
1930 Penny
1930 Penny
good Fine / About Very Fine
Private Collection Melbourne
$ 29,500
It is a fact that every 1930 Penny that we acquire … is sold relatively soon after it is featured. We have formed the view that our clients respect our selection protocols. And that they are also aware that we sell coins with the direct aim of buying them back. Consider this 1930 Penny. The owner has been a Coinworks client since the 1990s and we were eager to have his collection back into our hands and to sell on his behalf.
Sold May 2015
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The obverse of his 1930 Penny is graded good Fine and shows six pearls and a partial central diamond. The lower scroll is strong, the upper scroll slightly weaker. The inner beading is crisp.

The coin is evenly toned and has minimal marks in the field and is extremely attractive to look at even though it has circulated. In our opinion a coin of this ilk has the greatest investment potential.

The 1930 Penny is a part of Australian folklore. The coin is a national icon and its star status has made it one of Australia’s most valuable coins. What’s most interesting is that the 1930 Penny stumbled into fame.

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. The mint does however have a record of the six Proof 1930 Pennies that were struck as museum pieces.

The suspected mintage of the 1930 Penny is 1500 to 2000.

The 1930 Penny is still to this day the glamour coin of the numismatics industry and is unrivalled for popularity, enjoying a constant stream of demand unmatched by any other numismatic rarity.

There is no doubt 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 grading. And growth over the mid to long term has been significant across all levels of quality.

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PO Box 1060 Hawksburn Victoria Australia 3142

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