There are some coins that are simply never forgotten, even years after they have been sold. Perhaps it’s their colours, or their impeccable surfaces, or the clarity of the striking, or a combination of all three that imprints them firmly into your memory.
This 1948 Proof Penny is one such coin.
It is one of the finest in state of preservation. Superb FDC, the surfaces are glossy and the colours simply magnificent.
Furthermore this coin is rare. Perth Mint copper proofs are genuinely scarce. Only eight 1948 Proof Pennies have been sighted on the open market over the last 40 years. And if you are hunting one of the very best (such as this coin), you might be waiting many years before a comparable piece comes up for grabs.
There is a perception amongst buyers that because a coin is struck to proof quality, it has to be great. Well think again.
The value of a proof coin is as much to do with its state of preservation – how well it’s been cared for in the intervening years - as it is with the clarity and precision of the original striking. Is it spotty? Edge bumps? Harsh and unattractive toning? Scratched? Gouges? Traces of original brilliance?
This means that there are poor quality proofs, mediocre proofs, great proofs – and those you simply can’t take your eyes off because they are truly spectacular … such as this 1948 Proof Penny.