It is a fact that the majority of 1956 Perth Proof Pennies that we have sold over the past few years have been sourced from collectors of long standing or have been bought back from our clients. But if we are looking for new inventory in this area of the market then we openly state that it is extremely difficult to find top quality examples out in the market place.
Their extreme scarcity relates to the original mintage and the level of care given to preserving the coins to the highest quality standards over the years.
This coin is a stand-out rarity and a stand-alone investment piece.
Treasury gave official approval for the Perth Mint to commence striking proof coins for collectors on a commercial basis in 1955. The coins were released annually with an official issue price of face value plus a premium of one shilling per coin … mintages averaged around the 1,500 mark. The series came to a conclusion in 1963, just prior to decimal currency changeover.
The proof coins struck between 1955 and 1963 are one of the most popular areas of the market for pre-decimal coin buyers. They have an excellent track record for appreciation and the price at which they are sold attracts maximum buyer interest. They are a perfect entry point into the Australian rare coin market. Limited edition collector coins at affordable prices.
They also come at the top of our list of recommendations for clients looking to tuck something special away for their children or grandchildren.