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Classic 1930 Penny, with a partial central diamond and six plump pearls


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1930-Penny-Good-Fine-about-Very-Fine-Obv-July-2019
Classic 1930 Penny, with a partial central diamond and six plump pearls
COIN
Classic 1930 Penny, with a partial central diamond and six plump pearls
PRICE
$32,500
STATUS
Sold April 2022
QUALITY
Good Fine / Very Fine, and one of the most impressive 1930 Pennies we have sold with perfect edges and minimal marks in the field, it is a coin that defies the odds.
PROVENANCE
Private Collection Melbourne
COMMENTS
Perfect edges and minimal marks in the fields. That's enough to make a 1930 Penny buyer pounce! This 1930 Penny has been part of the Coinworks stable of rarities for as long as we can recall. Formerly owned by a member of famous 60's Australian rock band, ‘The Groop’, we remember this coin as much for its ties to its legendary owner as to its fabulous quality. It’s one of the nicest 1930 Pennies we have sold. Acquire this 1930 Penny and you will be eager to show it to your family and friends. Even better, it’s such an impressive coin, you know you will get positive feedback. (And perhaps even a touch of envy.) You certainly won’t have to make excuses for the gouges or the rough and ready marks that are evident in most 1930 Pennies. Selecting a good-looking coin is our firm rule for buying 1930 Pennies, irrespective of the quality level. It's a principle that really counts when it comes time for you to realise on your investment and sell. The obverse of this 1930 Penny is graded Good Fine and has a partial central diamond and six plump pearls. The reverse is graded Very Fine and is particularly impressive with strong upper and lower scrolls, prominent ‘1930’ date and intact inner beading.
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46065-1930-Penny-about-VF-Rev-TECH-February-2021

The reverse of this 1930 Penny is very impressive. Strong upper and lower scrolls, well defined inner beading and fabulous edges. The toning is a handsome chocolate brown. And there is minimal marks in the fields.

I would like to invest in a 1930 Penny. Please advise your current inventory.

Examining a 1930 Penny is a three-point process.

1. Start off by looking at the coin in the flesh using just the naked eye. A truly great coin will always look good to the unaided eye.

This coin has strong upper and lower scrolls. a prominent date and intact inner beading.

What is particularly noticeable is the state of the fields. They are highly reflective and smooth, quite exceptional for a coin that has circulated. The toning is an even, handsome chocolate brown.

Moving the obverse through the light, the design details of the monarch, his crown and robes are clear.

2. Take up the magnifying glass.

The eye glass re-confirms what we have seen to the naked eye ... and much more.

This coin has a partial central diamond. And the left hand side of the oval, left of the diamond, is still visible. 

3. And lastly, take another look with the naked eye just to make sure that you have taken everything in.

The final assessment of this 1930 Penny confirms that it is a great coin and passes our three-point assessment with flying colours.

I would like to invest in a 1930 Penny. Please advise your current inventory.
46065-1930-Penny-about-VF-Obv-TECH-February-2021

The obverse of this 1930 Penny is equally impressive. There are minimal marks in the fields. They are smooth and reflective. This is a 1930 Penny that you will be proud to show your family and friends.

The reasons why collectors love the 1930 Penny.

One of the prime reasons for the popularity of the 1930 Penny is its financial reliability. It is a solid coin. In fact, we would go one step further and say that over the long term the 1930 Penny has probably been one of our most consistent and trustworthy numismatic performers.

The 1930 Penny is the nation’s glamour coin and is unrivalled for popularity, enjoying 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.

Well circulated (Fine) 1930 Pennies were selling for £50 in the 1950s. A decade later, by decimal changeover, the coins were fetching £255 ($510). By 1988, Australia's Bicentenary, a Fine 1930 Penny had reached $6000. The turn of the century saw 1930 Penny prices move to a minimum of $13,000.

And with a 100th anniversary less than a decade away, the push to acquire Australia’s favourite Penny is really on.

 

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