We reflect on the fact that this is the very first example at this quality level that we have handled in more than 15 years of Coinworks trading.
It is the coin that has it all: magnificent eye appeal, exceptional quality, extremely scarce. And well-priced.
As a company we appreciate top quality. Not only is it aesthetically pleasing for the owner, elite quality pieces are keenly sought, very liquid and are the pace setters for capital growth.
But more than top quality we love to see the words ‘exceptional quality’ ascribed to a piece. It sets the coin apart from all others, making it highly saleable and therefore highly liquid. This coin is exceptional for quality.
Australians love their coppers. While not everyone could hold onto (or even gain access to) a gold coin, Australia’s coppers were accessible to the man in the street. And while there is no doubt that Australia’s 1923 Halfpenny has benefited from the emotional feelings stirred up by the 1930 Penny, the ’23 stands on its own merits as Australia’s rarest halfpenny and an Aussie icon.
That the Sydney Mint in its Annual Report recorded the striking of 1,113,600 halfpennies in 1923 would suggest that it was a common date coin.
For decades collectors challenged this point, drawing on their experience that the 1923 Halfpenny was the least available coin in the halfpenny series.
John Sharples, at the time Curator of Australia’s National Coin Archives, set the record straight when he undertook an analysis of die production and die usage at both the Sydney and Melbourne Mints.
His research confirmed that the 1,113,600 halfpennies struck at the Sydney Mint were in fact dated 1922.
And that the 1923 Halfpenny was in fact struck at the Melbourne Mint in a mintage of approximately 15,000, thereby confirming its status as Australia’s rarest circulating halfpenny.