This 1930 Penny has a superb reverse.
The 1930 Penny is legendary, and its star status has made it one of Australia's most valuable rare coins.
Because the dollars involved in acquiring a 1930 Penny are considerable, we offer one very basic tip for buyers to assist them in their decision-making process.
Select a 1930 Penny that is visually very attractive and has no obvious defects from its time in circulation.
This simple point will really count when, further down the track, it comes time for you to sell your coin and realise on your investment.
The 1930 Penny that we have for sale fits that profile in every respect.
The aesthetics, how the 1930 Penny looks to the naked eye, is an important part of the selection process.
The reason is simply that the coins were used, with the majority very well used, before collectors discovered their existence. Which means that many of the coins had been handled, mishandled, dropped, scratched or rattled around in change.
Once the coin has passed the 'aesthetics test' it is time to examine the fine details under a glass.
The fine details confirm that the obverse of this 1930 Penny is graded 'About Very Fine' with:
The reverse is graded higher at 'Very Fine' with:
And a superb obverse.
Australia’s 1930 Penny is legendary and its star status has made it one of Australia’s most popular rare coins.
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.
But as we now know. A small quantity of pennies were issued by the Melbourne Mint with the estimated mintage being 1000 – 1500.
And while many theories have been put forward as to how the error occurred, no one really knows how and why.
That no one has a definite answer only adds to the romance and the mystery that has shaped the image and profile of Australia’s 1930 Penny.
Unrivalled for popularity, the coin enjoys 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.
The 1930 Penny was selling for £50 in the 1950s. A decade later, by decimal changeover, the coin was fetching £255 ($510). By 1988, Australia's Bicentenary, the 1930 Penny had reached $6000.
By the turn of the century, with interest in coins stimulated by the Sydney Olympics, 1930 Penny prices had moved to $13,000.
And with a 100th anniversary just over a decade away, the push to acquire Australia’s favourite Penny is already on.