Proof 1938 Penny and Proof 1938 Halfpenny matched pair.


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Proof 1938 Penny and Proof 1938 Halfpenny matched pair.
COIN
Proof 1938 Penny and Proof 1938 Halfpenny matched pair.
QUALITY
Superb FDC with original copper brilliance
PROVENANCE
J.J.Pitman, The Madrid Collection of Australian Rare Coins
PRICE
$35,000
COMMENTS
You will often see it written that “Great collectors only ever own great coins”. And it is true of this stunning matched pair of Proof 1938 Penny and Proof 1938 Halfpenny. A superb FDC, with full copper brilliance, the coins were formerly held by renowned American collector J. J. Pitman and later sold to the owner of the Madrid Collection of Australian Rare Coins in 2005.
STATUS
Available now
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When the Melbourne Mint commenced striking circulation pennies in 1938, staff were instructed to prepare dies and hand-select copper blanks to produce one hundred pennies for collectors minted to proof quality.

The Melbourne Mint had decided it was time to start selling proof coins to collectors to test the waters of regular proof coining production.

The proofs were to be sold to collectors at a premium of one shilling over face value. Collectors could have them sent through the mail. Or could front up to the mint to collect their order.

History records that ninety-four proof pennies out of the mintage of one hundred sold, each coin selling for 1s. 1d.

It was a popular collector release given that the coin introduced a brand-new reverse design of the flying kangaroo. And an obverse design of the new king, George VI.

The same situation occurred when the mint began striking halfpennies for circulation in 1938. One hundred proof halfpennies were struck to sell to collectors.

History records that seventy-eight out of the mintage of one hundred proofs sold, each coin selling for 1s. 1/2d.

The subdued interest in the halfpenny simply a reflection that the halfpenny continued the original British design introduced in 1911.

We can recall only two other occasions when we have sold 1938 proof coppers at this superior quality level.

  1. The first occasion was in 1996, sold to a client who wanted proofs that represented his birth year. Acquired from renowned numismatist, Barrie Winsor, the coins have never come back onto the market.
  2. The second occasion was in 2000 when a pair was sold to the owner of the "Treasures of the Melbourne Mint" Collection. Also sourced from Barrie Winsor.

This is the most effective way we know to impart the extreme rarity of this matched pair of 1938 proof coppers.

We have always followed a rule of thumb regarding copper proofs.

If the coins have original copper brilliance, or even just a hint of copper brilliance, then you grab them with both hands. For it is hardly ever seen. And reflects meticulous handling throughout the coin’s life.

And so, it is with these coins. Both the penny and halfpenny have full copper brilliance.

They are a once-in-a-decade opportunity.

Enquire now

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