The striking of ‘collector’ coins - better known as proof coins - in Australia is not a modern day phenomenon. Nor a product of the Royal Australian Mint’s decimal era. The nation’s mints (Melbourne, Sydney and Perth) were striking proofs of our pre-decimal coinage in the nineteenth and twentieth centuries and the intention was then, as it is today, to create limited mintage collector coins struck to the highest quality standards. But with two very glaring differences. The mintages more than a century ago were minuscule. And their striking was sporadic.
The rarity of top quality pre-decimal proof coins in today’s market is the very reason why they have become the choice of savvy investors.
The coin is a superb proof striking of the 1928 Penny. Given the absolute stunning state of the coin we are not surprised that its former owners include such great collectors as Syd Hagley and Wayne Palmer.