Most expensive penny australia value

The Penny is a part of Australian folklore.

It was used in the Commonwealth of Australia prior to decimalisation in The coin was equivalent in its dimensions and value to the British pre-decimal penny , as the two currencies were originally fixed at par. The coin was introduced in , while the last penny was minted in After decimalisation on 14 February the penny was equal to 0. The obverse of the coin featured the reigning Australian monarch.

Most expensive penny australia value

Skip to content. Exploring the Penny - YouTube. The penny was the first Australian penny minted on Australian soil. Although Australian pennies had been made for the newly federated nation since , they were all minted at the Royal Mint in England or India. For this reason, the pennies, with the reverse design by Blakemore and the obverse of King George V by Mackennal, are special. The penny has three different variations that can be distinguished by the location of small beads around the scrolls on the reverse. The first variety has no dots, the second has a dot above the top scroll and a dot below the lower scroll called a double dot variation , and the third features a single dot below the lower scroll. These variations happened as a result of the dies being sourced from different locations: the London Mint, which were considered completed dies; the Melbourne Mint, which were cloned dies based on the London dies; and the Calcutta Mint in India, which were half-finished, unhardened dies completed by the Melbourne Mint before production. While coin collectors have attempted to work out which dot pattern denotes which Mint, it is highly likely that, due to high demand, the dies ended up being passed back and forth between the Sydney and Melbourne Mints, making this quest futile. While not technically correct, pennies are prized possessions amongst collectors.

Only the and florin have a lower mintage than Inthe Museum of Victoria was again tempted to sell off a second example. Like other pennies made sincethe reverse of the penny features a leaping kangaroo in full flight.

In keeping with tradition the portrait of the King will face left, the opposite direction from his mother. The limited-edition coins will not be put into regular circulation, but can be purchased through the Royal Australian Mint. A trip to the servo ended in a coin bonanza for TikToker Joel Kandiah, who runs the History of Money account on the social media site. Kandiah said in a recent video that he had paid in cash for a couple items, and his handful of change left him staggered. So keep using cash," he said. Kandiah's estimate of the coin's value may even have been conservative - or taking into account the non-mint condition.

The first Australian penny. The penny ran until ,. The Australian penny obverse features the United Kingdom. The 'Commonwealth of Australia' reverse was used in earlier. George V.

Most expensive penny australia value

The Penny is a part of Australian folklore. The Penny was minted at the Melbourne Mint. And, as it so happens, it was minted by accident. Melbourne Mint records indicate that no formal request was received from Treasury to strike circulating coins. But as we now know, a small number of Pennies were minted, by mistake. The industry estimates the mintage to be about coins. While no formal record is held of those coins struck for circulation, the Melbourne Mint officially recorded the minting of six examples of the Proof Penny. The 'King' of Australian coin rarities. The Proof Penny is Australian 'numismatic' royalty.

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It was their second Proof '30, the Museum having been gifted one by the Melbourne Mint soon after it was struck. Like most pre-decimal coins, not all of the pennies were made at the one mint. Before you start digging through your collections: unfortunately, all four Melbourne Mint pennies are accounted for. BD Proof Halfpenny. Australia's rarest penny, the Penny, struck at the Melbourne Mint. The value depends on several factors such as quality and wear, supply and demand, rarity, finish and more. Categories : Coins of Australia Pennies establishments in Australia disestablishments in Australia. But, George V faces to the left. Several varieties of the penny exist mostly regarding the position of the dot s on reverse and the Indian or English obverses. Read Edit View history. Your subscription has been successful. Enquire Now. Last Name Please provide your last name. There is no doubt it is an industry phenomenon, for in a market that is quality focused it is interesting to note that the Penny is keenly sought irrespective of its grading - and growth over the mid to long term has been significant across all levels of quality. While we don't know what value it might hold in the future, as the last Australian coin to bear the Queen's effigy, and of limited mintage, the Mint said the coin would be a "highly prized" addition to any collection.

Skip to content. Exploring the Penny - YouTube. The penny was the first Australian penny minted on Australian soil.

These variations happened as a result of the dies being sourced from different locations: the London Mint, which were considered completed dies; the Melbourne Mint, which were cloned dies based on the London dies; and the Calcutta Mint in India, which were half-finished, unhardened dies completed by the Melbourne Mint before production. It is estimated that there are in existence and there are a number of theories as to how they came to be. Ask most collectors - or most Australians for that matter - what is Australia's rarest penny and they will respond with the answer, 'the Penny'. Interestingly a well above average Holey Dollar sold for the same amount in the very same auction. Article Talk. Even the zeal for the sovereign which is very strong pales into significance when compared to the penny. This kangaroo made the pennies quintessentially Australian and this design was used on the penny until the decimal changeover to decimal currency in This is because they were test pieces for new master tools — they were made to ensure the tools were accurate before they were sent to the Perth Mint and used to produce over 10 million pennies that were needed for that year. He declined the offer simply because he could not afford it at the time. Their mystery and rarity makes them worth a pretty penny. On the reverse of the coin was the W. Commonwealth of Australia