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.

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.

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. Because of the economic recession, in , the Commonwealth decided not to place any orders for new pennies — yet, some were made. It is estimated that there are in existence and there are a number of theories as to how they came to be. One theory actually suggests that a tour guide from the Melbourne Mint made the pennies for visitors to take home as a souvenir. Their mystery and rarity makes them worth a pretty penny.

Circulating coins are mass-produced in the millions in what can only be described as a factory environment and distributed through the banks at their face value. Inthe Museum of Victoria was again tempted to endress+hauser off a second example.

Ask most collectors - or most Australians for that matter - what is Australia's rarest penny and they will respond with the answer, 'the Penny'. The correct answer is however the Penny struck at the Melbourne Mint. Only four coins were struck to test new master tools before new dies were prepared for the Perth Mint. The Melbourne Mint retained the four prized coins. Very little was known about Australia's rarest penny until , when the Museum of Victoria decided to sell off one of their coins at auction as part of the nation's Bicentennial celebrations. As you would imagine, collectors pounced. Interestingly a well above average Holey Dollar sold for the same amount in the very same auction.

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. Australian penny. George VI.

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.

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A coin does not however achieve an elite or pinnacle status on the basis of rarity alone. He eventually acquired it in Unique Proof Shilling Melbourne Mint. 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. It was their second Proof '30, the Museum having been gifted one by the Melbourne Mint soon after it was struck. Auctioneers described the 50c piece as "one of the finest known". And there was no requirement to produce pennies for circulation. Hint: it is one of the letters. Kandiah's estimate of the coin's value may even have been conservative - or taking into account the non-mint condition. Florin - H price guide and values. Florin - price guide and values. Exploring the Penny - YouTube. In , King George VI ascended the throne, bringing in a new effigy for our obverse but also a new reverse. An "I" under the bust of George VI denoted being minted in India and is only found on pennies and half pennies dated and

The Australian Penny was issued with the dates to and the diameter should be

The most famous of all the Australian Commonwealth circulating coins, the pre-decimal penny, was minted at around 3, examples. The obverse head side of the 'British Museum' Proof Penny. Coins are struck so that they can be used in every-day transactions. Now available for sale by private treaty. On behalf of myself, Sally, the two Graemes and Amy, thank you for joining us and learning about some of our favourite pennies. The Melbourne Mint retained the four prized coins. Archived from the original on 30 October You can tell from the double-lined rim of the coin. Keep me up to date with the latest news and offers. Before you start digging through your collections: unfortunately, all four Melbourne Mint pennies are accounted for. Half penny price guide and values. For example, there is a cluster of penny varieties that evidences an experimental period of penny production at the Melbourne Mint during the start of the Great Depression.