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1923 Half Penny

George V


The 1923 half penny is the key date for the entire half penny series and represents the toughest financial challenge the half penny collector will face. The coin is desirable in all conditions with pitted and worn examples finding their place in budget half penny collections and pieces in AU50 or better often ending up in mid-range to high-end investment portfolios. While the 1923 half penny has a reasonably sizeable mintage of 1,113,600 coins being struck at the Sydney mint, these were dated 1922 and the 1923 mintage was actually struck at the Melbourne mint with a requested total of 480,000 coins (Sterling & Currency, 2008). Despite this still relatively high mintage, only two dies were prepared for the Melbourne mint which should have been enough to strike about 150,000 coins but both dies formed cracks during the striking limiting the total mintage to a much lower figure. This was the first time the Melbourne mint attempted to strike half pennies and faults were bound to occur.

Obverse die cracks of a 1923 half penny

Die cracks typically form around the left side of the obverse legend with pieces struck from a later die state tending to form cracks around the right side of both the obverse and reverse legend.

Reverse die cracks of a 1923 half penny

The number of coins struck of a particular designationa facility that produces coinsA cylindrical punch with an inverted impression of a coin's design used to strike the coinThe heads side of the coinThe inscription around the inner edge of the coinThe tails side of the coinA coin struck from specially prepared dies to strike a superior quality coin not intended for circulation(Sterling & Currency, 2008)

Values are in AUD and are retail price estimations based on past sales of coins certified by PCGS or NGC and as such values only related to such graded coins. Uncertified coins or coins graded by other services would likely be worth significantly less. For wholesale pricing please refer to the Red Sheet. While all attempts to ensure accurate pricing, data entry errors can occur and as such no warranty is expressed or implied as to the accuracy of any information published on this website. It is important to verify all published sales to ensure the accuracy of the pricing when making any purchase decision. Any personal information provided to us is protected by the Privacy Act 1988.