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1930 Penny

George V

Australia

The 1930 penny is the most famous Australian coin and one of the world's most valuable circulating copper coins. Its fame originates from the 1940s and 1950s where its rarity was first revealed to the general public, thus creating a surge in interest. Consequently, the average 1930 penny only circulated for 15-20 years leaving the average grade at around the Fine to VF level, slightly higher than pennies from surrounding years.This interest has lasted giving the 1930 penny the title of Australia's Glamour coin, and the key date to every penny collector's set. Consequently, despite a relatively high estimated mintage of 2000-3000 pieces, the 1930 penny commands prices similar to much rarer coins such as pre-decimal proofs .In 1930, with the economy slowing to a halt, the treasury did not request any pennies to be struck, as with denominations from threepence to florin; there simply was not any need for additional currency with the Great Depression in full force. Despite this, a small number of 1930 penny dies were prepared (Coin Web, 2007) and it is suggested that visiting dignitaries were permitted to purchase fresh pennies, dated 1930, from the mint (Coin Web, 2007) . This would seem to contradict the minimal number of upper grade examples of the date, with no known examples in mint state . It is more likely that the coins were struck to test the dies as suggested by Andrew Crellin (Sterling & Currency, 2008) .The coin itself is fairly scarce in lower grades with about 1500 pieces in the market today, above XF the coin becomes very rare and is almost unheard of in AU grades. Three reverse dies are known to have been used for specimen strikes; these are combined with English and Indian obverse dies (Duff, M, 2014) . The coin usually features a central strike weakness on the reverse and is almost always paired with an Indian obverse die . Only three extant English obverse types are known today (Duff, M, 2014) .At the end of 1930, the Melbourne mint also produced proof strikes for various museums and as proof of record pieces for the mint .

The number of coins struck of a particular designationDenominations without base 10 equivalentsA coin struck from specially prepared dies to strike a superior quality coin not intended for circulationA cylindrical punch with an inverted impression of a coin's design used to strike the coina facility that produces coinsThe tails side of the coinThe heads side of the coin(Coin Web, 2007)(Sterling & Currency, 2008)(Duff, M, 2014)(Duff, M, 2014)
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.