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Type I

1937 - 48

The penny switched over to the Kruger Gray, or Kangaroo reverse in 1937, though no business strikes were issued until 1938, and continued with the design until 1952. The design features a Kangaroo jumping to the left with AUSTRALIA around the top of the design, PENNY around the bottom, and the year right above that, just behind the Kangaroo's legs. The obverse features an uncrowned bust of King George VI facing to the left and the legend, GEORGIVS VI D : G : BR : OMN : REX F : D : IND : IMP ('George VI, by the grace of god, Ruler and King of Britain, Defender of the Faith, Emperor of India') and was used up until 1948 then changed because of the independence of India.

Date set collectors will have no problems completing the series with the key dates , the 1940-KG, 1944, 1946 and 1948-Y being readily available in lower grades though the 1946 tends to command reasonably strong prices. In mint state, type set collectors would find best value in the 1938, 1947, and 1948 pennies. Pennies in this series were struck at the Melbourne, Bombay and Perth mints. Perth mint pennies feature a dot mintmark after the 'Y' of PENNY and no dot before PENNY, whereas the Bombay mint pennies featured both dots and also the mintmark 'I' under the bust on the obverse. All other pennies in the series were struck at the Melbourne mint.

The tails side of the coinThe heads side of the coinThe inscription around the inner edge of the coinA state of a coin that shows no signs of circulationA marking, usually a letter or dot that signifies which mint struck a particular coin

 MintageXF40AU50AU55AU58MS62MS63MS64MS651938 5,552,400131719315166992001939 6,240,00018233243991101903701940 4,075,200241001501701905006607201940 K.G1,113,6001401703204005101,4003,1004,8001941-Y 12,794,0006,3008,20010,00013,00018,00023,00030,00039,0001941 K.GIncl. in above2152821001202804101,0001941 1,588,0001923283457691803601942-Y 12,244,80039485758681302605001942-I Sans I9,000,000781404306001,3002,3004,8007,9001942-I With I9,000,0001418202351651202001943 11,112,0001101401601601802003104101943-Y 33,086,4001821222350632003601943-I 9,000,0002024262768781805601944 2,112,000111416241601901,4006,3001944-Y 27,830,8002529313243711304001945-Y 15,172,80057727983981102105501946 363,0001202203404801,4002,0004,1004,3001947 6,864,000182328303656891401947-Y 4,490,400455256591902102403,0001948 26,616,0001.503.707.7013325073901948-Y 1,534,0006.803980150280340420770 MintagePR60PR61PR62PR63PR64PR651937 Pattern10 Known      1937 Uniface in SilverUnique      1937 Uniface Pattern8 Known      1938 Proof100*1,2001,6002,3003,3005,0007,6001939 ProofUnknown      1940 Proof K. G.5      1941 Proof K. G.71702303206607708401942-Y Proof11      1942-I RestrikeUnknown      1943-Y Proof12      1943-I RestrikeUnknown      1944-Y Proof124,4006,4009,70015,00029,00040,0001945 Pattern4 Known      1945-Y Proof11      1947-Y Proof195,6007,80011,00017,00026,00043,0001948-Y Proof163,1004,2005,7008,30012,00019,000Values 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.