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1938 Proof Threepence

George VI


While Australia's pre-1955 proof coin series has one of the highest value:rarity ratios in the world, the 1938 proof threepence is one of the few years to have avoided this retaining its low price relative to other coins in the series. This is in part due to having the third highest mintage of any pre-55 proof, after the 1935 proof penny and half penny which in practice appear to be much scarcer than the mintage indicates. The other reason being this coin was sold to the general public and as such most pieces were impaired from light wipes over the years resulting in most grading quite low. The other product of this however is that higher grade pieces, particularly those above PR64 are extremely scarce and may indeed by undervalued though rarely appear on the market.

The 1938 proof threepence can easily be differentiated from business strikes by the presence of two die polishing striations int he shape of an X or cross between the 1st and 2nd wheat stalks. These are very faint and will likely require magnification and multiple lighting angles to see but they do not occur on business strikes and thus make an effective diagnostic criterion.

X between the 1st and 2nd wheat stalks

The tails side of the coinThe heads side of the coinThe inscription around the inner edge of the coinA marking, usually a letter or dot that signifies which mint struck a particular coinA coin struck from specially prepared dies to strike a superior quality coin not intended for circulationThe number of coins struck of a particular designationA coin struck for normal circulationA coin struck for normal circulation

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.