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1943-S Threepence

George VI

Australia

The 1943-S Threepence was struck at the San Francisco Mint with a mintage of 8,000,000. In the same year an additional 24,912,000 pieces were struck at the Melbourne Mint and another 16,000,000 pieces at the Denver Mint. The San Francisco Mint variety features a small 'S' mint-mark located under the right-most ribbon on the reverse. The large mintage of this variety makes it affordable for most grades although it is notably more expensive than the equivilent Melbourne and Denver varieties. Collectors seeking a 1943 piece in mint-state will likely be best served looking at the Denver variety which provides higher grades for substantially lower values.

San Francisco 'S' mint-mark on a 1943-S Threepence.

The very large mintage of threepence in 1943 was a response against a major shortage of both silver and copper coinage. One of the key reasons for this shortage was the mass arrival of United States soldiers into Australia from the Middle East theatre. These troops, along with a general increase in public spending, created an unprecedented demand for coinage. The Melbourne and Perth Mint simply could not make supply match demand so a deal was struck with the United States. Under President Roosevelt's Lend-Lease Policy the United States agreed to provide Australia with a substantial quantity of silver coins. Australia guaranteed to then return an equal amount of silver after the war.

President Theodore Roosevelt had created the extensive Lend-Lease Policy in 1941 as a way to assist allied forces during the Second World War. The program allowed the United States to provide war materials including but not limited to ammunition, aeroplanes, and food that could then be repaid for "...in kind or property, or any other direct or indirect benefit which the President deems satisfactory." The program proved essential to the allied war effort with the total value of the aid reaching $49,100,000,000.(Encyclopaedia Britannica, 2017)

United States Secretary of State and representatives from Australia, New Zealand and Great Britain signing Lend-Lease agreements.

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 facility that produces coinsThe number of coins struck of a particular designationEncyclopaedia Britannica, 2017

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.