1930 Penny
1930 Half Penny Coin With Britannia, King George V from the United kingdom, Perfect for Birthdays,Anniversary and within Jewellery EnglishCoinCompany 5 out of 5 stars (1,287). 1930 UK penny value. What is a 1930 penny worth? Values, images, specifications for the 1930 penny coin from Britain, England, United Kingdom. European Coin Grading System What do the abbreviations mean? Australian coin and banknote values New Zealand predecimal coin values. Type: Wheat Penny Year: 1930 Mint Mark: S Face Value: 0.01 USD Total Produced: 24,286,000 Silver Content: 0% Numismatic Value: 35 cents to $30.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around 35 cents, while one in certified mint state (MS+) condition could bring as much as $30 at auction. Many Denver 1930 pennies are available to collectors. Poor condition, is however, the typical quality found. Abundant in average condition, a premium is noted on the chart for coins grading Extremely Fine and higher. Inspect lettering along the rim, bold and flat with the surface is a preferred appearance. The 1930 wheat penny with no mint mark is worth around $0.15 in good condition. In very fine condition the value is around $0.50. In extremely fine condition the value is around $1.25. In uncirculated condition the price is around $6 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $10.
The Australian penny was a coin of the Australian pound used in the Commonwealth of Australia prior to decimalisation in 1966. It was worth one-twelfth of an Australian shilling and 1/240 of an Australian pound. The coin was equivalent in its dimensions, composition and value to the British penny, as the two currencies were fixed at par.
The coin was first introduced in 1911, and stopped being minted in 1964, with the introduction of decimalisation. When decimalisation happened on 14 February 1966, the coin value was equal to 0.8333¢.
The obverse of the coin featured the reigning Australian monarch. Three were featured: George V, George VI and Elizabeth II. All of the pennies featuring George VI and Elizabeth II had a kangaroo on the reverse. The kangaroo image was on the Australian half-penny and has since been included on the dollar coin and the bullion silver kangaroo.
During the George VI era, coins minted at Perth had a dot either at the end of the word 'PENNY', after the word 'AUSTRALIA' or in between the 'K' and 'G' above the end of the kangaroo's tail, while coins from Melbourne did not have a dot. An 'I' under the bust of George VI denoted being minted in India and is only found on pennies and half pennies dated 1942 and 1943. A 'PL' mintmark after 'PENNY' denoted minting in London, England and is only found on the 1951 dated penny and half penny. This continued through the end of the coin's lifetime.
Types[edit]
| Image | Years | Technical parameters | Description / Legend / Designer | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Obverse | Reverse | From | To | Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse |
| 1911 | 1936 | 30.8 mm | 9.45 g | Bronze: Cu 97.5%, Zn 2.0%, Sn 0.5% | Plain | George V GEORGIVS V D.G.BRITT: OMN: REX FDIND:IMP: by Bertram Mackennal | ONE PENNY COMMONWEALTH OF AUSTRALIA by W.H.J. Blakemore | |||
| 1938 | 1948 | George VI GEORGIVS VI D:G:BR:OMN:REX: F:D:IND:IMP. by Thomas Hugh Paget | Kangaroo / Commonwealth Star AUSTRALIA PENNY by George Kruger Gray | |||||||
| 1949 | 1952 | George VI GEORGIVS VI D:G:BR:OMN:REX FIDEI DEF. by Thomas Hugh Paget | ||||||||
| 1953 | 1955 | Elizabeth II + ELIZABETH.II.DEI.GRATIA.REGINA by Mary Gillick | ||||||||
| 1959 | 1964 | 30.8 mm | 1.5 mm | Plain | Elizabeth II + ELIZABETH.II.DEI.GRATIA.REGINA.F:D: by Mary Gillick | Kangaroo AUSTRALIA PENNY by George Kruger Gray | ||||
Numismatics[edit]
The 1930 penny is one of the rarest Australian coins, due to a very small number being minted[1] and holds the record as the most valuable copper penny in the world.[2]It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more.[3]
Other 'hard to get' years include 1925, 1946.
1930 Penny Error
There are also some valuable varieties of the Australian penny. Most varieties arose as a result of either historical events that impacted normal operation of the country's coin mints or intended changes in the coin minting processes. For example, there is a cluster of 1931 penny varieties that evidences an experimental period of penny production at the Melbourne Mint during the start of the Great Depression. Additional varieties of the 1931 penny, such as the so called 'Unicorn Penny', are still being identified today.[4]
Another example is the cluster of 1920 penny varieties that evidences the transfer of dies from the Melbourne Mint to the Sydney Mint, which involved a series of experimental strikes in preparation for the first official pennies that were struck by the Sydney Mint in October 1920.[5] Similarly, the 1952 cluster of penny varieties arose when the Perth Mint began to produce its own pennies following a series of experimental strikes.[6]
While many penny varieties are common, there are some extremely rare and valuable examples, such as the 1930 English obverse penny [7] and the 1920 English obverse penny with a dot above the bottom scroll.[8]
Minting figures[edit]
The numbers below include specimens and proof issues, where mintage for them is known. Counting these, a total of 814,788,088 (815 million) coins of the denomination were minted during its existence.[9]
- 1911: 3,768,000
- 1912: 3,600,000
- 1913: 2,520,000
- 1914: 720,000
- 1915: 2,280,000
- 1916: 3,324,000
- 1917: 6,240,000
- 1918: 1,200,000
- 1919: 5,810,160
- 1920: 9,041,600
- 1921: 7,438,320
- 1922: 12,697,440
- 1923: 5,654,400
- 1924: 4,665,840
- 1925: 1,639,200
- 1926: 1,860,000
- 1927: 4,922,450
- 1928: 3,038,400
- 1929: 2,599,200
- 1930: unknown (usually estimated around 1600)
- 1931: 494,400
- 1932: 2,116,800
- 1933: 5,817,600
- 1934: 5,808,100
- 1935: 3,724,900
- 1936: 9,890,400
- 1937: 12 (unreleased pattern)
- 1938: 5,552,650
- 1939: 6,240,000
- 1940: 5,188,800
- 1941: 14,382,800
- 1942: 21,244,800
- 1943: 53,198,400
- 1944: 29,942,000
- 1945: 15,172,806
- 1946: 240,000
- 1947: 11,174,400
- 1948: 28,150,000
- 1949: 27,064,800
- 1950: 57,846,800
- 1951: 52,128,000
- 1952: 57,922,000
- 1953: 13,138,816
- 1955: 17,447,101
- 1956: 25,994,917
- 1957: 15,979,112
- 1958: 24,443,334
- 1959: 16,048,136
- 1960: 20,516,230
- 1961: 30,608,240
- 1962: 34,852,664
- 1963: 10,259,660
- 1964: 64,590,000
- 1965: none ever sighted
References[edit]
- ^Numismatics: Australia: 1930 penny
- ^Proof 1930 penny sold for $1.15 million
- ^Why Invest in Rare Coins and BanknotesArchived 30 October 2009 at the Wayback Machine
- ^Journal of the Numismatic Association of Australia, Vol. 29
- ^http://www.benchmarkcoincatalogue.com/catalogue/coin/460
- ^Journal of the Numismatic Association of Australia, Vol. 11
- ^http://www.benchmarkcoincatalogue.com/catalogue/coin/481
- ^http://www.benchmarkcoincatalogue.com/catalogue/coin/460
- ^'Penny from Australia'. Online Coin Club.
- Bruce, Colin R.; Thomas Michael (2005). 2006 Standard Catalog of World Coins (1901–present). KP Books. p. 67. ISBN0-87349-987-5.
External links[edit]
| Preceded by British one penny coin | Penny 1911–1964 | Succeeded by Denomination Abolished |
1930 Penny Real or Fake?
Even if you’re not a coin collector the Australian 1930 penny is the one you’ll know about. It’s the most famous Australian pre-decimal coin and as such is the most talked about, the most sought and the most faked coin. Find a 1930 penny and your heart will skip a beat, but the likelihood that it’s real is very small. Given the value of a real 1930 penny is upwards of $15,000 in any condition it’s one that you’re going to want to authenticate if you find a 1930 penny in Grandpas top drawer.
If you’ve found a 1930 penny and are wondering it’s value, first you’ll have to determine if it is real. Your newly found 1930 penny may be one of 2 things (well, 3 if it’s real!), it will commonly be a forgery or an altered date penny.
Forgeries, counterfeits, fake and copy coins are in their plenty in Australian penny collections as they are easily obtained. Even the British penny is used in its place in many collections so there isn’t a glaring vacant space. A copied coin should be marked ‘copy’ but is usually not. Fake 1930 pennies usually stand out amongst the rest as they are often poor quality forgeries with details that just look plain wrong to the eye when studied next to a real Aussie penny. Fake 1930 pennies often have bright lustre that is a tell-tale sign that it’s a recent copy.
A Real Penny, Sadly Not a Real 1930 Penny
In the past, those with the intent to deceive have taken an Australian penny from another year and changed the date to make it appear as a 1930 coin. Whilst this isn’t an offense, it becomes so when this coin is attempted to be passed off as a real 1930 penny. This type of coin is called an ‘altered date’ penny. Now this altered date type is the only 1930 penny I’ll ever be able to afford and it comes with a letter from the Royal Australian Mint advising as such. A collector in the past sought advice from the experts, which the Mint used to do for a fee, and appraised the coin to determine if it were genuine. The letter of advice is seen below.