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1943 Australia penny question.

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JOE
Valued Member
United States
164 Posts
 Posted 05/07/2008  03:26 am Show Profile Bookmark this topic Add JOE to your friends list Get a Link to this Message

I have a quick question about this coin I found in a "Grab bag" of ancient coins at my local coin dealership, I was curious of what the value of this coin might be.

I'm pretty sure the value is probably around 5$ or 10$, But when I saw this auction on eBay, My heart kinda skipped a beat when I looked at the bids for it, It's the same coin, Just a different year.

http://cgi.ebay.com/1946-australian...NE_W0QQitemZ280222819106QQihZ018QQcategoryZ39394QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

So I was just wondering what the value of this coin would be, Here are some pictures.





Sorry about the photo quality (I've been procrastinating on getting a better camera)

Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  03:46 am  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
lol JOE yeh the other coin that was worth a lot on eBay with a diffferent year was the 1946 penny, the 3rd rarest penny after 1930 and 1925, it might be second though, either one. The 1946 one has a mintage of jsut over 300 000 hence its price.

Yours has a mintage of either 11 107 000, 33 086 000 or 9 000 000.

None of them are scarce dates, try ahve a look to see if there is a mintmark after the Y in penny, if it is a . it was struck in perth, with a mintage of 33 086 000, If it has an I, it was struck in India, with a mintage of 9 000 000, if it has none, it was struck in Melbourne, I think, with a mintage of 11 107 000.

According to Australian coins and banknotes by Greg McDonald

They are all worth 50c in very good, $1 in fine, $6 in very fine (most likely yours), in extra fine the plain one is $28 and the other 2 are $25. Then the prices differ more as the grade goes up. (Those prices are Australian $$$$$)
Edited by Spedward
05/07/2008 03:52 am
Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  03:54 am  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
By the look of yours I think it is a dot . after the Y in PENNY, so yours was struck in perth. So yours could range from $6 to $25 (Austalian)
Pillar Of The Community
Australia
1040 Posts
 Posted 05/07/2008  04:00 am  Show Profile Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
That's the great (terrible?) thing about Australian pennies. One year can be worth a fortune; 1930 in Fine, $27,000, and 1931 in Fine $12.

Unfortunately this is one of the more common years, it is a Melbourne mint penny, value between $1 - $6 in latest guide, as Spedward said.
Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  04:04 am  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
latman it might be a perth one though, cause I can kind of make out a dot after the Y.

but its still worth pretty much the same IN THIS CONDITION.
Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  04:05 am  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
Keep looking tho Joe! You might get lucky.
Pillar Of The Community
Australia
655 Posts
 Posted 05/07/2008  04:14 am  Show Profile Bookmark this reply Add Learjet to your friends list Get a Link to this Reply
The verdigris kinda kills any value over melt.
Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  04:30 am  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
yeh, but heres not very much, then again it spreads...
Pillar Of The Community
Australia
1040 Posts
 Posted 05/07/2008  05:07 am  Show Profile Bookmark this reply Add latman100 to your friends list Get a Link to this Reply
Spedward you may be right, hard to tell from the pic. I would have thought the dot would be a little more obvious, but then again, the Perth Mint war year coins were notoriously weakly struck. And yeah, the green gunk is a kind of downer.
Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  07:00 am  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
Yeh well I can't tell if it's a dot or not? but it looks like a tiny bump, it's definatly there but I don't know if it's a mintmark or jsut something else.
Moderator
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Australia
11054 Posts
 Posted 05/07/2008  09:45 am  Show Profile Bookmark this reply Add Sap to your friends list Get a Link to this Reply
An Australian coin in a grab-bag of ancients?

Hmmm. Must've been from a Rex Gilroy fan. [cue "Twilight Zone" music...]
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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5318 Posts
 Posted 05/07/2008  1:25 pm  Show Profile Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
"If it has an I, it was struck in India"

OK, I must be clueless--but where do I look for the "I" on the roo pennies?

I keep looking for the '46 in the bargain boxes! I've found a 1915, 1917, 1918 1d, 1939 roo 1/2d, 1924 1/2d, but darn--no 25 1d or 23 1/2d yet!
Valued Member
United States
164 Posts
 Posted 05/07/2008  2:49 pm  Show Profile Bookmark this reply Add JOE to your friends list Get a Link to this Reply
Thanks to everyone for helping me identify this coin, I had a feeling it would not be worth as much as the one on eBay, :( Ah well.

Oh, And looking at the coin, I'm pretty sure that there is a dot after the Y in penny, And I also see another type of mark below the last A in Australia, It appears to be a small star symbol with the number 6 beside it.

Oh and about the grab bag I got it from, The coin store in my area sells "Grab bags" of acient pennys for $19,99, I've found coins that come from all over the globe in these bags, I even have a coin from the USSR, hehe.
Formerly nancyc
Australia
3667 Posts
 Posted 05/07/2008  4:10 pm  Show Profile Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
Joe, What appears to be a small star symbol with the number 6 beside it will be the designers initials: KG

KurtS, The I is on the Obv almost in line with & under the point of the King's neck, but close to the rim denticles.
A friend is a present you give to yourself.

Nancy
Pillar Of The Community
Australia
839 Posts
 Posted 05/07/2008  5:22 pm  Show Profile Bookmark this reply Add Spedward to your friends list Get a Link to this Reply
So many things to look out for on these pennys.

Kurt you won't find many with the I mintmark, because there was only a few years they were struck in India.
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5318 Posts
 Posted 05/07/2008  7:23 pm  Show Profile Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Thanks Spedward--that's good to know!
I have the 1917 I and 1918 I pennies, but wasn't aware of '42-43 I.
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