| Author |
 Replies: 10 / Views: 3,292 |
|
|
New Member
Australia
4 Posts |
Hello
For several years I have kept secret that I have a 1930 Aust. Penny in veyr good condition. No marks, everything legible and not dulled or tarnished. I also have pennies from 1896 and 1861. I have seen all sorts of prices suggested for 1930 penny and dont know who to believe. I am at a time in my life where I need capital to go into a new direction/venture. Do I sell it? Keep it? Get it valued with a certificate of value and use it as collateral for bank loand and still keep the coin? Put it into a safe deposit box? What would the coin be worth in another 20 years when I am closer to retriement?
Regards
|
|
|
|
Formerly nancyc
Australia
5385 Posts |
  You lucky devil!  I guess it all depends on how desperate you are for funds. If you need money badly now, take it to a Reputable Coin Auction house, or better still, a few. Don't let it out of your sight! In the 2009 Maccas Guide I have the values are: VG - $18,500: F - $27,000: VF - 50,000: EF - $125,000: aUnc - $170,000 So you can see that depending on the grade, the coin could be worth VERY BIG bikkies.  There are 3 more values/grades above those I gave, but by your description, it probably won't be up that high. Any chance of you posting a picture of it?  Whether to keep it or not is naturally a decision only you can make. It will never go down in value and there's so few of them, obtaining one is something I can only dream about. (Unless I win Lotto of course)  life is a mystery to be lived not a problem to be solved
|
|
Pillar of the Community
United States
2150 Posts |
|
|
New Member
 Australia
4 Posts |
I'm at work but will duck home at lunch and get it and send a pic. Paitence. Thanks for the info. Hey, it might even be fake for all I know but I was told by my grandfather it was one of the valuable ones.
|
|
Pillar of the Community
United States
2150 Posts |
When you get a chance, post a pic. We have some very knowledgeable members who may be able to authenticate it for you.
|
|
Moderator
 Australia
16844 Posts |
Quote:
I also have pennies from 1896 and 1861. Just to clarify: those two coins are not Australian pennies; we didn't make pennies way back then. Those will be British pennies, showing Britannia seated, holding a trident. If your 1930 penny has this same design (a seated woman wearing armour and holding a trident) then it's a British 1930 penny, which is nowhere near as rare as the Australian one. As for what to do with it (assuming it's genuine): it depends on how badly you need the money. The 1930 penny is our most famous rarity; as such, it probably isn't going to fall in value, though if the coin market slows down again the price may not rise as quickly has it has in times past. It will almost certainly be worth more in 20 years, but how much more we have no way of knowing. 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
|
|
New Member
Australia
4 Posts |
I presume the Brirish coins are worth not much even though they are very old - I have several from 1861 - 1910. I know the 1930 coin I have at home doe snot have the British emblam. But the more I have researched the more I really need to go home and absolute double check it is not a fake. I am prepared it could be.
|
|
New Member
Australia
7 Posts |
Hello Pete,I would definitely not use the 30 penny as collateral for a loan...if you borrow against it,and the business venture you partake in doesn't work out,the bank will take it away from you if you cannot meet the repayments.If you need the money,I would recommend also taking it to auction,or if you can hold it,yep then hold it.Great coin,and congrats on acquiring it.
|
|
Pillar of the Community
United States
588 Posts |
After reading these comments I cant wait to see the picture
|
|
New Member
Australia
4 Posts |
Bad news - fake. It is a 1938 coin that has been very cleverly ground down to make the 8 look like an 0. I had never really looked at it that closely before as I assumed it was all good and had never taken it ot of plastic sleeve. Spewing - though I hit jackpot. The only other coins I have that are good are a 1953 penny with the rarer 5 font and a 1922 penny with the 9 offset and sitting lower than the rest of the text
Sorry guys to watse time in forum. I am just as annoyed. I dont know if my grandfather knew it was fake or if he was hoping to pass it off as real and he is the culprit- would not put it past him as he was a bit of a arthur daley
|
|
Pillar of the Community
Australia
1040 Posts |
It can't be a 1938, they have a different obverse, King George VI instead of George V. Can you post a picture anyway to see what other year it might have been?
|
| |
Replies: 10 / Views: 3,292 |
|
Posted 02/11/2010 6:51 pm
