I thought I would start a separate thread for this. How many varieties and errors are there on this coin? Mintage? What does the dot before Penny mean? Where it is minted? The U in Australia is more that it is not well formed rather than 100% broken I think. The rest though certainly look like errors? What do you all think?
Here are some pages from the Krause catalog from 2009 (some of the values are now a bit off ) but will give you a ballpark market value. The other page is of all known mintmarks of Australia; this one you have was minted at Melbourne and has no mintmark on your coin. As to your circled features, they more than likely are die chips leading to "broken" numbers and letters.
You can find updated values at ngccoin.com on their world coin price guide which is the Krause catalog online.
go to the reference section of the website there is a free reference e book for australians error coin, the date might be old but it has a more complete error reference. Use to be errors where quite hot not that much for pre demicials unless you're a big collector and only the rare ones. would say you piece maybe 10-5 dollars compared to 3-0.5.
Thanks ryurazy. I guess pricing is always an interesting topic with all things. An item value compared to what someone is willing to pay can be vastly different. Lots of error 1928 on ebay for a few hundred dollars but so so many in the sold section. Non error VF are around $20 'value'.