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 Replies: 16 / Views: 4,439 |
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Pillar of the Community
United States
1195 Posts |
They were asking $5 US at a coin shop (not my usual one) a half hour north of my house. I knocked him off guard a little with an offer of $4 (Oz $4.44) in circulated Ike dollars, stood firm and he acquiesced. Thumbnail-ish pic:  Full Resolution: http://i.imgur.com/YUeW0gy.jpgShowed it to my grandpa, and he said "I'd hate to have a bunch of these in my pocket!" I think I did OK, but I could be wrong. Am I? |
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Valued Member
United States
261 Posts |
Were these struck in the 1800s?
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Valued Member
Australia
86 Posts |
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Were these struck in the 1800s? I don't think so, the 'I' below the bottom scroll (inside the inner ring, above the date) stands for India, 3.32 million were minted at Calcutta, in 1916 during WWI. |
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Pillar of the Community
Australia
852 Posts |
I have several hundred of that year (not rare). I used to get them for 20 cents each from scratch bins but now any Geo V coins are quickly cherry picked (leaving the roos)so I only pick one up every few months. In bulk lots of Geo V pennies they are common enough and bulk Geo V go for 50 cents and up.
Your coin is barely above average circulation grade and worth perhaps a dollar.
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Pillar of the Community
Australia
4411 Posts |
Even a dollar would be a stretch. At the end of the day $4 is t too ba to have a new coin in your collection from a country or denomination that you didnt have previously. I've happily paid $5 for a world coin worth 50c jst eause I hadnt seen it before and id rather have that coin than an extra coffee.
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Pillar of the Community
Australia
7096 Posts |
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Even a dollar would be a stretch. At the end of the day $4 is t too ba to have a new coin in your collection from a country or denomination that you didnt have previously. I've happily paid $5 for a world coin worth 50c jst eause I hadnt seen it before and id rather have that coin than an extra coffee.  I have paid more that market value for some of my Canadian large cents simply because I like them and they are bloody hard to get in Aus. $5 is cheap for the enjoyment you get IMHO  |
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Pillar of the Community
 United States
1195 Posts |
So, my new penny is nothing too special as far as Australian pre-decimal coins go. What grade would you guys give it? Poking around the Internets, this price guide is a little high then? |
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Pillar of the Community
Australia
4411 Posts |
Grade is VG. That price guide is pretty darn good. It has F-12 at $2.
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Pillar of the Community
United States
1195 Posts |
Hmmm, what are the general grading standards for such a coin?
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Pillar of the Community
Australia
4411 Posts |
See here for grading KGV Aussie coins: http://www.anda.com.au/documents/re...%20coins.pdfDid you have it pegged as a higher grade? If you were to look at high grade examples you will notice the significant wear on your coin. The detail on the obverse is quite intricate on a fully struck uncirculated coin. Your coin is a decent VG example with no big rim nicks, damage or scratches etc. |
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Valued Member
Australia
86 Posts |
Here's another example of the same coin. Notice there is more detail in the headband of the King's crown and his beard, plus the regalia of his robe. This one is about VF (Aussie grade) or Sheldon EF-40. Correct me if I'm wrong enworb, please.  |
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Pillar of the Community
Australia
4411 Posts |
Im going to assume that the obverse rims are a result of photo cropping rather than actual damage to the coin. I would have called that one gVF. Theres pretty good detail in the crown and I can make out 8 pearls. This is my 1916 penny http://www.numisbid.com.au/Browse/PCGS/24735646/The highest pearls are more apparent in hand and the coin has a beautiful blue tone. |
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Pillar of the Community
United States
3486 Posts |
trout hit the nail on the head. What is common in one country may be scare in another.
A while ago I offered to trade a coin with a collector in Sweden. "Oh, those are very scarce over here. Yes, I agree to the trade."
And, of course, in this day $5 is a small price to pay for years of enjoyment.
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Valued Member
Australia
86 Posts |
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Im going to assume that the obverse rims are a result of photo cropping rather than actual damage to the coin. That's right, I didn't like the background so I used a elliptical selection tool to crop the images which left the rims looking much worse, I won't do that again. That's a very nice coin you have enworb!  |
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Pillar of the Community
Australia
2180 Posts |
I would have said it's a bit better than VG.
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New Member
Australia
49 Posts |
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Replies: 16 / Views: 4,439 |
Posted 08/21/2013 3:49 pm
