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1934 One Penny Proof

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coinman1974's Avatar
United States
102 Posts
 Posted 08/11/2014  9:14 pm Show Profile   Bookmark this topic Add coinman1974 to your friends list Get a Link to this Message Number of Subscribers
hi all I picked this up the other day at the local coin shop for a couple of dollars can you tell me if its a proof or not

1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof
Valued Member
Australia
163 Posts
 Posted 08/12/2014  03:49 am  Show Profile   Bookmark this reply Add rbarat to your friends list Get a Link to this Reply
Hi there, based on the photos this appears to be a business strike. The scroll isn't fully struck up (last 2 pictures)
It has the echo around the inner circle like the proofs would have, but this is seen on business strikes as well.
Still a nice pick up for a few dollars.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 08/12/2014  04:05 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The 1934 Melbourne Mint proof penny is listed in Renniks Coin and Banknote Values at AUD $60,000.
By inference, only a handful of them must have been struck.
I would think that almost all of them would have a provenance, and would only be found in State Museums.

Also by inference, I don't think this is one of those proofs.

In EF (Sheldon AU), this coin is listed with a value of AUD $40, as a business strike, in the same book.


Nice pick up for the price, anyway.
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trout1105's Avatar
Australia
7096 Posts
 Posted 08/12/2014  04:16 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
By inference, only a handful of them must have been struck.


there were only 50 of these minted
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wwwww's Avatar
Australia
541 Posts
 Posted 08/12/2014  6:46 pm  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
We'd need photos of the whole coin to help you.
Valued Member
coinman1974's Avatar
United States
102 Posts
 Posted 08/12/2014  10:40 pm  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply
Ok I will get the pictures
Valued Member
coinman1974's Avatar
United States
102 Posts
 Posted 08/12/2014  11:30 pm  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply


1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof

1934-One-Penny-Proof
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wwwww's Avatar
Australia
541 Posts
 Posted 08/13/2014  02:08 am  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
It's been in circulation (and later cleaned) so it's not likely to be a proof. There's a die polishing line going horizontally from the E of ONE on genuine proof strikes.

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coinman1974's Avatar
United States
102 Posts
 Posted 08/13/2014  08:47 am  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply
sorry I couldn't get another picture just cropped this one is this the line you are talking about I don't know what you are talking about

1934-One-Penny-Proof
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trout1105's Avatar
Australia
7096 Posts
 Posted 08/13/2014  09:18 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
sorry I couldn't get another picture just cropped this one is this the line you are talking about I don't know what you are talking about


WWWW is a well known and respected collector in Australia and simply "Knows his Stuff" He also runs his own website and auction house.
I am pretty certain that if he took the time and effort to look at your coin then I would think that his opinion would be very valid
Valued Member
coinman1974's Avatar
United States
102 Posts
 Posted 08/13/2014  09:29 am  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply
Oh I know I'm new at this so I'm just asking questions that I don't know the answer to trying to get as much info that I can
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wwwww's Avatar
Australia
541 Posts
 Posted 08/13/2014  9:43 pm  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
The line isn't on your coin. The '34 proofs are not likely to be found circulated. While the Canberra proofs, '37 proof crown and '38 proofs can at times be found circulated, the '34 proofs were exported and most ended up in the US and it would be decades before they started returning to Australia, it's just not logical for them to be found circulated.
Valued Member
coinman1974's Avatar
United States
102 Posts
 Posted 08/14/2014  12:01 am  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply
could you show me where the line should be at there is two very fine lines that I can see but my phone doesn't take very good pictures as you can see
Valued Member
coinman1974's Avatar
United States
102 Posts
 Posted 08/14/2014  12:07 am  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply
It might not be logical but that doesn't mean its not possible I think that is a good catch frase sorry not making fun I just like star trek
Valued Member
coinman1974's Avatar
United States
102 Posts
 Posted 08/14/2014  12:16 am  Show Profile   Bookmark this reply Add coinman1974 to your friends list Get a Link to this Reply
Sorry I know you are a master of Australian proof coins but I think I need a better explanation of where the lines are and I think you can see them and pulling my leg because I cant get a logical answer from you about the line I saw one 1934 proof today that was clean and it only had one line in the E inside the bottom half if thats what you are talking about I have the same
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wwwww's Avatar
Australia
541 Posts
 Posted 08/14/2014  03:46 am  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
1934-One-Penny-Proof
1934-One-Penny-Proof

Here are images of the die polishing striation patterns around the E.
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