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Pillar of the Community
United States
980 Posts |
For today's herald-sun
Pretty little penny
By ANTHONY BLACK
27nov05
A 1930 proof penny is destined to sell for more than $1 million within five years, according to rare coin dealer Belinda Downie.
Ms Downie, managing director of Coinworks, made the prediction after recently selling the rare coin for a record price.
"A sale of $620,000 really does say something about the investment potential of the industry, but it's much more than the investment aspect," Ms Downie says.
She says collectors are also buying history that is intrinsic to a coin from a particular era.
The coin dealer says only six 1930 proof pennies were ever struck. Three are housed in public institutions and the others are in the hands of private collectors.
"The 1930 penny is the symbol of the coin-collecting industry," she says.
"The 1930 proof is the absolute ultimate. It was struck as a showpiece."
Ms Downie said 1930 pennies which were in circulation fetched between $25,000 and $30,000. Between 1500 and 3000 were left.
"Australian collectors are very passionate, especially about those things that speak about their heritage,"she says.
The Reserve Bank of Australia will auction its stockpile of gold sovereigns and half sovereigns on Tuesday and Wednesday at the Old Treasury Building in Spring St.
Edited by rggoodie
12/26/2005 8:43 pm
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Pillar of the Community
Australia
1529 Posts |
The 1930 penny is the holy grail of all Aussie Collectors, given the same sort of reverence as your 1933 Gold Double Eagle. Though not in the same class pricewise, it is about time for this penny to move upwards when taken into consideration movements made by other Australian rarities.
The recent changes to our tax laws where individuals can now invest their superannuation funds in rare coins have brought in investors thereby fuelling the massive price hikes of our predecimal rarities. Excellent for those who have those coins in their collection, but not so for those aspiring to obtain one.
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Pillar of the Community
Australia
1529 Posts |
Here is a 1930 penny that will not cost $600K....just released from the Perth Mint, this issue is minted under authority from the Government of Tuvalu.  I fail to see the connection between the 1930P and Tuvalu ISlands..  |
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Moderator
 United States
23531 Posts |
As you may be aware the mint does Coins for many countries, - so far I still refuse to by any unless they say AUSTRALIA- so I have mised some nice coins, but I have to draw the line somewhere.
rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
Australia
1529 Posts |
It does say "Commonwealth of Australia" on the reverse RG...  |
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Moderator
United States
23531 Posts |
quote:
Originally posted by lim118
It does say "Commonwealth of Australia" on the reverse RG...
Yes but it says TUVALU on the front. Just like the Christmas Isnland 7 other coins from Australian Terrirories- no real interested in them. QUESTION- There was a bloke in Australia a few years back who tried to set up his own State- Country- Kingdom- What is the status of that and I believe he started his own bank and currency- can you enlighten the forum on this matter- just a little fun history and some information on his coins or banknotes if any THANKX rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
Australia
1529 Posts |
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Moderator
United States
23531 Posts |
quote:
Originally posted by lim118
Self styled Prince Leonard of the Hutt Valley Province in Westrn Australia 
Click Here for History
Coins of Prince Leonard
Many of the new collectors will know of the RAM and the Perth MintDo you want to tell everyone What is the "New Queensland Mint" ? rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
Australia
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I know very little of the so called New Queensland Mint, perhaps you can enlighten me as well RG...  |
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Moderator
United States
23531 Posts |
quote:
Originally posted by lim118
I know very little of the so called New Queensland Mint, perhaps you can enlighten me as well RG...
From my research I believe the New Queensland Mint is the Mint of the Hutt River Province. However I have not been able to locate where or exactly what it is (used both Australian and American search engines) There are some interesting facts about the man who was responsible for the coinage of the Hutt river Province coins A charismatic individual by the name of Kevin Gale became associated with the Province, swiftly rising through the ranks of the nobility to the position of Prince Regent - second only to Prince Leonard himself. Gale, a computer business owner and former convicted forger who lived in the state of Queensland - on the opposite side of the Australian continent from Prince Leonard - progressively effectively gained control over the Province's commercial operations. The result was a powerhouse business that issued staggering volumes of Hutt River Province stamps, coins, knighthoods and peerages - all of them aggressively marketed via direct mail. By the early 1990s Gale's activities had become independent of those of his sovereign in all but name - and apparently very little of the money raised as a result of his activities was finding its way to Prince Leonard's treasury. The Prince Regent regularly hosted lavish public functions and ceremonial investitures, was associated with high-profile charitable fundraising activities on the Queensland Gold Coast, and at the time of his sudden death in 1995 was also allegedly seeking to overthrow Prince Leonard, install himself as Sovereign, and establish Hutt River Province as an independent state on an island in the Pacific When the extent of Gale's activities came to the attention of Prince Leonard, the Prince Regent was declared a traitor to the Hutt River Province, and was posthumously stripped of all his titles and honours. The entire fifteen-year episode remains highly contentious to the present day; Prince Leonard's administration refuses to even acknowledge it, and supporters of Gale continue to claim that he has been a victim of misrepresentation. The dramatic split between supporters of the two princes certainly appears to have had a detrimental impact on the Province's viability, and activities since that time have been of a considerably more subdued nature. rggoodie
aka Richard
"catch em doing something right"
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Pillar of the Community
Australia
1529 Posts |
quote:
Originally posted by rggoodie
quote:
Originally posted by lim118
I know very little of the so called New Queensland Mint, perhaps you can enlighten me as well RG...
From my research I believe the New Queensland Mint is the Mint of the Hutt River Province.
However I have not been able to locate where or exactly what it is
(used both Australian and American search engines)
There are some interesting facts about the man who was responsible for the coinage of the Hutt river Province coins
A charismatic individual by the name of Kevin Gale became associated with the Province, swiftly rising through the ranks of the nobility to the position of Prince Regent - second only to Prince Leonard himself. Gale, a computer business owner and former convicted forger who lived in the state of Queensland - on the opposite side of the Australian continent from Prince Leonard - progressively effectively gained control over the Province's commercial operations. The result was a powerhouse business that issued staggering volumes of Hutt River Province stamps, coins, knighthoods and peerages - all of them aggressively marketed via direct mail.
By the early 1990s Gale's activities had become independent of those of his sovereign in all but name - and apparently very little of the money raised as a result of his activities was finding its way to Prince Leonard's treasury. The Prince Regent regularly hosted lavish public functions and ceremonial investitures, was associated with high-profile charitable fundraising activities on the Queensland Gold Coast, and at the time of his sudden death in 1995 was also allegedly seeking to overthrow Prince Leonard, install himself as Sovereign, and establish Hutt River Province as an independent state on an island in the Pacific
When the extent of Gale's activities came to the attention of Prince Leonard, the Prince Regent was declared a traitor to the Hutt River Province, and was posthumously stripped of all his titles and honours. The entire fifteen-year episode remains highly contentious to the present day; Prince Leonard's administration refuses to even acknowledge it, and supporters of Gale continue to claim that he has been a victim of misrepresentation. The dramatic split between supporters of the two princes certainly appears to have had a detrimental impact on the Province's viability, and activities since that time have been of a considerably more subdued nature.
Mmmmmm....I will try to find out more. I know the current "Minister of Tourism" employed there...he was the past owner of a pub located quite close to Town. |
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United States
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rggoodie
aka Richard
"catch em doing something right"
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New Member
Australia
31 Posts |
I was working for the printer who printed Prince Leonard's first banknotes.
Can't tell you much about it. I was just the 16yo mushroom at the time, so I wasn't told anything. Security was increased from non existent up to a couple of guards who stayed with the money from Perth to the Hutt River Province.
I remember everything was fairly hush hush at the time.
Printing, I think was actually carried out in the dead of night from memory (it was 30 years ago).
I'm not sure if the law permits anybody to print money, so this might have had something to do with the secrecey at the time.
Also was involved in a off-road race that Prince Leonard hosted on his Principality (farm) and the winner was knighted (not us).
I have met Prince Leonard and some of his family. Nice people.
His brother is the original camel man from Cable Beach in Broome,calls himself Abdul or something.
Don't know anything about the joker from Queensland.
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Moderator
United States
23531 Posts |
I have contacted the The office of The Charge D' Affaires for he Hutt Rier Provience http://www.huttriver.net/The office of The Charge D' Affaires in New England is an official representative of the Hutt River Province Principality (HRPP) and HRH Prince Leonard. The main function of this mission is to educate and inform the public of the history and goals of HRPP, facilitate relationships with the host government and other significant non-government organizations, and serve as a liaison office for Hutt River Province Overseas Citizens. I have enquired about the New Queensland Mint and the following is his response and a link to yet another site Emperor Can you direct me to any information on the "New Queensland Mint" Which does the Hutt River Province Coins I am doing research for my site which is strictly educational about Australian coins. Hi Richard, The New Queensland Mint was a business name used by Continental Coin Co of California for the many Hutt River Province coin mintages they produced. Continental went broke in the 1990s. George www.imperial-collection.net rggoodie
aka Richard
"catch em doing something right"
Edited by rggoodie
12/03/2005 6:46 pm
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Pillar of the Community
Australia
1529 Posts |
Great stuff RG...top "Sherlock Holmes" stuff...  So called Prince Leonard is treated very much as a joke and there is no way I am willing to exchange my good Aussie dollars for any of his worthless coins, banknotes or stamps.  Beats me how he has got away with it for so long, to seeceed is treason. In discussions last night at our watering hole, someone mention the "Magna Carter" and apparently he found a legal loop hole there. |
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Moderator
United States
23531 Posts |
quote:
Originally posted by rggoodie
I have contacted the
The office of The Charge D' Affaires for he Hutt Rier Provience
http://www.huttriver.net/
The office of The Charge D' Affaires in New England is an official representative of the Hutt River Province Principality (HRPP) and HRH Prince Leonard. The main function of this mission is to educate and inform the public of the history and goals of HRPP, facilitate relationships with the host government and other significant non-government organizations, and serve as a liaison office for Hutt River Province Overseas Citizens.
I have enquired about the New Queensland Mint and the following is his response and a link to yet another site
Emperor
Can you direct me to any information on the "New Queensland Mint"
Which does the Hutt River Province Coins
I am doing research for my site which is strictly educational about Australian coins.
Hi Richard,
The New Queensland Mint was a business name used by Continental Coin Co of California for the many Hutt River Province coin mintages they produced. Continental went broke in the 1990s.
George
www.imperial-collection.net
CORRECTIONI have just heard from George he is not the Charge D affairs I have resent the letter to who I believe to be the correct person but here is Georges' reply. Please note that I have no association with the Hutt River Province, and I most certainly am not its "Charge D'Affairs in New England" - or anywhere else. I am Sovereign Head of State of the Empire of Atlantium, and have been so for the past 24 years. Kindly update your records accordingly. Georgivs II Imperator et Primvs Inter Pares Sovereign Head of State Empire of Atlantium www.atlantium.org rggoodie
aka Richard
"catch em doing something right"
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Replies: 15 / Views: 8,032 |
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Posted 11/26/2005 4:07 pm
