Melbourne mint 1959 is a scarce date with only 1.6 million minted, however quite common in low - mid grades. This coin could be VF. Quite scratched and historic cleaning visible on Queen's effigy.
Looks like a 1959 (m) minted in Melbourne which is slightly less common than the 1959 (p) minted in Perth. The Perth version has a mint mark (".") after the Y of PENNY.
Since the coin is in VF condition you would probably only get about $7.50 if sold on a site like ebay.
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