Posted 10/18/2009 9:48 pm
The 1930 penny is probably the most famous of all the Australian Commonwealth coins. Its existence was not known for some time after the coin was released into circulation.
According to an article titled "Notes on Australian Pre-decimal Coinage" by Bill Mullett published in the 1996 Journal of the Australian Numismatic Society, "The now famous 1930 penny was the result of experimental work undertaken to produce better pennies for the 1930s". No pennies were ordered by the Treasury for 1930. The 1931 order did not specify a date to appear on the coins and so the good coins from the 1930 experimental work were available for distribution with the 1931 mint issue.
It is not known how many 1930 pennies were struck. Estimates vary from around 2,000 to 10,000 with about 3,000 being the most commonly quoted figure. About 1,500 coins are being traded in the marketplace.
The fame of this coin is responsible for its high price. A 1930 penny in VF condition will fetch above $30,000
According to an article titled "Notes on Australian Pre-decimal Coinage" by Bill Mullett published in the 1996 Journal of the Australian Numismatic Society, "The now famous 1930 penny was the result of experimental work undertaken to produce better pennies for the 1930s". No pennies were ordered by the Treasury for 1930. The 1931 order did not specify a date to appear on the coins and so the good coins from the 1930 experimental work were available for distribution with the 1931 mint issue.
It is not known how many 1930 pennies were struck. Estimates vary from around 2,000 to 10,000 with about 3,000 being the most commonly quoted figure. About 1,500 coins are being traded in the marketplace.
The fame of this coin is responsible for its high price. A 1930 penny in VF condition will fetch above $30,000
