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 Replies: 31 / Views: 22,051 |
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New Member
Australia
9 Posts |
@Fliporfly; eeeek. Personally, unless int is a rare double dot, which you said it wasn't, this one would go into the 'send to local auction scrap tin'. Terrible condition.
Edited by coin asylum
05/20/2011 08:58 am
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Pillar of the Community
Australia
852 Posts |
Coin asylum: you are mistaken in calling the double dot rare. The double dot die was used to mint hundreds of thousands of coins and was likely in the top 3 1920 dated dies for production. It is possible that the extra dot on that die was due to the experimentation work at Melbourne mint and that die is the only die for that year that exhibits a triple spur (3 distinct die clashes from die rotation).
There was more than one London obverse die used but collectively they struck fewer coins than the single double dot die.
Even when in crappy condition such as the coin in the photo it still has some value, had it not been cleaned its value would have been between $75 and $150 and double the price of a double dot coin.
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New Member
Australia
9 Posts |
Well, the 1920 no dot is listed as rare in the current McDonald's and the double dot has a value of more than three times the no dot.
You stated yourself that it is a dot below the bottom scroll with a current catalog of $7 in VG. And you can't sell them for that in VG.
The coin pictured by Fliporfly is badly corroded, badly scratched and cleaned. For me, I wouldn't give it a second look.
Had it not been cleaned, which is beside the point, I would value it at no more than $50 at a stretch.
Edited by coin asylum
05/20/2011 1:29 pm
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New Member
Australia
9 Posts |
So I have 2 x 1920 pennies no apparent dots are they scarce or common and value average circulated. Or as nealefendi says worn or filled dies.Ill try for a photo upload in the morning. thanks.
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New Member
Australia
9 Posts |
I would say reasonably common in lower grades, but quite scarce in higher grades. I find it strange that the latest McDonald's has the 1920 no dot listed as rare, but doesn't list the 1920 double dot as scarce or rare. Must have been a typo!! Here are some in low grade for $3.95 each; http://www.ebay.com.au/itm/1920-Aus...em53e798df32 You can sell them for about $12-$15 in gVG-aFine, and about $350 in VF is reasonable. |
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Pillar of the Community
Australia
852 Posts |
Coin asylum; the ebay coin you posted is a curved base coin. All curved base 1920 pennies are dot below (I am reasonably certain of this as I have thousands of curved base 1920 pennies and in about 98% of them I can identify die markings sufficiently well enough to know which die they came from and every one of those dies were dot below). The $7 catalogue value is for the common Indian reverse. About 98% of all 1920 pennies have the Indian reverse and about 2% are the English (London) reverse (including fliporfly's crappy coin). The no dot 1920 is probably scarce, not rare and I have a few hundred of them from at least 7 die pairings (all flat based lettering). That is subject to the caveat that any of those no dot die pairings may later be identified as a dot below. I have identified over 70 dot below die pairings and in some cases a flat based lettering die that I had thought to be no dot turned out to have a dot either when I obtained an early strike coin or a high grade coin. Because most dealers and collectors cannot identify individual dies they assume that any coin that has no visible dot is a "rare" no dot and probably wonder why they seem common in low grades but very scarce in high grades (where the dot is usually more visible). Even in UNC some dot below coins may have no visible dot due to die fill and I have seen them sell at auction for several thousand dollars more than comparable coins with a visible dot. |
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New Member
Australia
9 Posts |
Fair enough. It is a London die. My apologies. Your valuation was probably closer than mine.
Edited by coin asylum
05/25/2011 05:45 am
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Pillar of the Community
New Zealand
526 Posts |
Just bought a collection of Aussie Pennies and 1/2 pennies (contained in a lot of about 450 coins)......this will keep me busy for awhile. Noticed the only 1920 penny has the dot above the lower scroll. A dealer on ebay has one 1920 - DOT ABOVE (lower) SCROLL - AUSTRALIA PENNY, SYDNEY MINT VERY SCARCE. US $188.00 - Item number: 230774554992Just wondering if that is a fair representative price? Will try to photograph the coin tomorrow in daylight. The scanner is not giving a good image. |
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Pillar of the Community
Australia
4411 Posts |
The value depends so much on grade it would be useless to give you an approximate value really. If you post pictures we can have a look at the grade and give a more accurate price for you.
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Pillar of the Community
New Zealand
526 Posts |
Greatly appreciated enworb I will photograph the coin tomorrow. Unfortunately the scanner is not up to it as you see here - very grainy.  |
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Pillar of the Community
Australia
4411 Posts |
The obverse is perhaps the side that has the larger bearing on grade so when you get some photos make sure you snap bot sides  Im in New Zealand at Taupo on holiday at the moment and have been finding some nice coins everywhere I go so far. There is plenty of Aussie coins to get you into them. The New Zealand coins are beautiful and very cheap compared to Aussie coins with comparable mintages. My favourites are the penny and half penny, followed by the half crown. |
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Pillar of the Community
New Zealand
526 Posts |
OK here it is. The dot is not obvious on the photo, but it is there above the lower scroll when viewed with a loupe. Appreciate everyone's comments on the coin and rough ideas re value. Thanks   |
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Pillar of the Community
Australia
852 Posts |
Hi Bas;
Your penny is in slightly above average circulated condition (5 pearls, decent rims, no detracting faults).
I buy a few hundred dot over/above scroll coins every year and the particular working die that struck your coin is easily the most common die found for that year (I have over a thousand coins that match your coin, you should see a small dot between the NY of penNY and another in the fork of the Y) so the word "rare" on the coin holder is misleading. Worth under $10 (perhaps under $5) and for $10 I usually get coins with part centre diamond
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Pillar of the Community
New Zealand
526 Posts |
nealeffendi
Greatly appreciate your input.
I know cleaning can be detrimental to the value of coins but do you do anything to the Aussie One Pennies/half pennies to improve their appearance/condition?
Looking at them with a loupe reveals copious amount of dirt in the grooves.
TIA
Edited by Bas S Warwick
07/12/2012 6:00 pm
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New Member
France
9 Posts |
My documentation of this coin as reported to numista  |
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Replies: 31 / Views: 22,051 |
First Page
Posted 05/20/2011 11:23 am
