2580

AUSTRALIA: George V, 1910-1936, AE penny, 1930(m). NGC F15

Currency:USD Category:Coins & Paper Money / Coins: Ancient Start Price:7,000.00 USD Estimated At:7,000.00 - 9,000.00 USD
AUSTRALIA: George V, 1910-1936, AE penny, 1930(m). NGC F15
SOLD
7,500.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2016 May 21 @ 17:57UTC-7 : PDT/MST
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AUSTRALIA: George V, 1910-1936, AE penny, 1930(m), KM-23, obverse 2 'Indian' die, reverse A 'London' die, key date for the series, NGC graded F15 BR, RR. 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 entitled "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. Only about 1,500 coins are being traded in the marketplace. Obverse 2 is the 'Indian' die, easily identified by the last stroke of the N of OMN pointing to a border bead. This penny obverse die was used at the Calcutta, Melbourne, Sydney and Perth mints. There are 178 border beads. Reverse A is the 'London' die, and can be distinguished by the relative position of the letters ALIA of AUSTRALIA with border beads, with the tops of the letters AL aligned with and IA between beads. This is the original penny Reverse die of the series used at the London, Melbourne and Sydney mints, and has 174 border beads.