Apr 182008
 

Rare Australian Coins – Brief History of the Penny

The first bronze (“copper”) penny coins to appear in Australia were minted in 1911. Up until 1918 these coins were minted in London, Birmingham and Calcutta. From 1919 the coins were produced in Australian mints in Sydney, Melbourne and Perth. Sydney production ceased in 1926. Nine different master dies were used for both the obverse and reverse sides of the coins and often different combinations of dies were used in the same year. Production of pennies ended in 1964.

The most valued example of the penny is the 1930. No coins were ordered for production in 1930 however it is believed some experimental work was done to produce better pennies. The good coins produced from the experiment were released with the 1931 coins. It is unknown how many 1930 coins were actually produced but there is believed to be some 1500 coins still in existence today. The fame associated with this coin is responsible for it’s high value.

Some rare examples of the penny include

  • the 1920 variety made using the London obverse die with a dot over the lower scroll, only three coins are known to exist.

  • 1931 penny with Calcutta obverse and London reverse, known as “Indian die, dropped one variety”. Only 20 specimens known to exist

  • 1930 penny struck with the London obverse. Only 2 authenticated but more are known to exist.

Example Values of the Penny

The following prices are for some of the most sought after penny coins. Coins minted in other years are also of value, those listed below are simply the “cream of the crop”. These prices are only a guide to possible marketplace values. There will be fluctuations in the actual marketplace. Prices will also vary depending on the condition of the coin. Some years show a range of values due to a number of variations in dies being used in that year. All values are listed in Australian dollars. For more up-to-date information on coin values, please visit the Australian Rare Coin Ready Reckoner.

Year Average Condition Uncirculated Condition
1911 1 375
1912 1.50 525
1913 1.5 775
1914 7.50 1900
1915 5 1600
1918 10 2500
1919 1-80 525-4500
1920 10-50 1500-8000
1922 2 850-1000
1925 100 20000
1926 2 1400
1929 1 1000
1930 27500 225000
1931 1 1500
1940 1-5 150-2500
1942 1-5 50-600
1946 50 1750

 

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  10 Responses to “Australian Rare Coins – Values and History of the Penny (pence)”

  1. [...] first bronze (“copper”) penny coins to appear in Australia were minted in 1911. Up until 1918 these coins were minted in London, [...]

  2. I have 1920 penny and a 1927 penny how do you know how mush they are worth?

    Regards
    Jock

  3. Jock, I would start by taking a look at the link in this article
    http://steven-cousley.com/2008/03/10/australian-coin-prices/
    I hope you find it to be useful.

  4. Hey mate,
    I have a few pennys that i was wondering the values: 1899 British one penny, 1912 australian One Half penny, 1927 Austalian One Half penny, 1921 Australian One penny, 1933 Australian One penny, 1919 Australian One Half penny, 1933 Australian One penny, 1936 Australian One Half penny, 1962 Australian penny, 1964 Australian penny, 1949 Australian penny, 1941 Australian penny.
    Thanks please email me the ball park values all pennys are in average condition.

  5. It would be best to consult an actual coin dealer for this information. My pages give a rough guide to value but as stated on the site actual market values will vary. The condition of the coins, the demand for them and current economic conditions could all play a factor. Some of the other links found on my pages may help you with the information you need. This particular page would be a good starting point http://steven-cousley.com/2008/03/10/australian-coin-prices/

  6. Yedda: RE: How much is a 1943 Copper australian penny worth?…

    Lilskies answered: re:How much is a 1943 Copper australian penny worth? …

  7. I have 2, 1908 one penny’s, 1878 one penny, 1910 one penny, 1911 one penny, 1927 one penny, 1882 one penny, I’m not sure if they’re Australian but this is what it says on the back of them:
    1911: GEORGIVS V DEI GRA: BRITT: OMN: REX FID: DEF:IND:IMP

    1910: EDWARDVS VII DEI GRA: BRITT: OMN: REX: FID: DEF: IND: IMP:

    1927: GEORGIVS V DEI GRA: BRITT: OMN: REX: FID: DEF: IND: IMP:

    1908: EDWARDVS VII DEI GRA: BRITT: OMN: REX: FID: DEF: IND: IMP:

    1882: VICTORIA D.G: BRITT: RFG: F: D:

    1908: EDWARDVS VII DEI GRA: BRITT: OMN: REX: DEF: IND: IMP:

    1878: VICTORIA D.C: BRITT: RFG: F: D:

    Can you please tell me if they are Australian and the price of them, and if they are not Australian can I have the price of them anyway please.

    Thank You
    Zach
    Email to: engag3d-bfmv@hotmail.com

  8. Some of those coins, especially the earlier ones would certainly not have been minted in Australia. If you look around this site a little more you will find links to the information you need.

  9. old coins…

    [...]Australian Rare Coins – Values and History of the Penny (pence) | What Steven Cousley Does[...]…

  10. i have a rear 1862 half penny with the letter c on the left of the lighthouse i would i like to no the vale im concirding selling at the right price

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