Why is the 1930 Australian penny so valuable?

Regardless of why the 1930 Penny was struck, the key issue is, of course, that so few were struck. The known existence of some 1,500 examples, combined with the unique Great Depression heritage, has given this coin a status unrivalled in Australian numismatics.

How much is an Australian 1930 penny worth?

The 1930 penny is one of the rarest Australian coins, due to a very small number being minted, and holds the record as the most valuable copper penny in the world. It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more.

What is special about the 1930 penny?

The rare 1930 Penny

Eminently historic and unquestionably rare, the 1930 Penny was a product of the Great Depression. The worldwide deflationary spiral saw Australia's economy shrink, and the Melbourne Mint was not required to strike many coins from 1929 to 1933. No pennies were struck in 1930 - or so it was thought.

Is a 1930 penny a good investment?

It is a solid coin. Financially reliable. Everyone knows about it and the coin comes with a solid reputation for growth. One of the great advantages of buying a 1930 Penny is that you can have the pleasure of ownership and make money along the way.

Which Australian penny is the rarest?

1945 Penny

The title of Australia's rarest penny, while many think it's the 1930 penny, actually goes to the ones made at the Melbourne Mint in 1945. Featuring Thomas Humphrey Paget's effigy of King George VI and the jumping kangaroo reverse, only four pennies were produced at the Melbourne Mint that year.

A premium example of Australia's most popular rare coin - the 1930 Penny

How many pennies were minted 1930?

157,415,000 were struck and are on a rarity scale as: Abundant within the early era coins. Grading condition of your coin is important to finding premium examples of these 1930 cents.

What Australian coins are worth money?

What year is rare penny?

The 1943 copper-alloy cent is one of the most enigmatic coins in American numismatics — and reportedly the most valuable Lincoln penny of all.

Are old Australian pennies worth anything?

The most valuable Australian penny is the Proof 1930 Penny, the most recent sale occurring in March 2019 for $1.15 million. The coin was especially struck as a Presentation Piece at the Melbourne Mint during the Great Depression.

Why is the 1933 penny so valuable?

The reason so few were produced was that the Royal Mint had a surplus of penny coins in 1932, and did not need any more in the following year. Most of the 1933 pennies are in private hands, although one of the Pattern versions is in the Royal Mint's museum.

What penny is worth the most money?

The finest known 1792 Birch cent sold at a Heritage auction in 2015 for nearly $2.6 million, making it the most ever paid for a one-cent piece at auction, he said. A penny's worth depends on its quality and rarity.

What years of coins are worth money?

Does Coca Cola clean coins?

Who would have thought that your favorite soda is also a great cleaning agent? Yes, that refreshing can of Coke that you like to drink by the pool can also clean coins. Coke's phosphoric acid can clean the oxides that cause tarnish and corrosion.

Can vinegar clean coins?

Vinegar. A common ingredient in DIY eco-friendly cleaners, the acetic acid in white vinegar can help wear away the contamination on your coins. Soak your coins in a glass or other non-corrosive container for at least 30 minutes, up to overnight, and then wipe with a clean cloth or scrub gently with an old toothbrush.

What is the green stuff on pennies?

Your green pennies have what is called a patina. A patina is a thin layer that has formed on the surface of your copper penny from “weathering” and oxidization from the chemical process we just put the penny through. The Statue of Liberty is covered in a thin layer of copper.