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1930 Penny Very Good

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1930 Penny Very Good

A truly affordable example of Australia’s most keenly-sought penny.

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PENNY King George V 1930

Obverse: Coronate bust of George V to right, legend around

Reverse: Denomination within legend, date below

A truly affordable example of Australia’s most keenly-sought penny.

The 1930 penny is undoubtedly Australia's most keenly sought rare coin - most everyone in the general public has heard of it (even if only vaguely), it's been THE coin that all pre-decimal coin collectors have lusted over for decades.

Not only is it an incredibly rare coin, it has a functional beauty that is unmatched by any other Australian rare coin.

Finding a cheaper than average 1930 penny that doesn't have any major quality issues is much harder than a lot of collector's realize.

When we look at a chart of the population of 1930 pennies (with each coin sorted according to the quality it's in), we see that the vast majority of coins grade between Fine and good Fine.

1930 Pennies Seen at Auction in Australia Since 1987

As you can see from the chart here, a 1930 penny that is really heavily worn is harder to get than one that is in much better condition.

That rarity is increased even further when we exclude coins that have been heavily damaged or are corroded - nearly all of the coins at the lower end of the scale fall into that category.

I don't recall the last time that I had a 1930 penny with this much eye appeal in this price range - it'd be 10 years at least.

Make no mistake though, the reason it is so affordable is because:

  • It is heavily worn (you can see that much of the detail in the King's crown on the obverse is missing);

  • It has a decent rim nick either side; and

  • It was once cleaned, and has since re-toned.

This is not a coin that I'd expect PCGS would grade, however it is unequivocally authentic, and looks a lot better than the price-tag might suggest.

If you're a dedicated collector keen to fill this gap in your collection while ensuring that your budget stretches as far as possible, this coin is for you.

It has strong details across the reverse, and has a pleasing patina. We believe it is excellent value for money for the budget-minded collector.

The 1930 penny is a solid tangible asset that has long had a widespread appeal among collectors and the general public. It has been a trusted store of value for many decades now - few other Australian assets resonate as strongly with the general public as being an obvious liquid and desirable asset as this important and historic Australian coin.

If you are interested in learning more about the historical background to this important Australian icon, you might like to read a previously-published article written by Andrew Crellin posted within the research section of our website.

If you'd like more information on recent sales statistics for comparable coins, don't hesitate to use the "Ask A Question" button, and we'll be pleased to share with you the auction research that we have prepared.