Australia 1930 Proof Penny Copy – 1 Troy oz

AUD$0.00

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SKU: COL651930ONEPENNY-9B Category:

Description

This is a copy of the very rare 1930 Australian one penny coin.

It is a cameo mirror proof strike and exceptionally beautiful to look at.

The fine detail really does give it something of a wow factor and as an item for display or as a unique gift then look no further. 

Kindly note that this item is sold as copper bullion and not as a coin of circulation.

It has the word Copy struck on the reverse. Each coin is individually encapsulated for preservation.  T

he coins are 1 ounce pure copper bullion running .999 fine and are sold as copper bullion and not as a coin of circulation.

Obverse:

George V  GEORGIVS V D.G.BRITT: OMN: REX F.D.IND:IMP: by Bertram Mackennal

Reverse: 

ONE PENNY COMMONWEALTH OF AUSTRALIA / (COPY as additional text) by W.H.J. Blakemore

Additional information

SKU

Design

Mint Type: Proof Strike    Mintage Date: 2010   Diameter: 30.8 mm

Thickness: 3 mm     Edge: Flat 

Composition: 99.9% Copper

ISO: Cu-ETP

Weight: 1.0000 troy oz. (31.1g)

Content: Copper 1 troy oz.

One troy ounce = 480 grains, or 31.10 grams.  There are also 20 pennyweights to a troy ounce. A troy pound contains 12 troy ounces (over 13 avoirdupois ounces) and is equivalent to 373.24 grams.  32.15 troy ounces = 1 kilogram.

History

The Australian 1930 Penny is the rarest coin that was ever released into general circulation in Australia. Only three thousand were reputed to have been struck. There are only 6 proof coins known to exist, 3 in museums and 3 in private collections.  A 1930 UNC example was recently on display at the Powerhouse Museum and has an estimated value of more than one million dollars.  A private collector recently declined an offer of $1,000,000 AUD for his proof coin whilst another has accepted an offer of AUD$650,000.

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