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Recent Articles 22-Feb-2020

Rare Pre-Decimal Coins

Anna Fhaumnuaypol Pre-decimals are coins that everyone, whether you are a collector or just starting out, usually have in their collection which have the potential to truly worth a lot of money. It represents a very interesting look into the past since when it was first introduced in Australia in 1910.
25-Jan-2020

1942 and 1943 Bombay Mint Copper

Anna Fhaumnuaypol During wartime, the demand for pennies and half pennies increased immensely due to pay requirements of Australian and American forces within Australia. However, the availability of metals, especially copper and silver used for coins, was in shortage due to it being used for the war effort for munitions. Moreover, people were continuing to hoard silver and copper coins in money boxes for fear of instability resulting in banks running out of coins to function their day-to-day routine.
22-Nov-2019

Collecting Old Australian Coins

Walter Eigner Collecting old Australian coins provides a fascinating glimpse into Australia's history through its circulating coinage. While there is a general impression that old coins are too expensive for new collectors to collect that couldn't be further from the truth. For just a few dollars you could obtain a later year mint-state pre-decimal coin, and for less than the cost of a modern proof set you can purchase a George V (1911-1936) pre-decimal coin.
1-Nov-2019

The case for certified coins

Walter Eigner The debate on certified coins vs uncertified coins has been going on in Australia since PCGS first reached the mainstream Australian market back in 2008. While today most Australian coin collectors favour PCGS graded coins, a recent incident has reaffirmed the importance of and buying certified coins and valuing them first, especially when buying on-line.
5-Oct-2019

Valuing Old Coins

Walter Eigner By far the most common question we get asked is "what is my coin worth?" Perhaps you found a few old coins which is why you're here reading this article. Maybe you're a seasoned collector already looking to get more precise values for your coins than the printed catalogues can offer. Perhaps you're an investor looking to value your coin portfolio. This guide will cover all of that.
28-Sep-2019

The Silver of Edward VII

Walter Eigner Although Australia had been a nation since 1901, it wasn't until 1910 that her first official coins were produced. While the Melbourne mint was producing sovereigns and half sovereigns at the time, these were technically Imperial British coins. The first coins issued specifically for Australia were struck in silver and of the denominations threepence, sixpence, shilling, and florin. These featured the Australian Coat of Arms on the reverse and the crowed bust of King Edward VII on the obverse.
10-Sep-2019

Sydney Mint Half Sovereigns

Walter Eigner The discovery of gold in the colony New South Wales in 1851 prompted a surge of immigration among prospectors seeking wealth in the new colony. This lead to the production of half sovereigns in Sydney as of 1855. Only 3.3 million half sovereigns were produced from 1855 to 1869 resulting in individual years being very scarce and valuable. To add to this, the high bullion content of Sydney mint half sovereigns, which were alloyed with silver, compared with their British counterparts, which were alloyed with copper...
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Australian 1942 and 1943 Bombay Mint Penny and Half Penny

Introduction

During wartime, the demand for pennies and half pennies increased immensely due to pay requirements of Australian and American forces within Australia (The Argus, 1942). However, the availability of metals, especially copper and silver used for coins, was in shortage due to it being used for the war effort for munitions. Moreover, people were continuing to hoard silver and copper coins in money boxes for fear of instability resulting in banks running out of coins to function their day-to-day routine (Warwick Daily News, 1942).

The shortage continued to become prominent and Australia was in need of help for the production of coins like their pennies and half pennies. Like in World War I, this was provided by India where copper coins were produced with the Royal Mint in Melbourne supplying the master dies. The striking of coins at foreign branches of the Royal Mint was quite common with Australia supplying neighbouring countries in the Pacific and New Zealand (The Central Queensland Herald, 1942).

While during World War I the Calcutta mint struck Australia's copper coins, in 1942 and 1943 it was the Bombay mint that assisted by striking 6 million half pennies and 9 million pennies each year. This was in addition to nearly 40 million half pennies and over 34 million pennies already produced at the Melbourne and Perth mints.

In 1965, the 1942 half penny was produced again in India but this time as proof coins for collectors costing $3 each at that time. Though the contract given to India to mint the 1942 and 1943 half pennies already expired, the die cast remained in India and was not returned to either Australia or England allowing them to produce for collectors looking for the coins in better condition (The Canberra Times, 1966a).

The Canberra Times, 28 March 1966

Though the first collectors believed the coins were legal, after a few months the Australian Government requested for the practice to be discontinued (The Canberra Times, 1966b).

The Canberra Times, 02 May 1966
Next Page: Features