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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...
Next Page: Rare Pre-Decimal Varieties

A Point in History through Rare Pre-Decimal Coins

Introduction

Anna Fhaumnuaypol 22-Feb-2020

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. Spanning from the reign of King Edward VII all the way to Queen Elizabeth II, pre-decimals lasted until 1964 before Australia went through the 'decimilisation' in 1966. Rare pre-decimal coins provided an insight glimpse into the history of the time period which have captivated collectors and the general public for decades making some of them among the most sought-after coins that can be worth up to thousands of dollars. Here are the rare pre-decimal coins of important key dates that you might want to be aware of its value and the story behind it.

Most Well Known and Rare Pre-Decimal Coins

1930 Penny

It wouldn't be a complete article about pre-decimal coins without the mentioning of one of Australis and the world's most valuable coin – the 1930 Penny. Its rarity comes from the fact that it was never meant to be struck due to the height of the Great Depression when demand was low. However, the coins were revealed to exist to the people in the 1940s sparking interest and fame. In May 1945, a popular trend of finding the 1930 penny started with the Sydney's coin collector announcing he would pay ten pounds the specific coin. With a mintage of roughly 3000, it caused a frenzy of the public going through thousands of coins in hopes of finding one which generated a sense of rarity that was very well publicized.

1923 Half Penny

Sometimes coined as the 1930 Penny's little brother, the 1923 Half Penny is another rare coin for the collection of pre-decimals. Specifically known as Australia's greatest halfpenny date, this is because there are very few that was struck with the date 1923 with an estimated mintage of only around 20,000 (Sterling Currency, 2010). This was the time during the height of the Great Depression with 32 per cent unemployment when there was low demand for coin production.

Although the 1923 official Royal Mint records stated that halfpennies were struck in Sydney, none were struck in Melbourne. We now know that this perhaps was not the case due to the 1923 Half Penny's existence today making it one of Australia's pre-decimal rarities.

Next Page: Rare Pre-Decimal Varieties