A Point in History through Rare Pre-Decimal Coins
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
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.