Mintage:1,200,000 Reverse Designer:W. H. J. BlakemoreObverse Designer:Sir E. B. MacKennelSize:31mmWeight:9.45gEdge:PlainComposition:97% Copper 2.5% Zinc 0.5% Tin
The 1918-I Penny was the final year in the Penny series struck at the Calcutta
Mint in India. The variety was struck to a total
of 1,200,000 and features a small 'I' mint-mark located beneath the lower scroll on the reverse (see image below). The relatively low
has made this year quite scarce compared to many of its immediate counterparts. In mint-state the type is very scarce
with high prices in all designations. Population reports by PCGS only exhibit a single red example of this type. Collectors
seeking a more affordable example from this era may find the two previous years (1916-I or 1917-I) a better choice.
India 'I' mint-mark on the reverse of a 1918-I Penny.
Following the introduction of Australia's first coinage in 1911 a shortage emerged. This shortage was further aggravated
in 1914 when the Royal Mint in London was tasked with manufacturing
military materials to assist the war effort. With a reduced ability to supply coin from London, the private mints of Heaton
and Sons in Birmingham and the Calcutta branch of the Royal Mint
were tasked with producing additional coins fro Australia. From 1916 the production of silver coins was shifted to Melbourne
and it was organised for cooper pieces to be struck at the Indian branch of the Royal Mint in Calcutta. Calcutta continued
to produce Australia's pennies until 1918. From 1919 the production of cooper pieces would also be shifted to Australia.
Find out what dealers are paying with a subscription.