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Australia George VI

1942-D  Threepence reverse 1942-D  Threepence obverse

1942-D Threepence

Mintage:16,000,000
Mint:Denver Mint Monarch:George VI Reverse Designer:George Kruger Gray Obverse Designer:Thomas H. Paget Size:17mm Weight:1.41g Edge:Plain Composition:92.5% Silver
7.5% Copper

Values

Sales History

The 1942-D Threepence was struck at the Denver Mint with a mintage of 16,000,000. In the same year a further 8,000,000 pieces were struck at the San Francisco Mint and another 528,000 at the Melbourne Mint. The Denver piece can be differentiated from the other varieties by a small 'D' mint-mark located below the right-most ribbon the reverse. The very large mintage means that the type is very affordable until around MS65 where prices and scarcity quickly rise.

Denver 'D' mint-mark on the reverse of a 1942-D Threepence. Denver 'D' mint-mark on the reverse of a 1942-D Threepence.

The extremely large mintage of threepence in 1942 was a response against a major shortage of both silver and copper coinage. One of the key reasons for this shortage was the mass arrival of United States soldiers into Australia from the Middle East theatre. (The Courier-Mail, 1943) These troops, along with a general increase in public spending, created an unprecedented demand for coinage. The Melbourne and Perth Mint simply could not make supply match demand so a deal was struck with the United States. Under President Roosevelt's Lend-Lease Policy the United States agreed to provide Australia with a substantial quantity of silver coins. Australia guaranteed to then return an equal amount of silver after the war.

President Theodore Roosevelt had created the extensive Lend-Lease Policy in 1941 as a way to assist allied forces during the Second World War. The program allowed the United States to provide war materials including but not limited to ammunition, aeroplanes and food that could then be repaid for "...in kind or property, or any other direct or indirect benefit which the President deems satisfactory." The program proved essential to the allied war effort with the total value of the aid reaching $49,100,000,000. (Encyclopaedia Britannica, 2017)

United States Secretary of State and representatives from Australia, New Zealand and Great Britain signing Lend-Lease agreements. United States Secretary of State and representatives from Australia, New Zealand and Great Britain signing Lend-Lease agreements.

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