Mintage:480,000 Mint:Melbourne MintMonarch:George VReverse Designer:W. H. J. BlakemoreObverse Designer:Sir E. B. MacKennelSize:24mmWeight:5.66gEdge:ReededComposition:92.5% Silver 7.5% Copper
Values
Sales History
Current listings
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The 1934 Shilling was struck at the Melbourne Mint to a
mintage
of 480,000. This was the second lowest
mintage
of the series after the 1933 a year earlier. Despite this low
mintage
the year is relatively typical for the series in terms of value. Population reports by PCGS show less than two dozen
mint-state examples however auction data shows a number of these mint-state pieces selling for less than $1,000 AUD. This
is surprising when compared to the 1933 which is perhaps twice as scarce but achieves prices several times higher.
The low
mintage
of the 1934 may have been related to the economic climate at the time. The Great Depression had devastated Australia
with unemployment rates peaking at thirty-two per cent in 1932. Naturally the amount of spending that was occurring during
this period of economic stagnation was low, reducing the need for circulating coins. This would explain the limited issues
in both 1933 and 1934 as well as the lack of any shillings issued in 1932.
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