Blue Sheet > Australia> Commonwealth Coinage> One Penny> George VI> Type I

Penny


George VI Type I (1937 - 1948)

The penny switched over to the Kruger Gray, or Kangaroo reverse in 1937 though no business strikes were issued until 1938 and continued with the design until 1952. The design features a Kangaroo jumping to the left with 'AUSTRALIA' around the top of the design, 'PENNY' around the bottom and the year right above that, just behind the Kangaroo's legs. The obverse features an uncrowned bust of King George VI facing to the left and the legend, 'GEORGIVS VI D : G : BR : OMN : REX F : D : IND : IMP' ('George VI, by the grace of god, Ruler and King of Britain, Defender of the Faith, Emperor of India') and was used up until 1948 then changed because of the independence of India.

Date set collectors will have no problems completing the series with the key dates, the 1940-KG, 1944, 1946 and 1948-Y being readily available in lower grades though the 1946 tends to command reasonably strong prices. In mint state, type set collectors would find best value in the 1938, 1947 and 1948 pennies.

Pennies in this series were struck at the Melbourne, Bombay and Perth mints. Perth mint pennies feature a dot mintmark after the 'Y' of 'PENNY' and no dot before 'PENNY' whereas the Bombay mint pennies featured both dots and also the mintmark 'I' under the bust on the obverse. All other pennies in the series were struck at the Melbourne mint.
 
Contents
Reverse Designer
George Kruger Gray
Obverse Designer
Thomas H. Paget
Weight
9.45 grams
Size
30.8 mm
Composition
97.00% Copper
2.50% Zinc
0.50% Tin
Bullion Value
Reverse
Reverse

Obverse
Obverse

Business Strikes
Coin Mintage Average Circulated
1938 5,552,400 10¢
1939 6,240,000 10¢
1940 4,075,200 10¢
1940 K.G 1,113,600 $24
1941 1,588,000 10¢
1941 K.G
Notes about Mintage

  • Mintage figure combined with:
  • 12,794,000
    $3
    1941-Y
    Notes about Mintage

  • Mintage figure combined with:
  • Incl. in above
    10¢
    1942-I 9,000,000 10¢
    1942-Y 12,244,800 10¢
    1943 11,112,000 10¢
    1943-I 9,000,000 10¢
    1943-Y 33,086,400 10¢
    1944 2,112,000 $3
    1944-Y 27,830,800 10¢
    1945-Y 15,172,800 10¢
    1946 363,000 $70
    1947 6,864,000 10¢
    1947-Y 4,490,400 $3
    1948 26,616,000 10¢
    1948-Y 1,534,000 $8

    Proof Strikes
    Coin Mintage Typical Handled
    1937 Pattern 10 Known RARE
    1937 Uniface in Silver Unique RARE
    1937 Uniface Pattern 8 Known RARE
    1938 Proof
    Notes about Mintage

  • 94 sold
  • 100
    $12.5K
    1939 Proof Unknown RARE
    1940 Proof K. G. 5 RARE
    1941 Proof K. G. 7 RARE
    1942-I Restrike Unknown RARE
    1942-Y Proof 11 RARE
    1943-I Restrike Unknown RARE
    1943-Y Proof 12 RARE
    1944-Y Proof 12 RARE
    1945 Pattern 4 Known RARE
    1945-Y Proof 11 RARE
    1947-Y Proof 19 RARE
    1948-Y Proof 16 RARE

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    The values listed here are for average examples of the date. Coins in better condition will be worth many times the values listed here. For example, an average 1911 florin is worth around $50, but in choice uncirculated condition is worth about $15,000! To view valuations in higher grades, please click here to subscribe.




    Current Auctions
    Australia - 1934 - 1964 Selection of Pennies (14 coins) Current Bid: $1.10 (2 bids)
    Estimate: $44 - $60
    Lot 1662 Uncertified VF - UNC 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia - 1938-56 Pre-Decimal Coins (3 coins) Current Bid: $27.50 (5 bids)
    Estimate: $60 - $80
    Lot 1696 Uncertified gF - gVF 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1941 K.G Penny Current Bid: $27.55 (4 bids)
    Estimate: $100 - $130
    Lot 1667 Uncertified Uncirculated 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1944 Penny Reserve: $1.00
    Estimate: $12 - $14
    Lot 1668 Uncertified about Extremely Fine 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1945-Y Penny Reserve: $1.00
    Estimate: $42 - $55
    Lot 1670 PCGS AU58BN 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1946 Penny Current Bid: $31.55 (5 bids)
    Estimate: $34 - $46
    Lot 1778 Uncertified Very Fine 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1946 Penny Current Bid: $50.00 (8 bids)
    Estimate: $85 - $115
    Lot 1750 PCGS XF45BN 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1947 Penny Instant: $95.00
    Lot 1700 PCGS MS64RB 6 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010
    Australia George VI - 1948 Penny Current Bid: $1.00 (1 bid)
    Estimate: $55 - $70
    Lot 1756 PCGS MS64RB 11 days
    Walter Eigner Numismatics
    Location: Canberra, ACT
    Member Since: Aug-2010

    Glossary
    • business strike - A coin struck for circulation
    • key date - A difficult date to acquire in any grade, hence being the key to a series
    • legend - The inscription around the inner edge of the coin
    • mint - a facility that produces coins
    • mint state - A state of a coin that shows no signs of circulation
    • mintmark - A marking, usually a letter or dot that signifies which mint struck a particular coin
    • obverse - The heads side of the coin
    • reverse - The tails side of the coin

    Numismatic Glossary - View the full glossary of numismatic terms.

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