Blue Sheet > Australia> Commonwealth Coinage> One Penny> George V > 1911 Penny

1911 Penny



The 1911 penny marks the first copper coin struck for the Commonwealth of Australia, 10 years after Federation. It was produced at the Royal mint, London as the Australian mints were not yet ready to produce copper coins. Being the first year of Australian coinage, the mintage had to be high at 3.7 million to ensure that demand for circulating coinage would be met with sufficient supply. Consequently the 1911 is one of the more common dates of the series despite being the earliest.

In mint state grades it is the most common in the series, being the oldest, it was frequently hoarded and in addition, London coin dealer Baldwins also held at least two mint rolls of the date which accounts for their abundance in mint state with original mint brilliance, almost unheard of in George V coinage. In fact it is the only date in the George V series and one of only about 12 dates in the entire penny series that is readily available with full mint brilliance. Being the only George V date readily available in such condition, and also being the first year, it is heavily targeted by type set collectors and consequently commands high premiums in red mint state despite its abundance.

The strike is usually good but the date sometimes suffers from a central strike weakness, usually offset towards the top of the coin. This is most noticeable around the top scroll and N of ONE on the reverse, and the King's head and the band on the crown on the obverse as in the illustrations below.

Reverse of a soft 1911 penny
Reverse of a soft 1911 penny

Obverse of a soft 1911 penny
Obverse of a soft 1911 penny

The Royal mint London also produced specimen strikes in 1911 (Learn more about the 1911 Specimen Penny).

Do you have one of these to sell? Sell it on Numis Bid
 
Contents
Mintage
3,768,000
Reverse Designer
W. H. J. Blakemore
Obverse Designer
Sir E. B. MacKennel
Weight
9.45 grams
Size
30.8 mm
Composition
97.00% Copper
2.50% Zinc
0.50% Tin
Bullion Value
1911 Penny
Reverse

1911 Penny
Obverse

Valuation
Typical Handled: $4  
This valuation represents a typical handled example of the coin. Coins in better condition will command a substantial premium over the listed price. 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 George V - 1911 Penny
Lot 1243 PCGS MS64RB 6 days
TPG Sovereigns
Location: , Thessaloniki
Member Since: Jan-2010
Australia George V - 1911 Penny Current Bid: $70.15 (5 bids)
Estimate: $380 - $500
Lot 1735 PCGS MS63RB 11 days
Walter Eigner Numismatics
Location: Canberra, ACT
Member Since: Aug-2010

Glossary
  • central strike weakness - A weak strike around the centre of the design caused by a lack of concavity in the dies relative to strike pressure.
  • mint - a facility that produces coins
  • mint brilliance - The original golden-red-orange-pink colour of a copper coin
  • mint roll - A common means of distributing coins where a mint stores coins in paper rolls before distributing them to banks
  • mint state - A state of a coin that shows no signs of circulation
  • mintage - The number of coins struck of a particular designation
  • obverse - The heads side of the coin
  • red - The colour designation of a copper coin that has at least 95% of its original mint brilliance
  • reverse - The tails side of the coin
  • specimen - A coin struck from an early circulation die state, not intended for circulation
  • type set - A collection consisting of one coin of each type and possibly variety

Numismatic Glossary - View the full glossary of numismatic terms.

Links

Index