Blue Sheet > Australia> Commonwealth Coinage> One Penny> George V > 1922 Penny

1922 Penny



1922 was the first year in which the Perth mint assisted en masse in the production of production of Australian copper coins. This was due to the strong demand for circulating currency, in particular the lower denominations brought about by the roaring twenties. The Melbourne mint produced a total of 9,529,440 pennies while the Perth mint produced 3,626,400 from November 1921 to February 1923 (Sterling & Currency, 2008). Of these, 208,800 were struck prior to the receipt of 1922 dies and can be assumed to have been dated 1921 (Learn more about the 1921 Penny).

Considering the large mintage from the Melbourne mint, and the untested minting process of the Perth mint, finding well struck examples can prove to be quite a challenge, with many pieces having been struck from worn and overworked dies and the rest at less than ideal striking pressures - probably either to increase the working life of the die, or due technical reasons of the Perth mint, as their mint has in the past, only ever struck gold coins, which due to their relative softness, require much less striking pressure.

Because of this and due to the high demand for circulating currency in the early 1920s, finding the coin in higher mint state grades can prove to be quite a challenge, even considering the high mintage figure.

The Perth mint also produced a specimen record striking for the year (Learn more about the 1922 Specimen Penny).

Do you have one of these to sell? Sell it on Numis Bid
 
Contents
Mintage
12,947,040
Reverse Designer
W. H. J. Blakemore
Obverse Designer
Sir E. B. MacKennel
Size
30.8 mm
Composition
97.00% Copper
2.50% Zinc
0.50% Tin
Bullion Value
1922 George V Penny
Reverse

1922 George V Penny
Obverse

Valuation
Typical Handled: $2  
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.  

Glossary
  • die - A cylindrical punch with an inverted impression of a coin's design used to strike the coin
  • mint - a facility that produces coins
  • mint state - A state of a coin that shows no signs of circulation
  • mintage - The number of coins struck of a particular designation
  • specimen - A coin struck from an early circulation die state, not intended for circulation

Numismatic Glossary - View the full glossary of numismatic terms.

References

References - View full bibliography

Links

Index