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Blue Sheet > Australia> Commonwealth Coinage> One Penny> George V > 1924 Penny

1924 Penny


In 1924 both the Melbourne and Sydney mints produced pennies to help with demand brought about by the roaring twenties. The Melbourne mint produced 2,649,840 pennies while the Sydney mint produced 2,016,000 bringing the total official mintage to 4,665,840 (Triton Technologies International Ltd, 2000). In 1925 however, the Sydney mint produced an additional 832,200 pennies but no 1925 dies had arrived at the Sydney mint. It is reasonable to assume that they produced these pennies from 1924 dies bringing the total mintage to 5,498,040.

Most 1924 pennies were produced from a London obverse die but approximately 3% feature the Indian obverse die (Triton Technologies International Ltd, 2000). These are quite scarce and sought after today.

The Indian die can be differentiated from the London die by counting the number of denticles. The London die has 177 while the Indian die has 178.

Indian die (178 denticles) London die (177 denticles)

An easy way to differentiate between them is to check the alignment of the N in OMN. On the Indian die the N lines up with a denticle, while on the London die, the N lines up with a gap between denticles.

Indian die (178 denticles) London die (177 denticles)


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Contents
Mintage
Notes about Mintage

  • The Sydney mint produced an additional 832,200 pennies in 1925 from 1924 dies
    •      4,665,840
    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
    8¢
    1924 George V Penny
    Reverse

    1924 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
    • denticles - Tooth like shapes around the edge of a coin
    • die - A cylindrical punch with an inverted impression of a coin's design used to strike the coin
    • mint - a facility that produces coins
    • mintage - The number of coins struck of a particular designation
    • obverse - The heads side of the coin

    Numismatic Glossary - View the full glossary of numismatic terms.

    References

    References - View full bibliography

    Index
    		 
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