1930 Penny Reverse1930 Penny ObverseMintageEst. 3,000Reverse DesignerW. H. J. BlakemoreObverse DesignerSir E. B. MacKennelWeight9.45 gramsSize30.8 mmCountryAustraliaDateMM1930DenominationPennyVarietyGeorge VPrefixMSWeight9.45Size30.8EdgePlainFace CurrencyAUDFace Value0.0083Mintage0Mintage InfoEst. 3,000CompositionCopper97.0%0.9700000286Zinc2.5%0.0250000004Tin0.5%0.0049999999Copper0.9700000286Zinc0.0250000004Tin0.0049999999Bullion Value5cThe 1930 penny is the most famous Australian coin and one of the world's most valuable circulating copper coins. Its fame originates from the 1940s and 1950s where its rarity was first revealed to the general public, thus creating a surge in interest with the general public searching for this key rarity in their change. Consequently the average 1930 penny only circulated for 15-20 years leaving the average grade at around the Fine to VF level, slightly higher than pennies from surrounding years.
This interest has lasted on giving it the title of Australia's Glamour coin, and the A difficult date to acquire in any grade, hence being the key to a serieskey datekey date to every penny collector's set. Consequently, despite a relatively high estimated The number of coins struck of a particular designationmintagemintage of 2000-3000 pieces, the 1930 penny commands prices similar to much rarer coins such as Denominations without base 10 equivalentspre-decimalpre-decimalA coin struck from specially prepared dies to strike a superior quality coin not intended for circulationproofsproof.
In 1930, with the economy slowing to a halt, the treasury did not request any pennies to be struck, as with denominations from threepence to florin, there simply wasn't any need for additional currency with the great depression in full force. Despite this, a small number of 1930 penny A cylindrical punch with an inverted impression of a coin's design used to strike the coindiesdie were prepared (Coin Web, 2007)101WebsiteCoin Web1930 PennyCoin Web12/5/2007http://www.australianstamp.com/coin-web/aust/penny/1930penn.htm10/8/2010 6:54:47 PM and it is suggested that visiting dignitaries were permitted to purchase fresh pennies, dated 1930 from the a facility that produces coinsmintmint(Coin Web, 2007)101WebsiteCoin Web1930 PennyCoin Web12/5/2007http://www.australianstamp.com/coin-web/aust/penny/1930penn.htm10/8/2010 6:54:47 PM. This would seem to contradict the minimal number of upper grade examples of the date, with no known examples in A state of a coin that shows no signs of circulationmint statemint state. It is more likely that the coins were struck to test the A cylindrical punch with an inverted impression of a coin's design used to strike the coindiesdie as suggested by Andrew Crellin (Sterling & Currency, 2008)102WebsiteSterling & Currency1930 Penny - Australia's Best Known Rare CoinAndrew Crellin2/29/2008http://www.sterlingcurrency.com.au/research/1930-penny-australias-best-known-rare-coin10/8/2010 7:00:42 PM.
The coin itself is fairly scarce in lower grades with about 1500 pieces in the market today, above XF the coin becomes very rare and is almost unheard of in AU grades. The coin usually features a A weak strike around the centre of the design caused by a lack of concavity in the dies relative to strike pressure.central strike weaknesscentral strike weakness on the The tails side of the coinreversereverse and is almost always paired with an Indian The heads side of the coinobverseobverseA cylindrical punch with an inverted impression of a coin's design used to strike the coindiedie.
At the end of 1930, the Melbourne a facility that produces coinsmintmint also produced A coin struck from specially prepared dies to strike a superior quality coin not intended for circulationproofproof strikes for various museums and as A proof or specimen strike intended to represent a circulation piece produced for mint recordsproof of recordproof of record pieces for the a facility that produces coinsmintmint1930 Proof Penny1122(learn more).