Blue Sheet > Australia > Commonwealth Coinage > One Penny > George VI > Type I > 1938 Penny

1938 Penny

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
Currently Available
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Reverse Designer
George Kruger Gray
Obverse Designer
Thomas H. Paget
30.8 mm
Copper: 97%
Zinc: 2.5%
Tin: 0.5%
Bullion Value
1938  Penny Reverse

1938  Penny Reverse


Grade Value AUD
XF40 10¢
AU50 $1
AU55 $10
AU58 $38
MS62BN $55
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Currently Available

Australia George VI - 1938 Penny Current Bid: $111.00 (5 bids)
Estimate: $195 - $240
Bidders: 4
Lot 8062 PCGS MS64RB 17 days
NumisBid Auction #32
Pre-Decimal Coins
07-May-2014 7:30 PM AEST
Walter Eigner Pty Ltd
Location: Melbourne, VIC
Member Since: Jul-2013
Australia George VI - 1938 Penny Current Bid: $7.50 (2 bids)
Estimate: $80 - $100
Bidders: 2
Lot 8677 PCGS MS63BN 38 days
NumisBid Auction #33
Pre-Decimal Coins
28-May-2014 7:30 PM AEST
Walter Eigner Pty Ltd
Location: Melbourne, VIC
Member Since: Jul-2013

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

Numismatic Glossary - View the full glossary of numismatic terms.