1938 Penny Reverse1938 Penny ObverseMintage5,552,400Reverse DesignerGeorge Kruger GrayObverse DesignerThomas H. PagetWeight9.45 gramsSize30.8 mmCountryAustraliaDateMM1938DenominationPennyVarietyGeorge VIPrefixMSWeight9.45Size30.8EdgePlainFace CurrencyAUDFace Value0.0083Mintage555240011381938 PennyCompositionCopper97.0%0.9700000286Zinc2.5%0.0250000004Tin0.5%0.0049999999Copper0.9700000286Zinc0.0250000004Tin0.0049999999Bullion Value5cThe penny switched over to the Kruger Gray, or Kangaroo The tails side of the coinreversereverse in 1937 though no A coin struck for circulationbusiness strikesbusiness strike 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 The heads side of the coinobverseobverse features an uncrowned bust of King George VI facing to the left and the The inscription around the inner edge of the coinlegendlegend, '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 A difficult date to acquire in any grade, hence being the key to a serieskey dateskey date, the 1940-KG, 1944, 1946 and 1948-Y being readily available in lower grades though the 1946 tends to command reasonably strong prices. In A state of a coin that shows no signs of circulationmint statemint 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 a facility that produces coinsmintsmint. Perth a facility that produces coinsmintmint pennies feature a dot A marking, usually a letter or dot that signifies which mint struck a particular coinmintmarkmintmark after the 'Y' of 'PENNY' and no dot before 'PENNY' whereas the Bombay a facility that produces coinsmintmint pennies featured both dots and also the A marking, usually a letter or dot that signifies which mint struck a particular coinmintmarkmintmark 'I' under the bust on the The heads side of the coinobverseobverse. All other pennies in the series were struck at the Melbourne a facility that produces coinsmintmint.