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1934 Proof Threepence



1934 marked the third year proof coins would be struck at the Melbourne mint for collectors. Fifty sets were prepared for New Zealand coin dealer H. G. Williams (Verheyen, T, V, 2009), it is unclear whether any more sets were produced as mint records don't indicate any direct sales to the public. H. G. Williams on sold these sets in a 1936 price list cover for 6/6, interestingly described as mint state as opposed to proof as with the New Zealand Waitangi Crown (Verheyen, T, V, 2009). This is perhaps because they were described as specimen coins by the Melbourne mint, but they were certainly produced from specially prepared dies and did not endure the handling process, enough to classify them as proof, but minute imperfections are often found, in particular on the larger denominations indicating that the care taken in their manufacture was limited. Whether they were ever intended to be proof or specimen coins is uncertain, but they are certainly different from regular business strikes and command strong premiums accordingly.

The proof 1934 threepence features a mirror reverse finish with a frosted relief caused by visibly thick die polishing striations while the obverse features a matte to semi-matte finish, depending on how early the strike is. Due to the lack of concavity in the die, caused by die polishing, the center is almost never struck up well, with weakness particularly around the top and bottom of the shield. The obverse rarely has more than 6 pearls visible with the 2nd and 4th sets generally unclear and heavy die polishing often causes the mustache to merge with the cheek and wears down the top of the nose to merge with the fields.

The proof 1934 threepence is much scarcer than most collectors realize with a tiny mintage of 50 coins, appearing on the open market roughly 3 or 4 times per decade and is one of only two years, the other being the 1916-M (Learn more about the 1916-M Proof Threepence), that commercial proofs of this type and denomination were manufactured.

The Melbourne mint also struck 1,616,000 business strike threepence in 1934 (Learn more about the 1934 Threepence).

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Contents
Mintage
50
Reverse Designer
W. H. J. Blakemore
Obverse Designer
Sir E. B. MacKennel
Size
17 mm
Composition
92.50% Silver
7.50% Copper
Bullion Value
$1.15
1934 George V Threepence
Reverse

1934 George V Threepence
Obverse

Valuation
Typical Handled: $15K  
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
  • business strike - A coin struck for circulation
  • commercial proof - A proof coin produced with the intention of being sold to the general public
  • die - A cylindrical punch with an inverted impression of a coin's design used to strike the coin
  • die polishing striations - Raised lines on the surface of a coin caused by abrasive polishing of the die that struck it
  • 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
  • obverse - The heads side of the coin
  • proof - A coin struck from specially prepared dies to strike a superior quality coin not intended for circulation
  • relief - The raised part of a coin's design
  • reverse - The tails side of the coin
  • specimen - A coin struck from an early circulation die state, not intended for circulation

Numismatic Glossary - View the full glossary of numismatic terms.

References
  • Verheyen, T, V, 2009. 'Henry George Williams - A Pioneer in the Commercialization of Australian Pre-decimal Proof Coinage'. The Australasian Coin and Banknote Magazine - Volume 11, Number 11. pp 36-43

References - View full bibliography

Links

Index