Oct 062016
 

Visitors to The Perth Mint Shop are in for a special numismatic treat over the next few weeks as we showcase a collection of some of Australia’s most desirable rare coins.

Included in the display is an example of the legendary 1930 Penny, Australia’s best-known rare coin; and Type I and Type II versions of the Australia’s first-ever (unofficial) gold coin – the Adelaide Pound.

Australia’s 1930 Penny

Fascination with the 1930 Penny stems from the mystery surrounding its accidental minting. The Melbourne Mint’s records report that the coin was never struck for circulation! It was not until the 1940s that its accidental minting was discovered, with the mintage subsequently estimated to be between 1,500 and 2,000.

By the 1960s the public discovery of ‘the coin that never was’ had whipped the nation into a frenzy, capturing the imagination of investors, collectors and the average Joe as they rushed to get their hands on these elusive coins at rapidly escalating prices.

The Adelaide Pound

The Adelaide Pound was conceived and struck by South Australian Government Assay Office in Adelaide in response to the first Australian gold rush. Local men flocked to the goldfields, taking with them almost all the sovereigns in circulation. Ironically, this landmark event in Australian history left the South Australian colony on the cusp of financial ruin!

Early in the production of the Adelaide Pound the die failed. Consequently, the Type I, of which just 30 to 40 are believed to exist, is distinguished by a die-crack on its reverse. Around 25,000 Type II coins were struck with a new die, although it is thought that just 200 of these Type II coins still exist.

Serious Value

So sought-after are these historic numismatic rarities that they’re collectively valued at close to quarter of a million dollars!

Visitors to Perth and local residents are now being encouraged to come and view the remarkable artefacts, which are seldom on the market but currently available for sale.

As part of the same unique display you’ll also be able to view a Queen Victoria 1899 Sovereign, the first sovereign minted at The Perth Mint; another rare Australian copper coin, the King George V 1921 penny; and the renowned Roth Family Holey Dollar, which is on loan from rare coin dealer Sterling & Currency and valued at $225,000.

The numismatic rarities display is free to view at The Perth Mint Shop until 27 November 2016. Anyone interested in purchasing the 1930 Penny or Adelaide Pounds should either talk to our Shop staff, contact the customer service team on 1800 098 817, or email orders@perthmint.com.au.

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