1931 Penny Indian Obverse Dropped 1 Reverse Fine
We Last Sold This Item For: | $1,950.00 |
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Last Sold On: | 25/5/2024 |
# Sold In Past 12 Months: | 1 |
Recent Sales in this Category
1931 Penny Indian Obverse Dropped 1 Reverse Fine
Obverse: Coronate bust of George V to right, legend around. The upstroke in "OMN" aligns with a rim denticle
Reverse: Denomination within legend, date below.
The tips of the letters “AL” in “AUSTRALIA” are each in line with a rim denticle, while the tips of the letters “IA” fall between two denticles
Composition: Copper | Diameter: 30.80mm | Weight: 9.45g
Mintage: Less than 1,000
This is a strong example of this rare and popular KGV penny - less than 1,000 were struck.
The 1931 Dropped 1 Indian penny is widely agreed to be one of Australia’s rarest pennies, yet it is a coin that the average collector and the general public know little about - a reasonable level of numismatic knowledge is required to identify and appreciate it.
This compelling coin shares a great deal of history with the glamour rarity that preceded it in 1930 - research unequivocally shows that both coins are the result of practical efforts by Melbourne Mint staff downtime in the Great Depression aimed at improving productivity.
A known mintage of less than 1,000 coins for this variety ranks the 1931 Indian Dropped 1 penny among Australia’s rarest Commonwealth coins. That it was struck during the series of experiments and trials that also produced the “glamour” coin in the Commonwealth series makes it all the more compelling to own.
Click here to read a full discussion of the history of this compelling coin.
This particular example has strong details right across both sides - a full band is evident in the base of the king's crown, while all of the beads and lettering remain strong on the reverse.
You will note some fairly advanced black crust on the obverse, that's what makes this an affordable example of this incredibly rare Commonwealth rarity.
SKU: 4275
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