Australian Penny - please help!

Discussion in 'World Coins' started by PaddyB, Sep 6, 2016.

  1. PaddyB

    PaddyB Eccentric enthusiast

    I picked up the attached Australian Penny a few weeks ago. When I look in Krause it implies that the 1920 with no dots above or below the scrolls is much scarcer than the ones with dots. Am I reading this one right? Is it indeed that scarce? What value would it have, taking into account the bit of verdigris showing on both sides?
    Australia 1920 Penny a.jpg
     
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  3. daveydempsey

    daveydempsey Well-Known Member

    My interpretation is its 1920 (m & sy) Melbourne & Sydney without dots $10 in fine $75 in VF.
     
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  4. PaddyB

    PaddyB Eccentric enthusiast

    Yes - my 2011 edition of Krause gives $20 in Fine, $150 in VF, which seems a lot for a 20th Century Penny. My query, probably for someone who collects Australian coins, is: Is this realistic?
     
  5. daveydempsey

    daveydempsey Well-Known Member

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  6. rooman9

    rooman9 Lovin Shiny Things

    As someone who collects aussie coins those prices aren't realistic. You can cherry pick most of these for dirt cheap. But 1920 is the most confusing year for these coins haha.

    If I can remember right the rarest one is the dot above upper scroll. Followed by the double dot. Then no dots. And then there's the dot above lower scroll and dot below the lower scroll that are both fairly common.

    I've sold some of the double dot ones for about $20. But that's a lot lower than most price guides have them. Honestly the only one that brings big money is the dot above upper scroll. Most those can actually bring in $200.
     
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  7. PaddyB

    PaddyB Eccentric enthusiast

    That's rather what I suspected! So a fair price for mine at market would be....?
     
  8. rooman9

    rooman9 Lovin Shiny Things

    It's in pretty solid condition. Except for the verdigris. I would probably say $5-10?
     
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  9. PaddyB

    PaddyB Eccentric enthusiast

    That sounds fair. I am in the UK so GBP 4 to 8.

    Amen!
     
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  10. Kentucky

    Kentucky Supporter! Supporter

    Hit that coin with some VerdiCare!
     
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  11. johnyb

    johnyb Member

    In Australia a realistic price for the 1920 no dot penny is AU$100 in VF30.This is a scarce grade for a 1920 penny and the minimum grade at which "no dot" can be conclusively verified. (I live in OZ) Regards John.
     
  12. PaddyB

    PaddyB Eccentric enthusiast

    Thanks johnyb, that sounds pretty good! Would you give my coin VF? Would you use Verdicare on it to reduce the evidence of verdigris?
     
  13. johnyb

    johnyb Member

    Hi PaddyB, in OZ your coin is easily VF30. Had the two pearls (=dots) to the left of the centre diamond been more visibly separated ,the grade would be VF35. Some dealers/sellers would take the next step and say EF40. I'm on old codger and grade by Australia's stricter standards of the 1960's so it's VF30 for me.I'm not familiar with Verdicare but I would soak in high quality olive oil to arrest further deterioration (and I would not hesitate to bid/
    pay $100 for this coin. I'm delighted to have found this site so I can drool over your array of superb pre 1945 coins.!
     
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  14. rooman9

    rooman9 Lovin Shiny Things

    Good to have you! I lived in Oz for a couple of years. I know the prices are higher there. I've found it a lot cheaper to pick up key dates/mintmarks over in the states. I've gotten the 1925 and 1946 for less than $30.
     
  15. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    First, welcome to the neighborhood, johnyb!

    I don't collect foreign coins, but I often find it interesting to learn things about them.

    Chris
     
  16. PaddyB

    PaddyB Eccentric enthusiast

    I have PM'ed you - did you get that message?
     
  17. Ancient Aussie

    Ancient Aussie Well-Known Member

    While all you Aussie collectors are watching this thread, I have a query I have quite a few 1968 and 1969 2 cent coins circulated but VF condition, could anybody give me an idea what they are worth?
     
  18. joecoincollect

    joecoincollect Well-Known Member

    That dark color on the coin looks more like corrosion or advanced, penetrating verdigris. Verdicare might lighten it up but I doubt much. Just giving my opinion, could be wrong
     
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