Semi Key 1946 Penny

Looking at this coin. What does everyone think about it? I personally think it's real. But I want to make sure before I pick up this key date. It looks to be in around VF/XF shape, so about average for this date.

 

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I'll let you know what I think as soon as I receive it. Thanks for the heads up that it was for sale.

Just kidding.

 

Nothing jumps out (to me) that raises a red flag. I'm familiar with Aussie grading, and I think this is more aVF--quite a bit of wear on the portrait and back of the 'roo. The corrosion should be taken into consideration as well. --just one opinion.

 

Is the corrosion the black stuff or are we talking about the white inside the D in IND.? I know a lot of aussie pennies have this problem, I think due to the humidty Australia has. I've dug through hundreds of these coins and so many have corrosion. I just don't know what to do to stop it/slow it down.
I should also mention that I live in a very dry environment so that should help to slow down corrosion.

 

The most concerning spot is the dark one of the base of the portrait. I have perhaps a hundred or so old Aussie pennies--those in the 40s which I consider relatively "problem-free" circulated pieces have deeper brown color w/o discoloration. Those I have in the XF-AU grade have a lot of remaining luster in the legends. The flatness/lightness of the coin overall suggests it might be dipped to reduce the darker spot. Anyway--not to rag on your coin as much as point out a few things.

If you haven't bought it yet, I would consider the spots as grounds to adjust your offer price--down a few notches. You're fortunate to live in an arid climate--I don't and I have to watch out for "bronze disease" on my older coins.

 

I haven't bought it yet. But those are some strong arguments. I have about a hundred of these as well haha (I'm only missing about 6 coins for the complete set). I'm hoping to get it for a decent price, I'm alright with its condition but if I win it I'll watch those spots to make sure they don't get any bigger. The dry climate helps a lot.

 

Good luck on that one--hope nobody snipes it (I won't)

 

I won it! $20 shipped. Think I did alright.

 

Yeah--I'm surprised nobody tried to snipe it--it looks real to me, so that's at least a $50 coin in Australia, I think.

 

Sounds about right. But the US dollar to australian dollar ratio, $50 AUD ends up being about $20 haha. I'm happy though. I believe its real as well.

 

I accounted for the exchange rate too. Here's the Macca's (Aussie catalogue) values from 2010 in US dollars--probably higher now:
vg $38 f $63 vf $112

 

Good price. I paid twice as much for mine.

 

Yea, but this one has some corrosion it looks like. I'm happy though. You finished with your set yet? minus the 1930 of course.

 

No, I have a lot of irons in the fire as far as collections go and I haven't been working on Australia much.

 

That's too bad. I always enjoy seeing your collections.

 

Thanks. I've been all over the place lately with the things I've been buying.