Q&A – Finding Decimal Coin Rolls

Question:

Hello, I was reading you September 24th 2009 article on Australian Decimal Mint Rolls. I was wondering if you could give me advice on how to obtain mint rolls through security companies or banks [if it’s still possible today]. Specifically advice on how to approach them, what problems i might encounter and costs on top of the coin face value.

Answer:

There’s no easy way to find decimal coin rolls. Banks will usually give you bags or rolls if you ask but they are most often not new shiny coins but recycled through their system. If they have new coins it’s usually pot luck, right place right time, it’s something you can’t really judge unless you befriend your local bank and know their coin ins and outs. It helps to have an account with that bank or you may be charged fees. It also depends on the location of the branch whether they get coin delivered from a security company or deposits from retailers support their coin demand.

The only way to get coins from security companies is to know who they deliver to and smile and ask nicely as you go through the supermarket checkout as you ask for more of the shiny coins they’re giving out. Again, it’s pot luck whether those rolls or bags are recycled coin or new coin from the Mint. The Royal Australian Mint send their new coins to the security companies, so that’s where those new coins first go. You could become a client of the security company just like Woolworths and Coles (etc) but I imagine there are significant fees associated with that.

Posted in Questions and Answers

Brisbane ANDA Coin and Banknote Show Report – 2014

 A voyage to Terra Australis B Counterstamp Dollar

A voyage to Terra Australis B Counterstamp Dollar

Last weekend on the 24th and 25th of May saw an ANDA Coin and Banknote Show being held in the Brisbane Table Tennis Centre. For those who are interested in stamps this year the show was held in conjunction with the Australian Philatelic Traders Association and there were a few more stamp dealers in attendance than is usually seen at the average ANDA show. Unfortunately only one of the blog authors managed to attend this show, which isn’t what we like to do usually. It’s always great to have a friend along to talk to and to make sure the coin you’re about to buy isn’t a dud. Travelling alone also meant that it was a fly-in-fly-out show, with a 6:00AM flight on Saturday leaving Adelaide for Brisbane and not touching down again in Adelaide until well after 10PM the same day.

I like the Table Tennis Centre as an ANDA show venue. It has been used for the Brisbane ANDA shows for a few years now and it’s easy to get to from both the airport and the city. The front door was manned (personned?) by voluneers from various Queensland coin and stamp clubs (such as the Queensland Numismatic Society) and admission for one day was $10. Once inside dealer tables were well laid out with plenty of seating and aisle space and the lighting was excellent There was a cafeteria selling food and drinks at reasonable prices (I got a sandwich and a drink at lunch time for $7.50) and staffed by volunteers from the table tennis centre. At one end of the venue was a bank of seating, usually used to watch table tennis action but in the case of this show, well used to rest the weary legs of show visitors. My only gripe about the center is that it’s not well air-conditioned and it was a little hot and humid inside this year. That being said most capital cities in Australia are unseasonably warm right now so perhaps if the weather wasn’t so messed up it wouldn’t have been so uncomfortable inside.

The Royal Australian Mint Stand

The Royal Australian Mint Stand


The Royal Australian Mint was in attendance this year and the RAM brought their portable press along, where for $10 you could press the button and counterstamp your own Voyage to Terra Australis dollar. According to the press operator the coin is supposed to have a mintage of 7,500 and no doubt will be distributed through the RAM dealer network. Never fear, if you didn’t attend the show it won’t be too hard for you to buy one of these coins. As well as the portable press the RAMfolk also brought along their usual array of NCLT and I am somewhat shamefaced to admit that I bought some of it. Including the new high relief 1 ounce mob of roos silver dollar and the pad-printed copper nickel mob of roos dollar. They are both pretty coins and interesting variations on the iconic circulation coin design minted for the 30th birthday of the Australian 1 dollar coin.

According to the ANDA Showguide I brought home with me there were another 41 dealers in attendance at the show and I can believe it. All tables had a dealer standing behind them and all of the tables were full of stock. If you came along to the show and didn’t find something to buy then you either were not looking hard enough, are extremely picky, or are completely broke. Apologies at first to the stamp dealers because I didn’t look at any of their tables so I cannot comment on who was or wasn’t there. Local Queensland coin dealers of note that I recall include VP Coins, Global Coins & Banknotes, Roxbury’s Auction House, Gold Coast Coins and Stamps, International Auction Galleries, Colonial Coins and Medals, David Rider Numismatics, and Claude Andresco Coins. Dealers who had made the trip from interstate included Sterling & Currency, Pacific Rim Coins, Australian Coin Auctions (Downies), Prospect Coins, Universal Coin Company, and Canberra Numisco. Particular credit must go to Andrew Crellin (of Sterling and Currency) who, having travelled the farthest of all dealers in attendance (from Western Australia) still had an amazing range of material to look at. I bought a couple of things off of him and I appreciate the effort he took to bring some specific coins for me to look at.

Big Crowds

Big Crowds


Attendance before about 1.30PM was extremely strong and for the first time in a long time at an ANDA show I had to fight for a spot to sit and look. And amazingly it seems that people didn’t just come to get their coins from the RAM, with most dealers reporting to me that their sales had been good. The types of coins being sold seemed to cover the full gamut, ranging from recent release NCLT, Australian decimal singles, modern world coins, quality Australian pre-decimal, and pricey errors and ancient coins. This doesn’t surprise me though, as I believe it’s a buyers market right now, especially for collectors of premium (and scarce) material. This idea was backed up after the show when I was talking to a very well known Australian numismatic identity. He suggested that now was the time to be snaffling up coin (and banknote) rarities with an eye to future long-term returns. For those (like me) who do not look to buy items from the top end of the market there were still bargains to be had for those on a lower budget. For example, the bottom has really dropped out of the Australian mint and proof set market and if you’re looking to complete your run of sets now is the time to do it.

Given that we are strong supporters of third party graded coins (in particular those graded by PCGS) I should comment on their representation at the show. Chris Buesnell of Pacific Rim Coins had cases full of slabbed coins as did Sterling and Currency and Universal Coin Company. IAG and Monetarium Adelaide had some rarities in PCGS and NGC slabs and I noticed a few dealers with graded bullion coins (such as Kookaburras, silver kangaroos, and American silver eagles). Graded coins seemed to be primarily the domain of the “bigger” dealers though with very few of the local Queensland dealers having any at all. One comment I have to make though is that this is the first show in a long time where the discussion I had with show attendees regarding third party graded coins was entirely positive. Perhaps the collector market is starting to see the advantage of getting their coins graded and certified by companies such as PCGS and NGC.

That’s another ANDA show report done and dusted. Thanks to everyone in Brisbane who I met and talked with. Thanks to the members of the Australian Coin Forum who I met at the show and in particular to the forum member in the Pac-Man hat that made him easy to find. And thanks of course to my fellow blog author who stayed home in Adelaide and manned (personned?) the battle stations while I was in Queensland looking at coins. Both of us will be attending the next ANDA show in Melbourne in early August so stay tuned for another riveting show report coming your way soon!

More Crowds

More Crowds

Posted in Coin News

I’ve Found Some Old Australian Florins

Perhaps you’ve been digging in the garden and turned up a silvery coin, about the size of a 20 cent coin. Or maybe you’re at your grandparents and they’ve given you some coins to look at and among them are some unfamiliar looking coins, again the size of a 20 cent. One side has a kangaroo and emu facing each other across a shield. Above or below the kangaroo and emu might be the word “florin” and a date. The other side has the portrait of a young woman, or perhaps a man. If it’s a man he might be bare headed or he might have a crown. What you’ve got in your hands is a florin.

Florins, are 20 cent sized silver coins that also weigh the same as a 20 cent coin (11.3 grams). Florins circulated in Australia before we changed over to decimal currency in 1966. They were worth two shillings and were known as “two bob”, 10 florins made up a pound and there were 24 pennies to each florin. Back in 1960 the average wage was nearly 18 pounds and a loaf of bread cost 18 pence, so one florin would buy you a loaf of bread and give you sixpence change. Compare that to 2013 where the average cost of a loaf is $3.00 and you get the idea that this one silver coin had the purchasing power of nearly $4 in 1960. So if you’ve found some old Australian florins you’re probably wondering what are they worth? Well here’s what you need to do to work that out.

Don’t Clean Them

This may seem a little strange but the first thing you can do to determine the value of your florins is to under no circumstances clean them. But, I hear you say, they are dirty and grotty and they’d look so much nicer if they were shiny. Well, you might think that, but coin collectors being the funny lot they are LOVE coins in original condition. And once you clean a coin it’s no longer original and it’s not as attractive to them. One careless scrub with your dish scourer can instantly turn a florin that might be worth $50 to a coin collector into a $4 coin that’s only fit for the silver melt bucket. So, let me say it again, DONT CLEAN YOUR OLD FLORINS.

Australian Florin Reverses

Australian Florin Reverses

Sort Them Into Two Piles By Date

If you’re lucky enough to have more than one florin then you need to sort them into two piles. Look for the date on each coin, it will be on the side with the kangaroo and emu and at the bottom of the coin. Above I’ve (rather helpfully) created an image of the reverses (or tails sides) of all the Australian florins you’re likely to see. Note that usually the date is at the bottom but on some of the commemorative coins (the ones with the different designs) the date moves about a bit.

Anyway, back onto sorting the coins. On your left, make a pile of all the coins with a date BEFORE 1946. On your right make a pile of all the coins with a date with 1946 and later. Once you’re done sorting look at the two piles. The one on the left is 92.5% silver (also known as sterling silver) and those florins are known as “pre” florins. The one on the right is 50% silver and those florins are known as “post” florins. So, if nothing else the old florins you’ve found are worth something in silver. How much exactly? Well, the “pre” florins have about 1/3 of an ounce of silver in them and at the time of writing (May 2014) they were worth AU$7.09 each. And the post florins? They have 0.1818 of an ounce of silver in each one and at the time of writing they were worth AU$3.83 each.

You’re probably thinking, great, these florins are actually worth something just because of the silver in them! And, yes, that is great but before you rush off to the local silver merchant to have them melted down we need to take a MUCH closer look at the dates on each coin.

Look at the Dates On the Left Pile

Some florin dates and designs are worth more than others. Usually this is because of lower mintages and some other factors that we wont bother going into now. Examine the dates of each coin in the pile to your left (they are the ones dated BEFORE 1946). Put aside any of these dates:

  • 1910 Florin
  • 1914H Florin
  • 1915 and 1915H florins
  • 1932 Florin
  • 1933 Florin
  • 1934-5 Centenary Florin
  • 1939 Florin

If you find any of those then congratulations they are all worth MORE than the silver they contain. Mostly at least DOUBLE the silver content. And if you’re really in luck and one of those old florins is dated 1932 then you’ve really scored. Those coins are worth at least $100 regardless of how worn they are. If you’re STUPENDOUSLY lucky then you’ve found a florin dated 1934-5 that looks very different to the others, showing someone riding a horse on the tails side of the coin rather than the usual kangaroo and emu. These are Centennial Florins and usually worth at least $200-$300 regardless of condition. In the earlier image of the tails sides of all the Australian florins the Centenary Florin reverse is the one at the top right.

While you’re looking at your “pre” florins it’s highly likely that you’ll see some that have a picture of a building on the “tails” side of the coin and are dated 1927. These are known as Parliament florins and were the first commemorative coins issued in Australia. You’ll probably notice that the guy on the “heads” side of these 1927 coins looks a little different to all the others too. If you look at the image below you can see the “heads” side of Parliament florins at the top right. Despite being pretty coins Parliament florins are, a bit sadly, usually only worth the silver they contain unless they are in “mint” condition. Mint condition is basically what a coin looked like the day it was made. And don’t go thinking that giving a coin a quick polish to make it shiny restores it to “mint” condition. This polishing is easily picked by experienced coin collectors and dealers and your polish has effectively ruined the coin.

Australian Florin Obverses

Australian Florin Obverses

Look at the Coins on the Right Pile

For “post” florins the date is not really the determining factor in the value of the coin. It’s what’s known as “condition” or “grade”. If a “post” florin is uncirculated then it can be worth more than the silver it contains. If it’s not, well almost all of them are really only worth the silver content. How can you tell the grade of a florin? Well, that’s not an easy topic that can be explained in this article. I’d suggest taking them to a reputable coin dealer and asking him or her to offer a grade on them. Some dealers won’t do this for free though. Or alternatively look at the coins they are selling and compare yours to those. Another option is to take good clear images of the coins and post them up onto a coin forum for Australian coins or maybe even our own Facebook page and ask for a grade. If you’re lucky people will offer you an opinion on both grade and potential value.

There’s one warning I must give about grading. It is a difficult art and just a few blemishes that are not even noticed by the coin grading novice can render what you believe to be a pristine coin into a coin only fit to be sold for silver value and sometimes this is difficult to pick in hand or from a photo or image.

What Next?

If you’ve got to this point you’ll have put aside any coins that are worth more than the others and you’ll have a pile of “pre” and “post” florins that we’ll call “bullion florins”. You can work out what the silver value of the “bullion florins” is by using our silver coin calculator here. Remember though, if you try to sell those coins to a coin dealer or silver merchant they won’t offer you the full silver value, because they need to make a profit. If you try selling them on an online auction site (like eBay) you might get the full silver value but of course you’ll need to pay the auction site fees.

So what about the other dates that we’ve decided are worth more? Well the values of those is almost entirely dependent on the grade. As I’ve said already you can get grade opinions from coin dealers or online forums. But remember opinions are just that, opinions, and will only serve to give you some idea of the value of your coins. Another option is to buy an Australian Coin Catalogue and armed with that and some grading skills you can get some idea of value. Let me give you two great big tips though. First, the values in coin catalogues are RETAIL VALUES and you’ll almost never get offered those prices if you try to sell your coins. Actually if you try to sell coins to a dealer you’ll be lucky to get HALF of what the values are in a a catalogue.

Second, coin catalogues include prices for coins known as “specimens” and “proofs” and for Australian florins the values of those can have as many digits as phone numbers. Those values can be alluring and it’s tempting to think that the florins you’ve found are “proofs” or “specimens” but they almost certainly are not. Nothing will upset a coin dealer more quickly and thoroughly when you’re trying to sell some coins to him and you insist that they are proofs or specimens in an attempt to get more for your coins. It won’t work so don’t try it.

If you decide to sell your found florins to a coin dealer they’ll grade them for you and give you an offer for them. But, again, remember they need to made a profit so don’t expect to get rich. If you want to try selling them yourself using an online auction site then take good clear images of the coins and list them up and let the market decide their grade and value.

I Don’t Want to Sell My Florins, I Want to Keep Them!

If you decide to keep your florins then great, welcome to the world of coin collecting. I strongly suggest read our coin storage recommendations. It would be a shame to have spent all this time working out the florins you found are worth real money and then to have them ruined by choosing the wrong storage system.

Posted in Collecting Coins Tagged with: ,

2014 Victoria Cross For Australia $5 Fine Silver Frosted Uncirculated Coin

Silver Victoria Cross 5 Dollar Coin (image courtesy www.ramint.gov.au)

Silver Victoria Cross 5 Dollar Coin (image courtesy www.ramint.gov.au)

If you’ve ever watched ANZAC Day parades, commemorating the Gallipoli landing of 1915, you would have seen squadrons, platoons, companies, regiments, marching bands – a whole range of armed forces – proudly marching and displaying their medals. Even more noticeable, as war veteran numbers dwindle, are the family members who are also proudly displaying their relatives’ medals.

Did you know that there’s a protocol for the correct wearing of medals? Medals displayed on the left breast indicate the true owner and actual recipient of the medal, with the ownership of those medals remaining with that person, even in death. When medals get passed down to the next generation, those medals can only be worn on the right breast.

The highest military honour introduced by Queen Victoria on 29th January 1856 for “valour in the face of the enemy” during the Crimean War, is the Imperial Victory Cross medal (Imperial VC). And it ranks higher than all other orders, decorations and medals. Even the most senior military officer must salute a VC recipient, no matter what rank, as a mark of respect.

In 2000, the Royal Australian Mint released a memorial coin to mark the 100th Anniversary of the first Imperial Victoria Cross awarded to an Australian. The medal was awarded on 24th July 1900 to Major General Sir Neville Reginald Howse VC KCB KCMG for the rescue during the Boer War of a wounded man, despite being under attack himself.

To date, the Imperial VC has been awarded 1,357 times – with only 14 being awarded since the Second World War – 10 within the British Army and 4 within the Australian Army. However, since 1856 to current day, 100 Australians have been awarded the Victory Cross, and to mark this historic occasion, The Royal Australian Mint recently released (via ballot) a $10 antique copper coin (limited to 5,000). The coin is part of their Anzac Centenary Coin program, with the VC recipients names displayed in micro text.

The Victory Cross for Australia was introduced in 1991, replacing the Imperial VC awarded to Australians and is now the highest Australian military award. The wording for this award is “other persons determined by the Minister [for Defence] for the purposes of this regulation” – in essence not restricted to members of the Australian Defence Force but possibly open to police personnel and even civilians.

The Victory Cross for Australia has been awarded four times:
• In 2009, to Trooper Mark Donaldson of the Special Air Service Regiment, who rescued an interpreter under heavy enemy attack in Oruzgan province, Afghanistan on 2nd September 2008.
• In 2011, to Corporal Ben Roberts-Smith MG of the Special Air Service Regiment, after destroying two Taliban machine gun placements, during the 5-day Shah Wali Kot Offensive in Kandahar province, Afghanistan on 11th June 2010.
• In 2012, to Daniel Keighran of the 6th Battalion, Royal Australian Regiment for drawing enemy fire away from an injured colleague and those tending to his injuries, in the Battle of Derapet in Oruzgan province, Afghanistan in August 2010.
• In 2014, posthumously to Corporal Cameron Baird MG of the 2nd Commando Regiment, who was killed in Afghanistan in 2013 and previously awarded the Medal for Gallantry in 2007, for his part in a Taliban stronghold search and clearance operation.

Also part of the Anzac Centenary Coin program, the Royal Australian Mint has now released a five dollar 1 ounce fine silver frosted uncirculated coin to commemorate the 100th Australian receiving the VC (combined total of both the Imperial VC and the Victoria Cross for Australia). The reverse coin design depicts the Maltese Cross, with a lion guardant above a crown symbolizing the British Royal Family. The obverse depicts the portrait of Queen Elizabeth II, designed by Ian Rank-Broadley. The coin is issued at $70 with a capped mintage of 30,000 coins.

1oz Silver Victoria Cross $5 Coin in Pack (image courtesy www.ramint.gov.au)

1oz Silver Victoria Cross $5 Coin in Pack (image courtesy www.ramint.gov.au)

Posted in Coin News, Collecting Coins

What are Australian Coins Made Of?

Right now all circulating Australian coins are made of two different metal alloys. 5 cent, 10 cent, 20 cent, and 50 cent coins are silvery grey in colour and made from an alloy of 75% copper and 25% nickel. This alloy is typically referred to as Copper/Nickel or sometimes CuNi. The other two coins you’re going to find in your change the one dollar and two dollar coins and are pale gold in colour. These are made from alloy of 92% copper and 8% aluminium which is called Aluminium Bronze or AlBr.

Were Australian Decimal Coins Ever Made of Other Metals?

If you’re about 30 or older then you probably remember when one and two cent coins circulated in Australia. These coins were introduced in 1966 (along with the other decimal coins) and were withdrawn from circulation in early 1992. They were bright shiny orange when new and became a dull dark brown as they aged and were heavily circulated. Both the one and two cent coins were made from a bronze alloy which is 97% copper, 2.5% zinc and 0.5% nickel.

The other decimal coin that was made of a different material is the fifty cent coin. The current 50 cent coin as we know it has a distinctive dodecagonal 12 sized shape and was first released into circulation in 1969. However, when decimal coins were unleashed on Australia in 1966 the 50c coin was round and was an alloy of 80% silver and 20% copper. More than 36 million of them were minted and each contained nearly a third of an ounce of silver. Because of their silver content the intrinsic value of the metal they contained quickly outstripped the face value and they were hoarded in huge numbers by the Australian public. Because it was actually a loss making exercise to make the round fifty cent coins the government only made them for 1966 and rapidly withdrew them from circulation. You’re not likely to find a round fifty cent in your change but you’ve probably heard of them because they have achieved something of a legendary status among the Australian public.

Are Decimal Collector Coins Made from Other Metals?

The Royal Australian Mint (RAM) and the Perth Mint release a large number of coins for the collector market every year and have done so for many years. These coins, while technically legal tender, are not really intended to be used as money and are known as non circulating legal tender (NCLT). Australian collector coins have been made from almost every metal you can think of, including platinum, gold, silver, copper nickel, aluminium bronze, bronze, and copper. To work out what metal your collector coin is made out of you could Contact Us and describe your coin or you could go to your library and borrow a coin catalogue and look it up yourself.

What Were Australian Coins Made From Before Decimal Coins?

Before Australia moved to the decimal system in 1966 we were in what is known as the “pre-decimal” era and our coins used the pounds, shillings, and pence (£/s/d) system. Denominations minted for Australia from 1910 through to decimal changeover were the half penny, the penny, the threepence, the sixpence, the shilling, the florin, and the crown. The half penny and penny coins were made from the same bronze alloy that one and two cent coins were made from. Crowns (5 shillings) were only minted for 1937 and 1938 and were made of sterling silver which is 92.5% silver and 7.5% copper. Any threepence, sixpence, shilling, and florin dated BEFORE 1946 was also made from sterling silver. Australian silver coins dated from 1946 to 1964 were minted from an alloy known as “quaternary alloy” which is made up of 50% silver, 40% copper, 5% zinc, and 5% nickel.

Like the 1966 50 cent coins I mentioned earlier Australian silver pre-decimal coins have an intrinsic value above and beyond their face value. You can work out what the value of the silver they contain is by using our silver coin calculator here.

Are Australian Coins Ever Going to be Made of Other Metals?

While we can’t say for certain there’s at least some chance that our coins could be made of other metals at some stage in the future. The main reason for this would be to reduce the cost of manufacture of the coins. The difference in the cost of materials and manufacturing for a coin and it’s actual face value is known as “seignorage” and obviously the government likes to maximise this profit. Australia’s close neighbour, New Zealand, used to have circulating decimal coinage of the same size and composition as ours. But in 2006 they produced a new series of coins that were both smaller than the preceding decimal coins and made of different materials. This helped them realise a significant cost saving and resulted in a smaller, easier to understand coinage that has been widely accepted by the New Zealand public. Common sense dictates that Australia could follow the same path with our decimal coins at some point.

Posted in Collecting Coins

Australian Pre Decimal Coins

It you’re new to coin collecting in Australia then you’re probably aware by now that most Aussie collectors collect pre decimal coins in one form or another. It wouldn’t surprise me though, if you’re not exactly sure exactly what exactly is an Australian Pre Decimal Coin. And that’s not actually too unusual because it’s now rapidly approaching 50 years since the pre-decimal coin era finished. I’m 43 and I have exactly zero memory of seeing any pre-decimal coins in circulation.

So What is an Australian Pre-Decimal Coin?

The most generally accepted definition is that an Aussie pre decimal coin is any coin that was minted for circulation in Australia and is dated between 1910 and 1964. Pre-decimal coins were minted for Australia during this period in Australia itself (in Sydney, Melbourne, and Perth), in Great Britain, in India, and in the USA. Coin denominations minted were the halfpenny (1/2d), the penny (1d), the threepence (3d), the sixpence (6d), the shilling (1s), the florin (2s), and the crown (5s). There were three basic units of currency, the pound (£), the shilling (abbreviated with an s), and the penny (abbreviated with a d). Two half pennies made up penny. There were 12 pennies to the shilling and 20 shillings to the pound (£) sterling. Thus there were 240 pennies or 10 florins to each pound.

Reverse Designs of the Crown,Florin, and Shilling

Reverse Designs of the Crown,Florin, and Shilling

Coins were minted in Bronze (the penny and half penny) and in silver alloy (threepence, sixpence, shilling, florin and crown). The silver coins had what is known as an intrinsic silver value due to the silver bullion each coin contained. The exact silver value of each coin depended on the year it was minted as silver coins dated prior to 1946 were minted in an alloy that was 92.5% silver while those dated from 1946 to 1964 was a 50% silver alloy. The bullion value of silver pre decimal coins is easily worked out using this calculator.

The design of our pre decimal coins did not remain stagnant. The obverse (or heads) design changed each time the reigning monarch of England changed. Portraits of Edward VII, George V, George VI, and Elizabeth II adorned the coins at one time or another. In addition, commemorative florins issued in 1927 and 1934 had slightly different portraits of King George V than what was seen on other coins. The reverse (or tails) side of pre-decimal coins underwent a major redesign in 1938 and 1939. The reverse designs of all the coins except the halfpenny changed in 1938 and that coin changed in 1939. The exception here is the crown (or 5 shillings) coin which was only minted for 1937 and 1938 and the design was the same both years.

Reverse Designs of the Sixpence, Threepence, Penny, and Halfpenny

Reverse Designs of the Sixpence, Threepence, Penny, and Halfpenny

On February 14, 1966 the pre-decimal era finished in Australia and the decimal era of dollars and cents began. While it’s nice to think that there was an instant change the reality was that pre decimal coins were assigned an equivalent value in dollars and cents and continued to circulate for a number of years after 1966. But the numbers dwindled fairly rapidly. My parents tell me that while it wasn’t common, it wasn’t actually that unusual to see florins in your change until the mid 1970’s.

What about Sovereigns and Half Sovereigns?

If it was up to me I’d include Australian minted gold sovereigns and gold half sovereigns in the definition of what makes up an Australian pre decimal coin. Both coins are 22 carat gold. Half sovereigns contain a bit under an eighth of an ounce of gold, are about the size of a modern five cent coin and were valued at half a pound or 10 shillings. Sovereigns are twice the weight of a half sovereign containing fractionally under a quarter of an ounce of gold, were valued at a full pound (or 20 shillings) and are a couple of millimeters in diameter smaller than a ten cent coin.

An Australian Gold Sovereign

An Australian Gold Sovereign

Sovereigns and half sovereigns were minted for circulation in Australia from 1855 until 1919 (in the case of halves) and 1931 for the full sovereigns. During this time they were minted at the Australian branches of the Royal Mint in Sydney, Melbourne, and Perth.

What I’m Not Including in Pre-Decimal Coinage

I’m going to exclude any English coinage that might have circulated in Australia in the second decade of the 20th century and prior to this period. While British coins did circulate here in that period they are not intrinsically Australian and cannot be classified as Aussie predecimals. To my mind these coins are British and should be collected as such. Of course they could easily be included in a collection of “coins that circulated in Australia”.

I’m also going to exclude colonial coins such as Adelaide Pounds, Assay Office Ingots, traders tokens, Taylor gold tokens, holey dollars and dumps, and proclamation coins. While it could be argued that all of these coins are “pre-decimal” because they were valued in pounds, shillings, and pence I believe they fit neatly into another category of collecting. That of Australian Colonial coins and Proclamation Coins.

Posted in Collecting Coins

Australian Penny Values

Australian Pennies

Australian Pennies

You’ve found a bunch of old brown coins hidden away or in a drawer and you’re wondering if they’re worth anything?

Do Australian Pennies Have any Value?

The tails side of an Australian Penny either says “Commonwealth of Australia” and “ONE PENNY” or shows a kangaroos facing left with AUSTRALIA above and PENNY below. On the head side we might see the Kings George V, VI or Queen Elizabeth II. The Australian Penny was issued with the dates 1911 to 1964 and the diameter should be 30.8 millimeters. Aussie pennies should weigh 9.45 grams, but this can vary by up to half a gram and a worn coin that’s been in many pockets would typically weigh less.

So What are the Valuable Australian Pennies?

There are three key dates to look out for when looking through Australian Pennies and trying to work out their value.

1930 penny -number minted 1,200 coins. Value $10,000+

The 1930 penny is not only the best known Australian penny, it’s almost certainly the best known Australian rare coin. It also happens to be one of the most valuable Australian pennies. It’s very unlikely that you’d find one of these. However, if you do find a penny dated 1930 and your coin doesn’t say Commonwealth of Australia but features a lady sitting on a rock facing to the right of the coin and holding a trident then it’s a British 1930 penny. These are often used to fill a hole in a set of pennies. By the way, that lady on the rock? That’s Britannia, the female representation of Great Britain.

Australian 1925 Penny

1925 penny -number minted 117,000 coins. Value $100 +

1946 penny -number minted 363,000 coins. Value $50 +

The other two “keydate” Australian pennies that you might find are the 1925 and 1946 penny. The 1925 has the Commonwealth of Australia design on the tails side, while the 1946 penny has a kangaroo on the tails side. Both are well worth looking for.

1933/2 overdate penny. Value $20+

If you’ve picked out all the 1933 pennies, you’ll need to look very closely at the last 3 in the date and you’ll probably need some sort of magnifying glass or loupe. If, beneath the 3 it looks to have a curve at the top that might have once been a 2, then you could have found an overdate. Read more about overdates here.

Beware of Fakes

There are many fake or counterfeit coins bearing these dates so if you do find a valuable penny then you’ll need to have it evaluated by an expert. A good coin dealer can determine if it’s genuine and grade your coin. Sometimes they’ll do this for free, other times they may charge a small fee to do so.

Look for Penny Varieties

There are also some varieties to look out for and if you’re keen to know more you should pick up an Aussie coin catalogue or head to your local library and borrow a coin book to read up on what to look out for.

Grading and Storing your Pennies

To more accurately determine the value of your Australian penny you should be aware it’s ALL about condition. A bright orange/red coin with full design details present that looks as good as the day it left the Mint will be worth considerably more than an old brown worn penny. Pennies are made from bronze and left the Mint looking a bight orange/red. They’ve turned brown over the years with exposure to the environment which is called toning.

But don’t be tempted to clean your pile of pennies, this will significantly reduce their value.

Giving them a brighten up with a soak in Coca Cola or a polish up with Brasso is a huge no-no. Coin collectors and dealers can tell immediately if a coin has been cleaned and this will dramatically reduce the value of your penny.

You can look out for pennies with green spots, this is called verdigris and is a kind of copper cancer which will spread. Any coins you find with this green verdigris present should immediately be removed to a quarantine bag so it doesn’t spread to the other coins.

If you’re not a coin collector and don’t have the proper coin storage accessories then a polypropylene bag such as a food grade zip lock bag will be adequate to store your coin horde in.

Keep in mind the more the coins jostle about together the more worn they become so any better looking coins might best be stored in their own bag.

So what’s the value of this pile of Australian pennies?

Now that you’ve removed the key date coins and any that need further investigating or quarantining, what’s left? A pile of bronze. If you take those to a coin dealer then you’ll probably be offered a price per kilo or perhaps a small price per coin for your pennies..

Posted in Collecting Coins Tagged with: ,

Australian 1992 Mob of Roos Dollar

Circulation 1992 Mob of Roos One Dollar -we've made this one up, does it exist?

Circulation 1992 Mob of Roos One Dollar -we’ve made this one up, does it exist?

There’s a big question over whether this coin exists or not -the Stuart Devlin designed 5 kangaroos standard reverse design on the Australian one dollar coin dated 1992 and released into circulation. The Royal Australian Mint certainly think they minted some and released them into circulation but collectors who search bulk coins and browse their change think differently. No one has ever found one…not one.

The Royal Australian Mint website which lists Australian Dollar designs and mintages shows .008 million coins entering circulation, that’s 8,000 that have never been seen or found. Surely it’s a mistake or these would have showed up somewhere.

Well the odd one has. Back in February 2012 in Downies Australian Coin Auctions number 310 lot number 2493 was described as one dollar 1992 with mob of roos reverse struck on a partially prepared proof blank, as struck and extremely rare estimate $750 and sold for $1,000 ($1190 inc buyers premium). Collectors can recall a few others appearing for sale every now and then but these can be counted on one hand. This suggests they were struck as “mint sport” and not part of the elusive 8,000 circulation coins that have been misplaced!

Collectors have put their heads together and come up with a rather plausible explanation for the 8,000 coins that appear in the 1991-1992 Royal Australian Mint Annual Report. In 1992 one of the collector coin sets that was issued was the Australian One Dollar Five Coin Set. This set included restrikes of past dollars including mob of roos dollars dated 1984 and 1985 and the commemorative dollar for 1992 which was the Barcelona Olympic coin. Maybe an error in the RAM financial report declaring their production statistics was made and these coins have been misidentified in the report.

It may also be important to note that in 1988-1989 $36 million of $1 were repurchased back by the Royal Australian Mint from the Reserve Bank. Whether or not these were kept and reissued later or melted down is unclear. This may account for the 8,000 coins issued into circulation and explain that they are not dated 1992.

Just to add here the one dollar coin included in the 1992 Mint Set and 1992 Proof set was the commemorative coin celebrating the Barcelona Olympic Games and this design was not released into circulation. It could also be struck on the gallery press at the Mint in Canberra or at the Royal Easter Show which may account for why the odd one has been found in circulation as it’s been spent. It has the commemorative reverse and not the standard mob of roos design.

Confused yet? Well the reality is if you’re searching circulation coins for a 1992 Mob of Roos to add to your collection you’ll be looking for some time, as far actual real collector statistics go, they simply cannot be found.

Posted in Collecting Coins, Error Coins

The Australian 20 Cent Coin

Platypus 20 Cent Coin Reverse (1972)

Platypus 20 Cent Coin Reverse (1972)

The Australian 20 cent coin has been minted since 1966 to the present day and is highly collected and loved. It has been released with many commemorative designs both for circulation and for the collector market. The swimming platypus reverse is the standard iconic design by Stuart Devlin.

The twenty cent is 28.52 millimetres in diameter and is struck on a round shaped copper-nickel planchet of 75% copper and 25% nickel. It has edge reeding or milling and weighs 11.31 grams, the same size and weight as a pre-decimal florin.

The standard reverse or tails side of the Australian 20 cent is the design of a swimming platypus by coin designer, sculptor and master silversmith Stuart Devlin. Of all the standard Australian circulating coin designs that Mr Devlin engraved this platypus is his favourite. There is a perception of depth in the design that he sought to capture with this coin winning the hearts of a nation. It is one of the most highly collected denominations.

Stuart Devlin now lives in England but in 1963 resided in Melbourne where he entered a competition to design the new decimal coins for the changeover to decimal currency in 1966. The decimal 20 cent would replace the silver one florin in the old money. The twenty cent platypus design carries Mr Devlins SD initials next to the to the claw at approximately 9pm.

The platypus design was not issued for circulation every year so some dates must be obtained from Mint Sets. Almost all the coins have been minted at the Royal Australian Mint in Canberra although in 1966 some coins were struck in London and in 1981 Wales and Canada. The Canadian coins having a distinctive missing claw (or 3.5 claws) mintmark/variety. One particular die that struck coins in London in 1966 had a wave on the top of the baseline of the 2 and is called the Wavy 2 or Wavy 20 variety, these coins can be found in your change and can be worth hundreds of dollars.

Many commemorative 20 cent coins have been struck for both circulation and collectors. It’s always a surprise to get something different in your change and discover what event or milestone Australia celebrates. We began to issue commemorative 20 cent coins in 1995 with the 50th anniversary of the United Nations and then theSir Donald Bradman tribute coin in 2001. Following this a barrage of commemorative coins entered circulation and many more were minted for collectors called NCLT that were released in special packaging but were not intended to circulate. The list of commemorative coins you could find in your change (at this time) is almost 20 different coins!

Every coin features the denomination on the reverse and the obverse has seen three different portraits of Queen Elizabeth II. From 1966 to 1984 the twenty cent was minted with the Arnold Machin portrait of the young Queen. From 1985-1998 it was struck with the Raphael Maklouf portrait and today (from 1999 to the present) we see the mature depiction of QEII by Ian Rank-Broadley.

Slight variations in the obverse design can be found with the Mint trialing newer technology resulting in 2004 a large head and small head Queen obverse and differences in the font of the IRB initials of designer Ian Rank-Broadley. In 2013 the Mint struck the platypus 20 cent piece in their 6 coin uncirculated set in hyper-metallic colour!

The Australian 20 cent platypus in colour!

The Australian 20 cent platypus in colour!

Error 20 cent coins can show up from time to time and can be very spectacular. Of particular rarity are the platypus 20 cent being struck on a Hong Kong $2 scallop shaped planchet of which only a handful are known and also the platypus design struck on a bi-metal planchet is sure to stick out and be noticed as something unusual! These are however coins made in error where wrong planchets have been mixed up in the barrels of blanks and can fetch thousands of dollars on the collector market. Other known 20 cent error coins are more commonly found but still keenly sought the partial collar error, clipped planchet error, split planchet error andlamination flaws.

To date over 1.8 billion uncirculated 20 cent coins have been minted to be carried around in Australian pockets! Check out the mintages in our handy online tool Australian Coin Mintages. This tool is a work in progress so please excuse it’s incompleteness.

Platypus 20 Cent Coin Obverses from left Machin, Maklouf and Rank-Broadley portraits of Queen Elizabeth II

Platypus 20 Cent Coin Obverses from left Machin, Maklouf and Rank-Broadley portraits of Queen Elizabeth II

Posted in Collecting Coins

2012 AFL Premiers 1 Dollar Corporate Functions Gift Pack

Australia 2012 AFL Premiers 1 Dollar Corporate Gift Pack

Australia 2012 AFL Premiers 1 Dollar Corporate Gift Pack

Unknown to the coin collecting community in 2012 the Royal Australian Mint in conjunction with Australia Post and the Australian Football League (AFL) released a commemorative 1 dollar coin which was distributed as a gift at AFL corporate functions in different packaging to what we’ve already seen this coin in. Officially released to stamp and coin collectors in a pnc (philatelic numismatic cover) this coin appears again with a small card in a sealed bag and was given away as memorabilia of the AFL 2012 season at official AFL corporate functions.

Update 2015: This special packaging issue appears for the first time in the 22nd (2015) edition of the McDonald’s pocket guide to Australian Coins and Banknotes catalogue. With an issue of 2,500 of these corporate gift packs it’s rare to see them for sale.

Australia 2012 AFL Premiers 1 Dollar

Australia 2012 AFL Premiers 1 Dollar

Posted in Collecting Coins

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Current Coin Values, Bullion Prices and Exchange Rates

AUD $18.93
Australian 1966 Round 50c
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These values are updated hourly using New York market prices. Coin values are purely the value of the gold or silver they contain and do not account for any numismatic value.
Prices Last Updated: 04:04 10 Jun 2025

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