The E-Sylum:  Volume 8, Number 49, November 20, 2005, Article 7

1930 AUSTRALIAN PENNY SETS COPPER COIN RECORD

According to a November 16 Bloomberg report, "A 1930 Proof
Australian penny sold for A$620,000 ($454,000), making it
the world's most valuable copper coin, according to
Coinworks, an Australian rare coin company."

"There are six 1930 Proof Pennies in existence, with
three in institutional collections and three in private
hands, Coinworks said."

Dick Johnson writes: "This is in comparison with the
rarest American copper coin, the 1793 Chain America Cent
(Sheldon-2), which sold in an ANR auction January 2005
for $431,250. It ranked 70th in the "Top 250 Auction
Prices" in the 2006 Red Book."

The Australian story is brief. It's at: Full Story

  Wayne Homren, Editor

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