1930 AUSTRALIAN PENNIES COME TO MARKET

 

Six lucky Australians have found rare 1930s pennies potentially worth a small fortune after searching through their drawers.

It comes after one rare penny sold for a record-breaking $60,000 at auction last month.

Since then, a handful of Australians have searched their homes for their own rare pennies.

Following the news of the penny breaking a record at Lloyds Auctions, people were flooding our phones in hopes they had one of these rare pennies and from this we have now seen six more come to auction, Lloyds Auctions chief operations officer Lee Hames said.

We had customers going through their drawers following the news of the last penny sale and to the surprise of some custodians they found their own 1930s penny which we now have up for auction.

Hames said the six 1930s pennies up for auction this Sunday are expected to collectively achieve well into a six-figure sum.

Two of the pennies have a grading of very fine, that being better than the penny we sold last month, so we could possibly see these two pennies break another record, he said.

The six 1930s pennies will go under the hammer from 7pm this Sunday, November 6 through Lloyds Auctions.

Hames said the record-breaking penny was a product of the Great Depression in 1929, when Australia's shrinking economy caused lower demand for currency. While about 3000 pennies were accidentally minted in 1930, only about 1,500 ended up in circulation.

Many were damaged and discarded over the years and it is unknown exactly how many are in collectors' hands today.

To read the complete article, see:
Six rare 1930s Australian pennies up for sale (https://7news.com.au/business/finance/six-rare-1930s-australian-pennies-up-for-sale--c-8735524)

	NBS (coinbooks.org) Web