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The rarest Australian Halfpenny issued for general circulation would be the 1923 Halfpenny. It is thought that there were only 15,000 minted. One of these coins, even in poor condition, might fetch over $1,000 AUD.

The rarest of all Australian Halfpennies is the 1916 "mule". It has the reverse of the Australian Halfpenny and the obverse of the Indian Quarter Anna coin struck on an Australian Halfpenny blank (or planchet). These are an error coin and should never have made it into circulation. It is thought that less 10 were struck and are worth tens of thousands of Dollars AUD. All known examples of this coin are accounted for.

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