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An Australian 1950 bronze Penny (George VI)(minted in Melbourne - no mintmark), uncirculated and in absolute mint condition could fetch up to $55 AUD. If it has been circulated but still in good condition, it might fetch anything from $0.50 to $14 AUD.
There were 36.358 million minted.
An Australian 1950 bronze Penny (George VI)(minted in Perth - mintmark = Y.), uncirculated and in absolute mint condition could fetch up to $180 AUD. If it has been circulated but still in good condition, it might fetch anything from $1 to $38 AUD.
There were 21.488 million minted.
An Australian 1950 bronze Penny (George VI)(Proof)(minted in Perth - mintmark = Y.), uncirculated and in absolute mint condition could fetch up to $50,000 AUD.
A reputable coin dealer will be able to give a more accurate valuation.
Nat Olson
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