What is the value of a 1937 Australian Penny?

Answer 1

There was no Australian 1937 Penny released into general circulation due to there being sufficient Pennies in circulation at the time.

There were three types of Australian 1937 "Pattern" Penny all of which were minted in London.

A "Pattern" coin is one that is struck as a suggestion for a design, but not necessarily adopted. Pattern coins are supposed to be destroyed after their purpose has been served however, destruction seems to happen very infrequently.

Type 1 - features King George VI on the obverse and a kangaroo reverse. There were 10 struck and could fetch up to $250,000 AUD in mint condition. This coin is the design on which future Australian Pennies would be based.

Type 2 - (Uniface Model) features a blank obverse with the word "MODEL" across the it and a kangaroo reverse. There were 8 struck and could fetch up to $110,000 AUD in mint condition.

Type 3 - (Uniface) is a unique silver coin with a blank obverse and a kangaroo reverse. According to records, there was only 1(?) struck and could fetch up to $75,000 AUD in mint condition.

A Type 2 coin with a hole drilled through the planchet was sold for $2,700 AUD in 1995.

A Type 3 coin with was sold for $6,600 AUD in 1985, making the "uniqueness" of this coin questionable. No other coins of this type have been seen since.

A reputable coin dealer will be able to confirm the authenticity of the coin and give a more accurate valuation.