How many Australian coins were made in 1930 for regular circulation and what made that One Penny from the news worth 500000 Dollars?

Answer 1

Australian general circulation coins minted in 1930 are as follows -

Halfpenny - 638,000

Penny - 3,000

Threepence - None

Sixpence - None

Shilling - None

Florin (Two Shillings) - None

An Australian 1930 Penny is the rarest coin that has ever been released into general circulation in Australian history. Only 3,000 were minted and of those, 1,500 still exist and are trading in todays market. They are still arguing about why the 1930 Penny was released at all.

There are only six 1930 Proof coins known to exist, three in museums and three in private collections.

Depending on who you choose to believe, a Proof 1930 Penny might go for anything between $250,000 and $500,000 AUD. One of the private collectors declined an offer of $1,000,000 AUD for his proof coin a few years ago.