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An Australian 1918 bronze Penny (George V)(minted in Calcutta - mintmark = I), uncirculated and in absolute mint condition could fetch up to $3,500 AUD. If it has been circulated but still in good condition, it might fetch anything from $6 to $425 AUD.
There were 1.2 million minted.
An Australian 1918 bronze Penny (George V)(Proof)(minted in Calcutta - mintmark = I), uncirculated and in absolute mint condition could fetch up to $65,000 AUD.
A reputable coin dealer will be able to give a more accurate valuation.
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