1930 Wheat Penny value

Lincoln Penny value listed. A step by step approach is use to evaluate and identify variety, judge grade and determine how much wheat pennies are worth. Images visualize each important step. Value chart lists all dates in the wheat penny series.

About The 1930 Wheat Penny

1. 1930 D Wheat Penny CoinTrackers.com has estimated the 1930 D Wheat Penny value at an average of 35 cents, one in certified mint state (MS+) could be worth $20.
2. 1930 Lincoln (Wheat) Penny The Lincoln penny is an iconic piece of US coinage history. That much is perfectly exemplified by the fact that part of its design is still in use today. For collectors, the 1930 Lincoln is just one of many that must be added to any competent collection.

1930 Wheat Penny Facts

The 1930 Wheat Penny was minted in 1930 at the Philadelphia Pennsylvania mint. In 1930 there were 157,415,000 1930 pennies minted in all. Of course this figure doesn’t reflect the mint proofs that could have been minted that year at the Philadelphia mint and only includes the amount of 1930 Wheat Pennies that were poured into circulation.

How Many 1930 Wheat Pennies Were Minted?

1930 Amount Minted 157,415,000

How Much Is A 1930 Wheat Penny Worth?

The 1930 Wheat Penny is worth between .25 cents and $38.00 on average.

This value is strictly based on the coins grade and desirability (amount minted) and doesn’t take current copper spot prices into account as these coins are made of 95% copper (except for the 1943 PS&D steel Wheat Penny) and copper prices are based upon the economy and the global stock market. This value is not iron clad, though the value of Wheat Pennies as a whole have slightly increased every single year by a small margin.

These days copper is all but considered a precious metal. And although the Wheat Penny is made of 95% copper, coin collectors don’t specifically value a coin based upon its make up, but rather its condition and overall desirability. The desirability can vary from coin to coin and is usually based upon the luster, overall condition, amount originally minted of that particular coin, year and mint mark. For instance, coins with a low mintage most often tend to be worth significantly more than others with a higher mintage.

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The Australian penny was a coin of the Australian pound used in the Commonwealth of Australia prior to decimalisation in 1966. It was worth one-twelfth of an Australian shilling and 1/240 of an Australian pound. The coin was equivalent in its dimensions, composition and value to the British penny, as the two currencies were fixed at par.

The coin was first introduced in 1911, and stopped being minted in 1964, with the introduction of decimalisation. When decimalisation happened on 14 February 1966, the coin value was equal to 0.8333¢.

The obverse of the coin featured the reigning Australian monarch. Three were featured: George V, George VI and Elizabeth II. All of the pennies featuring George VI and Elizabeth II had a kangaroo on the reverse. The kangaroo image was on the Australian half-penny and has since been included on the dollar coin and the bullion silver kangaroo.

During the George VI era, coins minted at Perth had a dot either at the end of the word 'PENNY', after the word 'AUSTRALIA' or in between the 'K' and 'G' above the end of the kangaroo's tail, while coins from Melbourne did not have a dot. An 'I' under the bust of George VI denoted being minted in India and is only found on pennies and half pennies dated 1942 and 1943. A 'PL' mintmark after 'PENNY' denoted minting in London, England and is only found on the 1951 dated penny and half penny. This continued through the end of the coin's lifetime.

Types[edit]

Numismatics[edit]

The 1930 penny is one of the rarest Australian coins, due to a very small number being minted^[1] and holds the record as the most valuable copper penny in the world.^[2]It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more.^[3]

1930 Penny How Much Is It Worth

Other 'hard to get' years include 1925, 1946.

There are also some valuable varieties of the Australian penny. Most varieties arose as a result of either historical events that impacted normal operation of the country's coin mints or intended changes in the coin minting processes. For example, there is a cluster of 1931 penny varieties that evidences an experimental period of penny production at the Melbourne Mint during the start of the Great Depression. Additional varieties of the 1931 penny, such as the so called 'Unicorn Penny', are still being identified today.^[4]

Another example is the cluster of 1920 penny varieties that evidences the transfer of dies from the Melbourne Mint to the Sydney Mint, which involved a series of experimental strikes in preparation for the first official pennies that were struck by the Sydney Mint in October 1920.^[5] Similarly, the 1952 cluster of penny varieties arose when the Perth Mint began to produce its own pennies following a series of experimental strikes.^[6]

While many penny varieties are common, there are some extremely rare and valuable examples, such as the 1930 English obverse penny ^[7] and the 1920 English obverse penny with a dot above the bottom scroll.^[8]

Minting figures[edit]

The numbers below include specimens and proof issues, where mintage for them is known. Counting these, a total of 814,788,088 (815 million) coins of the denomination were minted during its existence.^[9]

• 1911: 3,768,000
• 1912: 3,600,000
• 1913: 2,520,000
• 1914: 720,000
• 1915: 2,280,000
• 1916: 3,324,000
• 1917: 6,240,000
• 1918: 1,200,000
• 1919: 5,810,160
• 1920: 9,041,600
• 1921: 7,438,320
• 1922: 12,697,440
• 1923: 5,654,400
• 1924: 4,665,840
• 1925: 1,639,200
• 1926: 1,860,000
• 1927: 4,922,450
• 1928: 3,038,400
• 1929: 2,599,200
• 1930: unknown (usually estimated around 1600)
• 1931: 494,400
• 1932: 2,116,800
• 1933: 5,817,600
• 1934: 5,808,100
• 1935: 3,724,900
• 1936: 9,890,400
• 1937: 12 (unreleased pattern)
• 1938: 5,552,650
• 1939: 6,240,000
• 1940: 5,188,800
• 1941: 14,382,800
• 1942: 21,244,800
• 1943: 53,198,400
• 1944: 29,942,000
• 1945: 15,172,806
• 1946: 240,000
• 1947: 11,174,400
• 1948: 28,150,000
• 1949: 27,064,800
• 1950: 57,846,800
• 1951: 52,128,000
• 1952: 57,922,000
• 1953: 13,138,816
• 1955: 17,447,101
• 1956: 25,994,917
• 1957: 15,979,112
• 1958: 24,443,334
• 1959: 16,048,136
• 1960: 20,516,230
• 1961: 30,608,240
• 1962: 34,852,664
• 1963: 10,259,660
• 1964: 64,590,000
• 1965: none ever sighted

References[edit]

1930 Penny D

1. ^Numismatics: Australia: 1930 penny
2. ^Proof 1930 penny sold for $1.15 million
3. ^Why Invest in Rare Coins and BanknotesArchived 30 October 2009 at the Wayback Machine
4. ^Journal of the Numismatic Association of Australia, Vol. 29
5. ^http://www.benchmarkcoincatalogue.com/catalogue/coin/460
6. ^Journal of the Numismatic Association of Australia, Vol. 11
7. ^http://www.benchmarkcoincatalogue.com/catalogue/coin/481
8. ^http://www.benchmarkcoincatalogue.com/catalogue/coin/460
9. ^'Penny from Australia'. Online Coin Club.

• Bruce, Colin R.; Thomas Michael (2005). 2006 Standard Catalog of World Coins (1901–present). KP Books. p. 67. ISBN0-87349-987-5.

How Much Is A 1930 Penny Worth

External links[edit]