Australia 1916-I penny
This specimen was lot 10020 in Ponterio sale 169 (Baltimore, November 2012), where it sold for $764. The catalog description noted, "AUSTRALIA. Penny, 1916-I. NGC MS-65 RB." The silver coinage for Australia commenced in 1910 but bronze pennies and halfpennies were not struck until 1911. As such, none were struck with the effigy of Edward VII. This date, struck at the Calcutta mint during World War One, is common but expensive in nice condition.
Recorded mintage: 3,324,000.
Specification: 9.4 g, bronze, 30.8 mm diameter.
Catalog reference: KM 23.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
- Ponterio, Richard, Ponterio sale 169: The November 2012 Baltimore Auction, Irvine, CA: Stack's Bowers, LLC, 2012.