New Guinea 1929 penny

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Ponterio sale 173, part of lot 1583
New Guinea 1929 penny rev Ponterio 173-1583.jpg

This specimen was part of lot 1583 in Ponterio sale 173 (New York, January 2013), where it sold for $1,939. The catalog description[1] noted, "NEW GUINEA. 1/2 & 1 Cent, 1929. KM-1 & 2. 2 pieces in lot. One year type. Issued mintage of only 400 pieces. Light hairlines somewhat subdued by light toning. Both semi-prooflike. UNCIRCULATED." The Melbourne mint struck this issue but the SCWC notes, "Entire mintage returned to the Melbourne mint which later sold 400 pcs. in sets with KM#1. The balance of mintage was destroyed."

Recorded mintage: 63,000 plus proofs.

Specification: copper-nickel.

Catalog reference: KM-2.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • [1]Ponterio, Richard, Ponterio Sale 173: The January NYINC 2013 Auction, Irvine, CA: Stack's Bowers LLC, 2012.

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