1956 Perth Proof Penny
1956 Proof Penny Perth Mint
QualityBrilliant FDC
RarityOriginal mintage 417
ProvenanceEx Karl Stephens California 1989
Price$ 16,000
SoldFebruary 2012
QualityBrilliant FDC
RarityOriginal mintage 417
ProvenanceEx Karl Stephens California 1989
Price$ 16,000
SoldFebruary 2012



Coinworks Historical Price Index
2012 2011 2009 2007 2012 2011 2009 2007
$ 17,000 $ 13,500 $ 10,000 $ 8,000 $ 17,000 $ 13,500 $ 10,000 $ 8,000


Coinworks respect for quality AT ALL DOLLAR LEVELS is reflected in our recommendation of this spectacular 1956 Perth Mint Proof Penny.

This coin has not seen the light of day for more than two decades. And it shows! Superb for quality, it is a solid blazing orange.

The former property of one of Melbourne’s leading proof coin collectors, he confirmed that it was acquired from dealer Karl Stephens in 1989.

That this coin came from the US is a further endorsement of its quality.

The Perth Mint had developed a large export market for its early commercial proofs (1955 to 1963); US collectors the Mint’s prime target. It is acknowledged that the quality of those coins sold into the US were far superior to those sold locally.

The outstanding quality of this coin also is a guarantee of its rarity.

You would be lucky to sight a similar calibre 1956 Perth Proof Penny at auction annually. And it’s the quality and the rarity of this coin that underpins its financial growth.

The 1956 Perth Mint Proof Penny was valued at $4250 in 2000.

History of the Series of proof coins, 1955 to 1963, struck at the Melbourne and Perth Mints.

In 1955 Treasury bowed to collector and dealer pressure and sanctioned the striking of proof coins as part of an on-going commercial venture. The ‘collector’ proof coin series, launched in 1955 to the delight of the collecting public came to a conclusion in 1963, just prior to decimal currency changeover.

Government intervened in just one aspect of the program - only those coins being struck for circulation were to be issued as proofs. For the Perth Mint, operating as a copper producing mint, this meant the striking of penny and halfpenny proofs only.

The coins were released annually with an official issue price of face value plus a premium of one shilling per coin … mintages averaged around the 1,500 mark.

Each piece was minted to exacting standards – from the selection and polishing of blanks, the preparation of dies and ultimately the actual striking. The result is a coin that is pleasing to the eye, well struck with strong designs and superb smooth background fields.

It is an important series in our currency heritage for it represents Australia’s very first annual proof coining program.

Past performance of investments and other financial matters is no indication of future returns or performance.

 

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