1932 Penny P1932P
1932 Proof Penny
QualityBrilliant FDC
RarityOne of two known
ProvenanceAustralian Coin Auctions 2002, private sale to the Madrid Collection
Price$ 125,000



Coinworks Historical Price Index
2012 2011 2009 2007
$ 110,000 $ 100,000 $ 70,000 $ 45,000


This Proof 1932 Penny caused a sensation when it made its debut at public auction nearly a decade ago. Bidding was frantic, the coin eventually selling for $36,000.

To put this figure into perspective, George V archival proofs were commanding $13,000 - $16,000 at the time.

The heady price was an acknowledgement of:

  • The coin’s stunning quality. It was the second 1932 Proof Penny to come onto the market since regular auctions commenced in 1975 – and was recognised as being the finer of the two. Not only the finest ’32 proof but one of the finest George V Proofs ever sighted.
  • The coin’s rarity, as one of only two known.

The industry has always acknowledged that there are proofs. And that there are ‘super’ proofs; so named because they are simply breathtaking in the quality of their strike.

This 1932 Proof Penny is one such ‘super’ proof.

Superb FDC quality, with meticulous clarity and depth of striking, it was said to have been especially struck for Roy Farman, close colleague of Ray Jewell.

Its quality is exceptional, it is the finest (by far) of the two known examples of the 1932 Proof Penny.

More than this however we regard it as one of the finest Proof George V Pennies

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