1942 and 1943 australian pennys

COINAHOLICS AUTONOMOUS
17 Mar 202310:06
EducationalLearning
32 Likes 10 Comments

TLDRIn this video, the host discusses the 1942 and 1943 Australian one Penny coins, minted in Bombay, Perth, and Melbourne. The coins are made of 97% copper with a smooth edge, weighing 9.45 grams and measuring 30.8mm in diameter. The mintage of the 1942 Bombay Penny was 9 million, while the Perth version had 33.8 million. Value-wise, a PCGS MS63 Bombay Penny sold for $141.5 in 2018, and a Perth Penny went for $95.10. The host also explains how to identify the mint by the presence of dots on the coin and advises viewers on the importance of condition and rarity for collectors, especially since these coins were demonetized in 1967.

Takeaways
  • 🏦 The 1942 and 1943 Australian Penny coins were minted in three different mints: Bombay, Perth, and Melbourne.
  • 🏹 The metal composition of these coins is 97% copper, with the remainder being tin and zinc.
  • ⚖️ Both coins have a weight of 9.45 grams, a diameter of 30.8 millimeters, and a thickness of 1.8 millimeters.
  • 🔍 The mintage of the 1942 Bombay minted coin was 9 million, while the 1943 Perth minted coin had a mintage of 33 million and 800,000.
  • 💰 The value of the Perth minted coin in PCGS mint state 63 sold for $95.10, while the Bombay minted coin of the same grade sold for $141.55.
  • 🔍 Dots on the coin can help identify the mint: Bombay (dot on left 'P' and right 'Y'), Melbourne (no dots), and Perth (dot on right 'Y').
  • 📈 Collectors are interested in these coins, especially since they were demonetized in 1967, making them more sought after.
  • 🏹 The 1942 Melbourne mint coin is particularly rare due to its low mintage.
  • 🌟 The condition of the coins is important, with well-preserved coins maintaining their value and potential for higher grading.
  • 🎥 The reverse of the coin features the year, 'Australia', 'penny', and a kangaroo with 'KG' (Kruger Gray) below the tail.
  • 👑 The obverse shows 'George the sixth, by the grace of God King of all Britons and Emperor of India', reflecting the historical context.
Q & A

  • Which years are covered by the Australian penny coin discussed in the video?

    -The video discusses the 1942 and 1943 Australian penny coins.

  • In how many mints were the 1942 and 1943 Australian pennies produced?

    -The 1942 and 1943 Australian pennies were minted in three different mints: Bombay, Perth, and Melbourne.

  • What is the metal composition of the 1942-1943 Australian pennies?

    -The metal composition of the 1942-1943 Australian pennies is 97 percent copper, with the remainder being tin and zinc.

  • What are the dimensions and weight of the 1942-1943 Australian pennies?

    -The 1942-1943 Australian pennies weigh 9.45 grams, have a diameter of 30.8 millimeters, and a thickness of 1.8 millimeters.

  • How can you identify the mint of origin for the 1942-1943 Australian pennies?

    -The mint of origin can be identified by the presence of dots on the coin. A dot on the left side of the 'P' and the right side of the 'Y' indicates the Bombay mint, no dots indicate the Melbourne mint, and one dot on the right side of the 'Y' indicates the Perth mint.

  • What was the mintage of the 1942 penny made in Bombay, India?

    -The 1942 penny made in Bombay, India had a mintage of nine million coins.

  • What was the highest sale value of the 1942 Australian penny from the Perth mint?

    -The highest sale value of the 1942 Australian penny from the Perth mint was $95.10 for a PCGS mint state 63 coin.

  • How much did a PCGS mint state 63 1943 Australian penny from the India mint sell for?

    -A PCGS mint state 63 1943 Australian penny from the India mint sold for $141.05 in 2018.

  • Why are the 1942 and 1943 Australian pennies sought after by collectors?

    -The 1942 and 1943 Australian pennies are sought after by collectors because they were demonetized in 1967, and many were turned in for cash before they were demonetized, making them less common today.

  • What is the design on the reverse side of the 1942 and 1943 Australian pennies?

    -The reverse side of the 1942 and 1943 Australian pennies features a kangaroo with the text 'Australia' at the top and 'Penny' at the bottom, along with the year of minting.

  • What does the 'KG' on the reverse side of the coin represent?

    -The 'KG' on the reverse side of the coin stands for George Kruger Gray, the designer who has worked on Canadian, British, and Australian coins.

  • What is the inscription on the obverse side of the 1942 and 1943 Australian pennies?

    -The obverse side of the 1942 and 1943 Australian pennies has the inscription 'George the sixth, by the grace of God King of all the Britons, and Emperor of India'.

Outlines
00:00
🪙 Introduction to 1942 and 1943 Australian Pennies

The video begins with an introduction to the 1942 and 1943 Australian Penny coins, highlighting their minting in three different mints: Bombay, Perth, and Melbourne. The script mentions the host's recent illness and quickly delves into the specifics of these coins, including their metal composition (97% copper, with tin and zinc), weight (9.45 grams), diameter (30.8 millimeters), and thickness (1.8 millimeters). It also discusses the mintage numbers, with the 1942 Bombay minted coin having a lower mintage of nine million compared to the 33 million and 80,000 from Perth. The value of these coins is touched upon, with a PCGS mint state 63 red-brown 1942 coin from Bombay selling for $95.10 and a similar 1943 coin from Perth for $141.55, reflecting the difference in mintage numbers. The video then explains how to identify the mint of the coins by looking for dots on specific letters and the presence of an eye stamp under the head on the obverse side.

05:01
🔍 Identifying and Valuing Australian Pennies

This paragraph discusses the value and collectability of the 1942 and 1943 Australian Pennies, noting that some people are assembling sets and are interested in these coins. Since these coins were demonetized in 1967, they have become more collectible and were often turned in for cash before demonetization. The video emphasizes the rarity and desirability of the 1942 Melbourne mint coin due to its lower mintage. The condition of the coins is then examined, with the 1942 coin showing minimal wear and maintaining its shape well, while the 1943 coin shows more wear but still retains its details. The reverse of the coins features the year, 'Australia', 'penny', and a kangaroo with the initials 'KG' for the designer, while the obverse side displays King George VI. The video concludes with a reminder to like, subscribe, and hit the like button for support, and teases the next video on the 1944 S United States one cent coin, ending with a message of safety and enjoyment in coin collecting.

Mindmap
Keywords
💡Australian Penny
The Australian Penny is the subject of the video, specifically the 1942 and 1943 editions. These coins are part of Australian currency and hold historical significance for collectors. In the video, the presenter discusses the minting process, composition, and value of these pennies, making it central to the narrative.
💡Mint Marks
Mint marks are small indicators on coins that identify the mint in which they were produced. In the context of the video, the mint marks are crucial for determining the origin of the 1942 and 1943 Australian pennies, which can affect their value. The video provides a guide on how to identify mint marks for Bombay, Melbourne, and Perth mints.
💡Metal Composition
The metal composition of a coin refers to the types and proportions of metals used to create it. For the 1942-1943 Australian pennies, the video specifies that they are made of 97 percent copper, with the remainder being tin and zinc. This composition is relevant as it affects the coin's weight, appearance, and potential value to collectors.
💡Mintage
Mintage refers to the number of coins produced by a mint or over the course of a year. In the video, the mintage numbers for the 1942 and 1943 Australian pennies are discussed, with the Bombay mint producing 9 million coins and the Perth mint producing 33 million and 80,000 coins. The mintage is a key factor in determining the rarity and value of a coin.
💡Condition
The condition of a coin is an assessment of its state of preservation, which is crucial for collectors and determines its market value. The video evaluates the condition of the 1942 and 1943 Australian pennies, noting the absence of wear patterns and the retention of details such as the hair on the obverse side, which indicates that the coin has not been significantly worn.
💡Kruger Gray
Kruger Gray refers to the depiction of a kangaroo on the reverse side of the Australian penny, designed by the artist George Kruger Gray. This design element is significant as it represents the Australian wildlife and is a distinguishing feature of the coin's design.
💡George VI
George VI was the King of the United Kingdom and the Dominions of the British Commonwealth during the 1940s, and his portrait appears on the obverse side of the 1942 and 1943 Australian pennies. The inclusion of his image on the coin reflects the historical context and the ties between Australia and the British monarchy at the time.
💡Demonetization
Demonetization is the process by which a currency loses its status as legal tender, and can no longer be used for transactions. In the video, it is mentioned that the 1942 and 1943 Australian pennies were demonetized in 1967, which has implications for their collectible status and value.
💡Collectors
Collectors are individuals who acquire items, such as coins, for their personal interest or potential value. In the context of the video, collectors are looking for specific Australian pennies from 1942 and 1943, particularly those from the Bombay and Melbourne mints, which are sought after due to their lower mintage and historical significance.
💡PCGS Mint State
PCGS Mint State refers to the grading system used by the Professional Coin Grading Service (PCGS) to classify the condition of coins as 'uncirculated' or in pristine condition. The video cites specific examples of the 1942 and 1943 Australian pennies that have been graded by PCGS, which is important for collectors as it provides an objective measure of the coin's condition and value.
Highlights

The 1942 and 1943 Australian Penny coins were minted in three different mints: Bombay, Perth, and Melbourne.

The metal composition of the 1942-1943 Australian pennies was 97% copper, with the remainder being tin and zinc.

Both the 1942 and 1943 Australian pennies have a smooth edge, weigh 9.45 grams, have a diameter of 30.8 millimeters, and a thickness of 1.8 millimeters.

The 1942 Australian Penny minted in Bombay, India had a mintage of nine million coins.

The 1943 Australian Penny minted in Perth had a mintage of 33 million and 80,000 coins.

A PCGS mint state 63 red-brown 1943 Australian Penny from the Perth Mint sold for $95.10.

A PCGS mint state 63 red-brown 1942 Australian Penny from the India Mint sold for $141.05 in 2018.

The value of the coins is influenced by their mintage, with the lower mintage 1942 coin from the India Mint being more valuable than the 1943 coin from the Perth Mint.

To determine the mint of an Australian Penny, look for dots on the left and right sides of the 'P' and 'Y' in the word 'Penny' on the reverse side.

Coins made in India have a dot on the left side of the 'P' and the right side of the 'Y', with an additional eye stamp under the head on the obverse side.

Melbourne minted coins have no dots on either side of the 'P' and 'Y', and no additional stamps.

Coins made in Perth have a single dot on the right side of the 'Y'.

People are collecting sets of these coins, making them valuable for collectors, especially the low mintage 1942 Melbourne Mint coin.

The 1942 and 1943 Australian Pennies were demonetized in 1967 and were collected or turned in for cash before demonetization.

The reverse side of the 1942 coin features a kangaroo with 'Australia' written along the top and 'Penny' along the bottom.

The obverse side of the 1942 coin displays 'George the sixth, by the grace of God King of all the Britons, and Emperor of India'.

The 1943 coin shows signs of wear, especially on the obverse side, but the hair detail remains, indicating high points have not worn off.

The 1943 coin's reverse side is not worn as much as the obverse, but it could benefit from cleaning.

The next coin to be featured will be the 1944 S United States one cent.

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AustralianCoinsNumismaticHistoryCoinMintIdentificationBombayMintPerthMintMelbourneMintCopperCompositionCoinCollecting1940sPennyNumismaticValues