The Australian 1916 bronze halfpennies and pennies were struck at the Calcutta Mint in India. Australia was in the midst of the First World War so our lowest denomination coins were struck off-shore which allowed the Melbourne Mint to strike the 3d 6d 1/- 2/- and gold sovereigns while the Sydney Mint struck only the gold coins for that year.
Australian pre-decimal specimen or proof coins dated prior to 1955 were struck mostly in very small numbers - usually less than 10 pieces for Royalty members of parliament dignataries and designers.
The term 'proof' refers to a coin's method of manufacture not its state of preservation. Australian Pre-Decimal Proof coins of this period are struck twice from specially prepared freshly polished dies and have near brilliant surfaces with perfect detail.
It is well documented that the Melbourne Mint struck six Australian 1930 Proof Pennies and one of them sold recently for over one million dollars! To compare against Australia's most sought after and most expensive proof this coin is favourably priced.
This superb 1916 I Specimen Penny is extremely rare - one of only three sold privately or through auction since 1989. Sharply struck and showing very high rims which is notorious for specimen/proof coins of that year.
Provenance: Private Western Australian Collection
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