Australian Penny 1942 Appraisal
Category: Coin
Description
The image shows an Australian Penny from 1942. The obverse is not shown. The reverse depicts a kangaroo in motion, with the date '1942' above and the word 'PENNY' below. The inscription 'AUSTRALIA' is around the top edge. There is a small 'KG' mintmark visible to the right of the kangaroo, indicating the designer George Kruger Gray. The coin appears to be in circulated condition with some wear and surface marks.
Appraisal Report
This appraisal is for an Australian Penny dated 1942. The image provided shows the reverse, featuring a kangaroo design by George Kruger Gray (indicated by the 'KG' mintmark). The date '1942' is clearly visible. The obverse, which features the monarch's portrait, is not shown but is assumed to be George VI for this year. Australian Pennies from 1942 with the 'KG' mintmark were minted in Australia (either Melbourne or Perth). They are very common coins. Market Conditions & Comparables: Circulated Australian Pennies from commonplace dates like 1942 are readily available in the coin market. Values are primarily determined by condition. Prices for circulated examples generally range from under a dollar to a few dollars, depending on the specific level of wear. Dealers and collectors typically value these based on bulk pricing or minimal individual value unless they are in higher uncirculated grades. Item Condition & Authenticity: Based on the image, the coin is in circulated condition, showing noticeable wear and surface marks. Details on the kangaroo are softened, and bag marks or minor scratches appear to be present. The authenticity is assumed based on the appearance of a standard 1942 Australian Penny. No unusual features suggesting forgery are apparent in the provided image. Demand and Rarity: The 1942 Australian Penny is not considered rare. Millions were minted. Demand is primarily from novice collectors or for bulk purposes. There is no significant collector premium for circulated examples of this date and mintmark. Factors Significantly Impacting Value: The primary factor impacting the value is the circulated condition. Uncirculated or higher-grade examples would command a significantly higher premium, but this coin does not appear to fall into that category. The common date and mintmark also contribute to the low value.
Appraisal Value
$0.50-1.50