Australia 1946 George VI Scarce Bronze Key Date Penny Coin
Date: 1946
Comments: The 1946 penny is the key date of the George VI penny series in circulated condition and the third scarcest in top grades. The year's scarcity originates from its low mintage of 363,000 pieces, less than 1/50th of the average mintage during the wartime years.
From 1942 to 1945, Australia saw a great number of American troops stationed in Australia resulting in the addition need for circulating currency. To meet this need, Australia sought help from the San Francisco and Denver mints to strike silver coins and the Bombay mint to strike its copper. Towards the conclusion of World War II, with the American forces leaving Australia, Australia found itself with an oversupply of circulating currency and consequently had no significant need for more circulating coins. This was especially true for pennies, with well over 100 million pennies being struck in preceding wartime years.
With Australian forces occupying Japan, a large percentage of 1946 pennies were sent to Australian troops stationed in Japan further increasing their rarity making the 1946 penny one of the last gaps to fill in any penny collector's set.
Conservative Grade: Fine condition coin, this is my opinion only, please take the time to view the images.
1946 Australian rare penny I am not a professional coin collector I have taken a few photos to clearly show you the condition
1946 Australian rare penny, as I am not a professional coin collector I have taken a few photos to clearly show you the condition.
