Australian penney

[Magnum]

I found these in my coin collection and am looking for some history on it.

Like if it's brass or copper ?

The German pfennig looks like it has just a coating with a steel center while the Aussie penney looks solid.

[MichaelW]

The faces look like bronze or perhaps red brass (~95% Cu) to me.

[Magnum]

I am surprised at what I found.

The coin must have cost way more to make than the face value.

http://en.wikipedia.org/wiki/Coins_of_the_Australian_pound

1946    50% silver, 40% copper, 5% zinc, and 5% nickel

I am looking to sell them.

The metal value may be more than the collector value.

I recall selling some old Silver Dollars for $21 each in the late 70s.

Andy

[dedndave]

coins from the 40's should be good for a little numismatic value   :P

judging from the pic, i would rate that coin at "very good" condition
in mint condition, it might get $75

[Magnum]

Thanks dave,

$50 would be fine for me.

Andy

[dedndave]

eh - it may be "good" to "very good"
it may not get $50, but it might go for 10 to 20 - just a guess

[Magnum]

Coin and stamp dealers are like sharks.

But I know that that they stopped making those stamps/coins many years ago.

I have learned to be patient.

Andy

[dedndave]

yah - i always avoided them - at least, in their own shop
if you get them at a coin show, you can sometimes make a good deal

in the shop, they always have top dollar marked on the ones they are selling
and always pay bottom dollar for the ones you are selling

at that point, you have to get into speculation of future value,
which kind of takes all the fun out of it for the hobby-level collector
the dealers have a big advantage because it's their business to know what the trends are

the advent of the internet doesn't seem to help, much
eBay, amazon - you'd think you could get some good exchanges
but, many of those that buy and sell on there are dealers

[Magnum]

I have found that patience is what is needed to get a fair deal.

I know what something is worth in general, so I won't take a ridiculous offer.

I wanted to sell some stamps, but the offer was too low.

I still have the stamps, but they have gone up in value.

Those guys are like pawn shops owners.

But, I have gotten some good deals there. :-)

They crack me up.

Look that up Gunther. :-)

Andy

Hutch,
           Do you have pawn shops in your neck of the woods ?