A rare 1930s Australian penny has been sold for nearly $60,000 (US$39,000).
Featuring a partial diamond and six pearls on King George V’s crown, the penny is the lowest mintage pre-decimal Australian coin in existence.
The coin was sold at a national online auction on Sunday night for $59,415 to a Western Australian bidder who wants to pass it on to his grandchildren, breaking an Australian record.
“This penny has not only broken a record at Lloyds Auctions, but we believe it has broken an Australian auction record based on its grade, selling for $60,000,” said Lee Hames, Chief Operations Officer for Lloyds Auctions….