High priced 1931 drop 1 London Penny?

[autocoupler]

Was checking Edlins auction 199 results from August. Item 524 is described as a 1931 dropped 1 LONDON obverse graded gVF, described as rare in this grade and has a photo attached. The estimate was $1000, and the price realised was $750.....:shock: IMHO the price is way too high for a London obverse in gVF, and if there was an error in the listing, the prise was way too low if it was the Indian dropped 1 in that grade. Another thing to consider is that the photo matched the description:scratch_one-s_head:

[Nightparrot]

Was checking Edlins auction 199 results from August. Item 524 is described as a 1931 dropped 1 LONDON obverse graded gVF, described as rare in this grade and has a photo attached. The estimate was $1000, and the price realised was $750.....:shock: IMHO the price is way too high for a London obverse in gVF, and if there was an error in the listing, the prise was way too low if it was the Indian dropped 1 in that grade. Another thing to consider is that the photo matched the description:scratch_one-s_head:

One graded AU55 by PCGS sold for $900 + BP at Downies auction 317 Lot 1505). Apparently hard to get in higher grades....

[robbiegal]

hum, just had a look at the photo
I have a few in that grade, maybe I should submit them ha ha

you never know what is going to be sought after in one auction , then the next ... no takers but you'd have to expect that (if it was that coin pictured) it was an inexperienced bidder

ps auto - if ever you are after an 'in the hand' opinion, I do sometimes go in to the viewings - lets' hope that we both aren't after the same item ha ha

[autocoupler]

ps auto - if ever you are after an 'in the hand' opinion, I do sometimes go in to the viewings - lets' hope that we both aren't after the same item ha ha

Thanks RG....I think :biggrin:

[robbiegal]

well if i'd eye balled that 1931 1D - i'd have suggested it might be worth about $45- $55 and bidded to $60 absolute max on your behalf

so it might be O.K.

as long as you aren't after the precious and rare 1964 penny or halfpenny, you should be safe ha ha

[autocoupler]

as long as you aren't after the precious and rare 1964 penny or halfpenny, you should be safe ha ha

Speaking of which, I got a ripper 1964M penny off a dealer that was taken from a roll the other week. But I suppose M's are no scarcer than 1931 Londons, and everyone has there own gem :yahoo:

[robbiegal]

enjoy!!
pics would be great
I can never see too many of that year

nope - the 1931 is far scarcer & a GEM 1931 , well,  even I concede that would be just fantastic over a 1964 penny any day (if it were mine mind you)
 
source - MACCA'S DEVINE COIN REFERENCE FIGURES

1931 Penny ------------494,000
1964 Penny M------10,000,000
1964 Penny P------ 54,590,000  (note - there's 1 Melbourne for every 5 or so Perth pennies)
PS Auto
I just checked Edlins unsold listing and that penny was unsold with a buy it now reserve of $750 - unless you have found out since that it has been sold
http://www.edlins.com.au/Unsold_list_internet.pdf

[autocoupler]

Phew RG.....sanity prevails. I misread the unsold sheet to be prices realised. My skill with the pics sure doesn't rate when along side some of you guru snappers. The pic was taken through the saflip so there's reflection and uneven colour. In the hand it is very much the lighter colour, and very even.        

[robbiegal]

no argument from me
you have got yourself a smashing GEM there possum
absolutely beautiful (to moi)

if it's lighter then it might be one of those golden red ones?

[autocoupler]

if it's lighter then it might be one of those golden red ones?

We're right off topic now, but as you pointed out earlier RG, the original subject wasn't 100% correct. Anyhow.....yeah, I saw most of the coins from that roll, and all were the same. I'm not pushing anyone's barrow, but Vic at VP coins had them. There was one which was better than the rest, which he had graded as gem and carried a higher price.

[runway]

Australian 1931 Dropped 1 Indian Obverse Die Penny is one of rarest variety pennies,the London die is different

[Goldseeker]

I shall have to dig my ^^^^one^^^ out and post a picky.

I would like other peoples opinion on it.

[runway]

I shall have to dig my ^^^^one^^^ out and post a picky.

I would like other peoples opinion on it.

I'd love to see it Goldy they are rarer than a 1930 penny

[Basil]

There is a photo/scan of the Obv. on here somewhere,not sure which Thread,there is a unique dot you use to ID them.

[Goldseeker]

I shall have to dig my ^^^^one^^^ out and post a picky.

I would like other peoples opinion on it.

I'd love to see it Goldy they are rarer than a 1930 penny

If I have it here at home, I shall scan and post it this weekend.