1955 Perth Proof Penny - PCGS PR63RD

Australia, 1955 Perth Proof Penny -

A fantastic example of this rare post-55 proof. This example has full red, which is unusual for this type, and would easily rate as “FDC” under the Australian grading system. Untoned, unmarked, and pristine, this piece is one of the nicest specimens I’ve seen on the market in a number of years. The 1955 Perth proof penny appears on the market regularly, but most do not approach this example in terms of quality and eye appeal. Valuations for the type rise exponentially with the grade, with low grade “dogs” selling for around $4,000, finger-printed or toned examples retailing around $6,000, and attractively toned pieces selling for around $8,000. Absolutely pristine examples (of which I have only seen two or three), regularly retail for over $12,500, with a near-perfect 1956-P (a comparable coin) recently advertised for $16,000 through a Melbourne dealer; that coin has since sold. To top it off, the 1955 Perth proof penny has a low mintage of only 301 pieces, and is thus very scarce in any grade. On the whole, this exclusive piece would make a great addition to a type set or proof collection.