1957 Perth Proof Penny Polished type - PCGS PR62RD

1957 Perth Proof Penny Polished type

PCGS PR62RD

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Australia, 1957 Perth Proof Penny Polished type -

There are two types of 1957-P proof pennies. The Greg McDonald catalogue describes them as the “brilliant” type and “matte” type. The brilliant type, which was struck in 1959, looks a lot like the proof pennies minted from 1959 to 1963. They generally grade highly (PCGS has the brilliant type proofs in grades up to PR68RD) and generally look great (September 2013). The matte type - or “polished” type, as I call it - has less eye appeal and is often more red brown than full red. The fields also exhibit evidence of die polishing marks. Consequently, PCGS tends to downgrade these coins by a point or two, and because their colour is often more brown than red, it’s difficult to achieve a red designation. The coin photographed above is graded PCGS PR62RD, and is one of the better 1957-P matte type pennies I’ve seen. It has no spots, fingerprints, or other imperfections, while its fields show only minor evidence of die polish. It’s certainly one of the better 1957-P matte type proof pennies I’ve seen on the market in some time, and deserving on a premium price.

Grades PCGS PR62RD.

Product ID: 1957(p)27646648-1

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