Large Great Britain One Penny Coin From 1937 To 1952 FREE SHIPPING

Description: You will receive ONE average circulation King George VI Penny from 1947 - 1952. Picked at RANDOM, however, if you have a particular date in mind, I can try to accommodate you. These pennies are LARGE; much larger than your standard Lincoln cent. These are fun to collect and hold in your hand. Free shipping and comes mailed securely in an envelope. Thank you for your business and have a blessed day. *Photos above are of the actual coins in my collection you may be receiving. Condition of coins will vary. Additional information about the coin: King George VI's new coins were made current by a proclamation dated 18 March 1937, which went into force immediately. Although the customary Britannia motif was retained for the penny, the halfpenny and farthing were given their own designs. George's pennies (1937–1952) have a left-facing bust of him, also by Paget, with the inscription (to 1948) GEORGIVS VI D G BR OMN REX F D IND IMP, and (from 1949) GEORGIVS VI D G BR OMN REX FIDEI DEF, removing the Latin abbreviation for "Emperor of India" after that nation had gained independence. Pennies were produced for circulation dated 1937–1940, and 1944–1951, although when necessary pennies were produced for the colonies in 1941–1943 using the 1940 dies. These went principally to Gibraltar and the British West Indies. Although the 2000 edition of the Coincraft catalogue of British coins says the wartime pause was due to a surplus of pennies, numismatist Kerry Rodgers, in his 2016 article on the currency emergency in Fiji during the Second World War, cited a colonial legislative record to the effect that it was to conserve copper for munitions. Beginning with the 1942 production of 1940-dated pennies, the composition was altered, as tin was a critical war material, rare because most of it came from Malaya, so pennies from then until later in 1945 are 97 percent copper, 0.5 percent tin, and 2.5 percent zinc. Such coins tarnish to a colour different than the prewar coins, and they were treated with sodium thiosulphate to give them a darker tone. That substance, dubbed "hypo", had been used to darken all 1934 pennies before issue and most of the 1935 mintage, "Hypo" would be used again in 1946, discolouring the coins to discourage the hoarding of new pennies. Although the prewar alloy was restored in 1945, the Mint reversed itself in 1959, made pennies out of that wartime composition for the remainder of the coin's pre-decimal history without chemical treatment, and continued its use for the new decimal bronze pieces. By the late 1940s, demand for pennies was falling in Britain, likely due to the popularity of the lighter, more convenient, brass threepence coin, which weighed less than a quarter of the same value in bronze coins. The immediate aftermath of the war had seen a strong demand for pennies until January 1949, when it dropped off and, in May of that year, the Royal Mint stopped the coin's production. Officials concluded that the fall in demand was permanent due to inflation; its purchasing power was minimal, and many automatic machines no longer took it. The Royal Mint redeemed surplus coppers from the banks for melting beginning in 1951, and by the end of the decade, some £1.2 million worth had been removed from circulation. The 1950 and 1951 circulation pennies were produced only for the colonies as none were needed in Britain. During 1956, the entire 1950 mintage (still held in stock in Britain) and three-quarters of the 1951 production were sent to Bermuda. Both mintages were low compared with earlier George VI pennies, and London dealers descended on the islands, offering a pound a coin. Collecting coins by date (especially the penny) became popular in the early 1960s; after many bold claims about the investment potential of the 1951 penny were made, the coin acquired something of a cult status. One 1952 penny believed to be unique was struck by the Royal Mint.

Price: 2.5 USD

Location: Waterloo, Iowa

End Time: 2024-08-26T21:24:03.000Z

Shipping Cost: 0 USD