How much is an Australian 1918 penny worth in Aussie Dollars?

Answer 1

Coins of low value like that are not generally very valuable even when old. If it is in very good condition it might be worth a few dollars. Do not scrub or polish it. There is a coin collecting site linked to the Australian Mint, you might find something on there.

http://mintissue.ramint.gov.au/mintissue/INFO_dealers.asp

Answer 2

This is my take on it: The value of money is always relative; nobody knows the "real" value of money. Australia held a lot of government holdings in US Dollars. Let's say Australia had X amount of US dollars. Now, let's say the US dollar just went down 10% in value. So, the part of the Australian assets that are in US Dollars just lost 10% percent of their value. But then the Australian currency is based on the Australian government's asset holdings, so the Australian currency goes down in value also. A little more on the financial crisis (my 2 cents worth): Let's say the US had 10 trillion USD in holdings (for example only). The amount of money they printed was 20 trillion USD, far in excess of this because the USD was the "de facto" standard, and since the US and other Western economists are so smart that even their hats have PhDs, everyone just blindly followed the USD. Let's say other countries held 12 trillion USD. Now, the US suddenly finds that a lot of money it had was not actually there, i.e., there was no asset or the asset was a waste as it did not generate any cash flow. So suddenly, everyone who thought they had a dollar find that they have only 50 cents. Because the 50 cents were lost. Lost? Where, you may ask? It was not lost, but sold twice over. But what did they buy? They bought all those supplies in Home Depot to build all those houses that were lent out with bad loans. And everyone had jobs, And life was good. But those are all dead assets now. The dollar is still only a dollar, but you just have a lot of very expensive monopoly money! The US government is bailing out the banks while screwing with the common wo/man, for it is public funds that are helping the bailout. The mortgage rates have suddenly shot up far beyond the ability of most people to pay. The whole problem started with the banks giving loans to people without the resources to pay the mortgage, so many people got ARMs (adjustable-rate mortgages) that had a caveat: after 5 years of low-interest rates, the interest rate goes up to the market rate. Currently, people who bought houses in 2003 have to either pay the skyrocketing mortgage rate or foreclose on their houses. The government is buying out these bad loans by buying out Fannie Mae, Freddie Mac and AIG (as AIG lent all that money to Fannie and Freddie), for otherwise, the collapse of the banks will shatter the entire USD-vested economies, and not just in the US. Apparently, it is cheaper to throw money at these banks now than to rebuilt the entire infrastructure the economy is teetering on.

Answer 3

Hi , don't know the value of the 1918 penny
but I do know it will be worth a fair price.
The 1930 penny is the coin that has a high price on its head because it was minted during the war and only 3.000 coins ( Approx) were minted.
Hope this helps Waltz.

Answer 4

Not much, depending on the quality, for one of these coins that was made in Calcutta. 1.2 million minted. I saw a full set of coins for this year for $35.

Answer 5

there is little value in a 1918 penny.
the 1930 one ,mentoined above,is valueable but I would be interested to know in what war it was minted.

Answer 6

I suggest talking to a coin dealership - you won't get any 'real honest' answers here by the looks of things . . .

:-)

Answer 7

depends on it;s condition but about 20c if well used

ps --waltzsingmatilda2 is a fool there was NO war in 1930

Answer 8

its worth one penny