1950 Perth Proof Penny PCGS PR63BN
All pre-1955 proofs are rare, but VIP (non-commercial) proof coins are perhaps amongst the rarest emissions Australia has produced (after proof gold sovereigns and half sovereigns). VIP pre-1955 proofs were struck in tiny numbers, mostly in single-digits, to a very high standard, and issued to museums and dignitaries. The 1950 proof penny struck by the Perth mint is one of the more “common” issues, with a mintage of just 15 pieces worldwide, according to secondary sources; one of those specimens resides in the Museum of Victoria. The present coin is problem-free and original, with a few copper spots in the fields accounting for the grade. It was offered ungraded by a Melbourne coin dealer for $17,900, while the Renniks catalogue value is $40,000 in FDC condition. Practically, at our list price, the coin is an affordable entry into the pre-1955 proof coin series, so if you’re a serious collector seeking to add a key Australian rarity to your Commonwealth coin set, this is your coin. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale).