1955 Melbourne Penny PCGS MS65RD
During the pre-decimal coin go-go years (2011 – 2016), highest-graded pennies would sell for thousands of dollars. In fact, one 1955 Melbourne penny graded PCGS MS65RD sold for $5,760 at public auction. The market has settled down since then and prices have stabilised, and now collectors can pick up quality pennies in the highest grades for under $1,000. This particular penny is the equal-finest graded by PCGS (3/21). 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).