1956 Melbourne Penny PCGS MS65RB
In October 2014, a 1956 Melbourne Penny graded PCGS MS64+RD sold for $1,500. The coin photographed above, graded MS65RB, is numerically half a point lower in grade but only a fifth of the price. If you’re looking for a high-grade 1956-M penny but don’t want to spend four figures on it, this is your coin. Equal-finest red-brown example graded by PCGS (5/16). 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). In October 2014, a 1956 Melbourne Penny graded PCGS MS64+RD sold for $1,500. The coin photographed above, graded MS65RB, is numerically half a point lower in grade but only a fifth of the price. If you’re looking for a high-grade 1956-M penny but don’t want to spend four figures on it, this is your coin. Equal-finest red-brown example graded by PCGS (5/16).