Australia 1940 (M) 'K.G' (With Low Dot)

Mint:	Melbourne	Mintage:	Part 1,494,300 Estimate 50,000	Milling:	Plain
Weight:	9.45 grams	Diameter:	30.8 mm	Composition:	97% Copper, 2.5% Zinc, 0.5% Tin

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Obverse 3 - English

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Reverse D - London

Designer:	Thomas Hugh Paget (Initials 'HP' raised below truncation)
Design:	Left facing profile of George VI
Legend:	GEORGIVS VI D : G : BR : OMN : REX F : D : IND : IMP .
Denticle Count:	156 teeth
Mint mark:	None
Characteristics:	Upstroke on 'N' of 'OMN' aligns with denticle

Designer:	George Edward Kruger-Gray (Initials 'K.G' raised above tail)
Design:	* Kangaroo facing left
Legend:	AUSTRALIA PENNY
Denticle Count:	81 thick & 81 thin teeth
Mint mark:	'K.G' (Low Dot between Designer's Initials)
Characteristics:	Downstroke on 'P' of 'PENNY' aligns with thick denticle Downstroke on first 'N' of 'PENNY' aligns with thin denticle Downstroke on 'Y' of 'PENNY' aligns with thin denticle Upstrokes on 'U' of 'AUSTRALIA' align with thick denticles

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Value

BM Ad NP	8 Good VG10	10 VG F12	12 about F F15	15 Fine VF20	20 good F VF25	25 about VF VF30	30 Very Fine VF35	35 good VF EF40	40 about EF EF45	45 Ext Fine AU50	50 good EF AU53	53 about Unc AU55	58+ virt Unc AU58	58-60 Uncirc MS60	58-61 Uncirc MS61	58-62 Uncirc MS62	63-64 Choice Unc MS63	64-65 near Gem MS64	65-66 Gem MS65	66-67 Gem MS66	67-68 Gem MS67	68 near Flaw MS68	69 virt Flaw MS69	70 Flawless MS70	Proof
B	$3 + NGC PCGS	$5 + NGC PCGS	$10 + NGC PCGS	$20 + NGC PCGS	$30 + NGC PCGS	$40 + NGC PCGS	$50 + NGC PCGS	$75 + NGC PCGS	$100 + NGC PCGS	$125 + NGC PCGS	$150 + NGC PCGS	$200 + NGC PCGS	$400 + NGC PCGS	$700 + NGC PCGS	$1000 + NGC PCGS	$1250 + NGC PCGS	$2250 + NGC 1 PCGS	$4500 + NGC PCGS	$7500 + NGC PCGS	$12500 + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	N
RB	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	$175 + NGC PCGS	$250 + NGC PCGS	$500 + NGC PCGS	$800 + NGC PCGS	$1250 + NGC PCGS	$1500 + NGC PCGS	$2500 + NGC PCGS	$5000 + NGC PCGS	$8000 + NGC PCGS	$13500 + NGC PCGS	$22500 + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	N
R	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	" + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	- + NGC PCGS	N

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Benchmark

Adjectival

NGC/PCGS

Collectable grades

Does not exist by definition

Investment grades

Unlikely to exist

Aspirational grades

Bullion or metal value

Not known in these grades

Value as above

Proof

Y (Yes)
N (Not known)

Last updated February 2023

Notes:

The onset of World War II caused great strain on coin production at the Melbourne Mint. In 1940, the Perth Mint was asked to produce £8,000 of pennies and £4,000 of halfpennies. Melbourne marked the dies sent to Perth with a small dot, which is found between the initials of Kruger Gray, the designer of the reverse die i.e. 'K.G'. The placement of the dot is generally consistent for this issue but a variety does exist with a dot placed well below the 'K.G' initials. This is more than likely a Melbourne-minted coin struck when that Mint was experimenting with the placement of the mint mark. Although it has long been dismissed as "not a real K.G Penny" by some numismatists it does appear to be a mint-generated variety and as such should be included in any catalogue of Australian coins. It is probably the product of one reverse die, which would give it a mintage of perhaps 50,000 coins, therefore being much rarer than the actual Perth-struck 'K.G' Penny.