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A kind of special George V Penny

1918 KN (Kings Norton Metal Works) raw, but surely looks uncirculated and with a decent strike for the issue. Due to the pressing needs for small change the ROyal Mint was unable to keep up and subcontracted to both the Heaton Mint and KN for production of pennies in 1918 and 1919. The mintage on these, while low compared to the regular Royal Mint mintages, is not really low in absolute terms. Approximately 3.5 million for the combined 1918 H and KN mints. A normal year from the Royal Mint saw an average of around 60-70 million issued. Catalog values range from around $2 in Fine, to well over $1000 in Unc., easily found in circulated condition but almost impossible in uncirculated. The only tougher pieces in circulation strike Geo. V pennies are the 1919 KN, the 1926 Modified Effigy and 1922 rev. of 1927. It's the first uncirculated Geo. V KN mint penny I have had, so it's kind fo special to me.

No, I did not get this for a bargain price but I like the look a lot, it has quite a bit of the normal ghosting but does seem very well struck. This will sit on my desk until one of the TPG's get their act together and decide to start grading world coins with some sort of reasonable turnaround time.


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Comments

  • coinkatcoinkat Posts: 23,850 ✭✭✭✭✭
    terrific looking coin- congrats

    Experience the World through Numismatics...it's more than you can imagine.

  • 7Jaguars7Jaguars Posts: 7,750 ✭✭✭✭✭
    Would hope this coin would get a better grade for it than that 1951 mattte proof half crown!
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • Nice Geo V penny... especially for a KN...
  • SYRACUSIANSYRACUSIAN Posts: 6,473 ✭✭✭✭
    Wonderful KN example, if it were mine, I would have submitted it already.image



    << <i>

    No, I did not get this for a bargain price but I like the look a lot, it has quite a bit of the normal ghosting but does seem very well struck. This will sit on my desk until one of the TPG's get their act together and decide to start grading world coins with some sort of reasonable turnaround time. >>




    I don't understand this JCM, you've mentioned it in weresteve's thread too. This coin, cannot go under the Economy tier normally, if we assume that its value is even half of its unc catalogue value. I don't know how many other coins that you want to submit should go under Regular Tier instead of Economy, where the turnaround is much quicker, but leaving the coins sitting on your desk, isn't this additional time rather than submitting them now?

    Also, is it wise to choose a TPG according to how quick its turnaround times are? After all, turnaround affects mostly dealers who want to move their inventory quickly, which is why most of them choose regular or even more expensive tiers, not collectors, am I wrong?


    Dimitri



    myEbay



    DPOTD 3
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    My understanding was regular tier was moving almost as slowly as economy. Actually I'm not one to worry about which plastic it goes in, it's all about the coin, although the great majority of mine are in the oher guys slabs, they have just been doing world coins a lot longer and often I'll have a medal or two in a submission which means it has to go there.

    Yes, I keep mentioning it in a lot of threads, I am really annoyed by the months of waiting to get something graded. I am hopeful that one day someone that matters will read of them and say maybe we should go hire a world grader of two and get our turn around times down to a couple of weeks.
  • 7Jaguars7Jaguars Posts: 7,750 ✭✭✭✭✭
    Hi Jeff,
    yes, the wait is interminable - my last at PC was over THREE MONTHS! And I quite disagreed on grounds I believe I can back up on some of the grading at that; in fact, gonna resubmit at least one or two.

    As far as this coin, nice brown with trace of red, it looks.

    I like the following: fairly strong strike (although I have found these to be of two populations - soft and relatively strong as this specimen; these are not as poorly struck as the mostly miserable "H" brothers)

    King without abrasions or wear from photo on cheek, ear or neck
    Don't see "hidden" hair marks.

    Britannia without knee, shoulder or breast contact or weakness. Hand action on trident looks absent (ie good)

    From photo grade to me would proly be 64BN, and would be happy with it.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • coinkatcoinkat Posts: 23,850 ✭✭✭✭✭
    64 seems reasonable- I would submit that one too

    Experience the World through Numismatics...it's more than you can imagine.

  • wybritwybrit Posts: 6,988 ✭✭✭
    Nice find, JCM. I never came across one that good in my days of penny searching.
    Former owner, Cambridge Gate collection.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Thanks guys, it will definatly go in, just not for a while. I'll wait and see how submission times are looking after the first of the year.
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