1956 Melbourne Penny

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).