1931 Dropped "1" Penny with Indian obverse

The 1931 low “1” penny with the Indian obverse is a classic Australian rarity. While it is not as famous as the 1930 penny, it is much rarer, especially in grade. The coin photographed here has a practically full centre diamond, six clear pearls and an overall pleasing appearance, and is one of the nicest dropped “1” or low “1” 1931 Indian die pennies we’ve handled. If you already own a 1930 penny and would like to add another rare penny to your collection (one whose history is intimately intertwined with the 1930 penny’s), this is your coin.