N.S. Pennies
p. 41 · Read in the full issue
A LTHOUGH it has been stated that New Guinea pennies are being sought after by collectors, dealers say that the demand is only fair, chiefly because the coin does not bear the head of ex-king Edward VIII., and they are offering only 3d to sellers. This seems an unfair price as they are retailing them to the public at 1/3 each. However, 200 per cent profit is not bad business for those people who brought large quantities of the pennies South, and many have sold at this price rather than go to the trouble of carrying tße coins about with them while await ing a better price or marketing them privately.