From 1860 up to the present day and for the foreseeable future all lower
denominations like pennies have been minted using bronze instead of copper,
as bronze is a stronger alloy than copper. In 1860 a new type of border was
introduced for the new Victoria "Bun Head" Pennies.
It is referred to as the beaded border penny. In 1860 a toothed border penny
was also produced. Some times novice collectors get the toothed border and
beaded border confused as some toothed borders appear to be like beads in
some parts of the border. You will note from the picture below however that the
beads around a beaded border are fully circular extend all the way round the
border and do not touch the border at any point.
|VICTORIA PENNY BEADED BORDER
|Courtesy of Geoffrey Cope