Australians should check their spare change for coins that have increased in value significantly, including a $2 coin honoring Covid workers that is now more than 50 times its original value.
The gold coin, newly minted in 2022 and stamped with “Australian Frontline Workers” as a tribute to Covid healthcare workers, is now among the fastest growing Australian legal tender coins in value.
It now sells for $135, he reported. 9 news.
Another $2 coin whose value has skyrocketed are those commemorating the 60th anniversary of Queen Elizabeth II’s coronation in 2013.
This coin, which is rarer in circulation, can sell for between $40 and $110; However, an uncirculated coin in mint condition is now for sale at Wynard Coins for $795.
The gold coin was not minted until 2022 and is stamped “Australian Frontline Workers” as a tribute to Covid healthcare workers.
The value is now more than 50 times its face value, approximately $135.
Another $2 coin that has skyrocketed in value are those commemorating the 60th anniversary of Queen Elizabeth II’s coronation in 2013.
However, if you don’t come across a colorful $2 coin referencing workers, anniversaries, or special occasions, you can find value in your daily change if you look closely.
A 1988 50 cent coin is worth a whopping $14,750.
In the nation’s bicentennial year, it was decided that all 50-cent coins would not contain the coat of arms and would instead commemorate the 200th anniversary of the First Fleet.
The coat of arms was not supposed to be used on 50 cent coins in 1988, so this coin was worth $14,750.
However, this coin was one of the few minted with the coat of arms, which increased its value.
Australians should also keep an eye out for a double edged $1 coin.
Minted in 2000, it is estimated that between 6,000 and 7,000 of the coins were mistakenly struck with a 10-cent die, creating a double border that makes these coins worth up to $3,000.
The ‘mule’ coin has a double border around the Queen’s portrait and can fetch a whopping $3,000
A rare 20 cent coin is worth $150, all because it has an error on the edge.
The coin, minted in 1974, was made using a “trimmed plate,” meaning the metal disc used to stamp the coins had an error on the edge. It is known as “bitten edge.”
It can be seen next to the date ‘1974’ on the obverse of the coin.
A rare 1974 20-cent coin has a “bitten edge,” making it worth $150
On the “crosses” side of a $1 coin minted in 1984 there is a small defect that has caused its value to increase to $45.
The letter ‘R’ in the word ‘DOLLAR’ is undefined due to the die breaking, which created a cavity that allowed the R to overflow slightly.
The error in the letter ‘R’ in ‘DOLLAR’ on this $1 coin minted in 1984, the year Australians were introduced to the gold coin, has caused the value to jump to $45.
Coin expert Matthew Thompson of Town Hall Coins and Collectables in Sydney previously told WhatsNew2Day Australia that most people pass on rare coins by accident, so they should look for anything out of place.
‘Mules and errors are rarer and more likely to be found in your change. They have value because generally the Mint does not make mistakes,’ he stated.
But from time to time things can go wrong. If you see mistakes on a coin, if you have something interesting or strange or out of place, chances are other people will find it interesting too.’
However, Thompson warned people not to take advantage of them.
‘People put a random price on a coin on eBay. Thats the big problem. “People try to scam people,” he said.
‘If you really want to start collecting, do your research, get a book or catalogues. Go see a coin specialist.
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