Check your currency now! The $1 coin that could be worth $3,000
- Numismatist finds mistake in $1 coin
- This significantly increases their value
Australians have been urged to check their spare change with some $1 coins worth a staggering $3,000.
A sharp-eyed coin expert has revealed that a small mistake made by the Royal Australian Mint when producing a batch of ordinary coins increased their value by 3,000 times.
Perth-based numismatist Joel Kandiah said “this error went unnoticed for a year or two”.
Australians have been urged to check their spare change with some $1 coins worth a staggering $3,000.
A small mistake made by the Royal Australian Mint in producing a batch of ordinary coins increased their value by 3,000 times.
He revealed the flaw on his popular TikTok account, The Money Story.
“A batch of $1 coins dating back to the year 2000 was mistakenly produced using the wrong obverse die (head side) and subsequently entered circulation,” he said.
Thousands of $1 coins could be worth up to $3,000 following the Canberra Mint’s error.
The Mint used the “heads” design intended for 10-cent coins instead of $1 coins.
The difference between a regular $1 coin and a “mule” coin is that the latter has a “pronounced double edge around the obverse of the coin.”
