Do you have $4,000 in your pocket? Rare Australian $1 coin worth THOUSANDS due to a simple mistake
- Minor flaws on common coins escalate in value, making them highly sought after
- An expert has urged Australians to check their wallets for the coins
- The Australian $1/10 mule coin is worth thousands more than face value
Australians are urged to check their loose change, as just one coin can bring them thousands of dollars.
Minor coin errors on common coins are highly sought after by collectors, but many go unnoticed because people rarely check for them.
Joel Kandiah, a coinage expert, shared his tips and tricks for identifying the rare features on the coins, which could make them worth thousands.
“Always check your change, because you can find the rarest coins.”
Those include a rare Australian one dollar coin known as a “mule,” which is selling at auction for more than $4,000.
Created in 2000, the $1/10c mule coin is worth much more than face value, with some selling for over $2,700 on eBay according to coin collectors.
The coin must bear the date 2000 and is thicker than normal with a double edge on the Queen’s side of the coin due to an exchange at the Royal Australian Mint in Canberra.
Created in 2000, the Australian $1/10c mule coin (pictured) is worth much more than face value, selling for over $2,700 on eBay according to coin collectors.
Another set of 20 cent coins, minted in 1966, is highly sought after by collectors because the numeral 2 has a wavy baseline.
In regular 20c pieces, the number two has a straight baseline.
Coin lover’s Facebook group Detecting Downunder posted a reminder on how to spot the rare coins.
“The way to identify a wavy baseline 20c is that it must have first been struck in 1966,” Detecting Downunder wrote.
Then look at the lower part of the number ‘2’ on the side of the coin with the platypus on it.
“On a normal coin, the top and bottom edges of the baseline are straight, while on a wavy baseline coin, the top edge has a distinctive wave.”
A 1966 minting error produced a rare 20c coin, resulting in a ‘wavy baseline’ on the ‘2’ of the coin, sending its value skyrocketing to $2,000
Meanwhile, a bidding war has broken out over last year’s $2 commemorative coins honoring Australian firefighters, as some have the orange flame design on the wrong side.
The coin features two firefighters standing back to back, with a vibrantly colored flame atop the center of the design.
But a handful of the $2 coins have the fire design on the wrong side, obscuring the queen’s head.
“There are very few of them… so depending on quality they could be worth around $6,000,” said Sydney coin expert David Jobson of Town Hall Collectables.
He urged Australians to keep a close eye on the details of all their coins, as they could become very valuable.
A $2 coin commemorating Australia’s firefighters can fetch up to $6,000 after a very rare version of this coin printed the red flame on the wrong side