Rare Australian Coins

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Supplied video obtained Wednesday, June 5, 2019. The Royal Australian Mint has released a three-coin collectable series to celebrate 50 years since the Apollo 11 Moon landing. The world's first dome-shaped coloured nickel plated coin, a domed gold coin and a coloured silver domed coin are part of a collaborative set made with the United States Mint. The coins were launched by the Royal Australian Mint's CEO, Ross MacDiarmid with the support of Operations Scientist at CSIRO's Parkes radio telescope, Mr John Sarkissian; former Parkes radio telescope site electrician and driver, Ben Lam; former Honeysuckle Creek Tracking Station Deputy Station Director, Mike Dinn; and Royal Australian Mint Coin Designer, Adam Ball. "We are honoured to share these unique coloured domed coins, including the magnificent collaborative set with the United States Mint, to mark 50 years since Australia shared the first human perspective of the Moon's surface with the world," Royal Australian Mint CEO Ross MacDiarmid says. (AAP VIDEO/Supplied/Royal Australian Mint)

This fancy little wave in the ‘2’ is rare and makes the coin worth about $2000.Source:Facebook

Check your loose change or that old drawer littered with coins to see if any have imperfections from the Royal Australian Mint that could make them worth thousands.

Collectors go crazy for tiny minting errors that are so subtle most go unnoticed to the untrained eye.

A 5c piece from 2007 that incorrectly had the Queen’s head on both sides of the coin was sold for thousands.

Town Hall Coins and Collectables expert Matthew Thompson told The Daily Mail this mistake was named a “double-obverse”.

“The last one I sold was for $3500,” he said.

“That one was in top-end condition and so was worth thousands. One in really poor condition, you’d still be looking at a few hundred for.”

Mr Thompson said a simple check through the coins could pocket an eagle-eyed enthusiast thousands.

Double-headed 5c pieces from 2007.Source:Facebook

“I’ve done it before if I’ve a bag of coins or change jars. If you just spend a bit of time going through them it can certainly pay off,” he said.

Mistakes also include coins being clipped during the minting process or other errors in the stamping of the coin.

“People don’t expect institutions like the mint to make mistakes,” he said.

Rare Australian Coins 20 Cents

“But from time to time things can go awry. If you see mistakes on a coin, if you have something interesting, odd or out of place, then other people are likely to find it interesting, too — that’s why people collect.”

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Mr Thompson said a $1 piece in 2000 was accidentally stamped with the head from a 10c piece.

If your $1 coin from 2000 has two rings on it, you could be $4000 richer. Picture: eBaySource:Supplied

“It (the head side) is slightly smaller, so it gives a double-ring effect,” he said.

“If you see two rings on your dollar coin, it could be worth a few hundred or up to $4000 in really good condition.”

About 6000 of these were made but that number is unconfirmed.

Are they rabbit ears on a kangaroo?Source:Facebook

A more common mistake is a kangaroo on the $1 coin appearing to have rabbit ears. These coins can be worth about $30.

This fancy little wave in the ‘2’ is rare and makes the coin worth about $2000.Source:Facebook

The Facebook page Detecting Downunder discusses another rare currency that has a slightly curly “2” on the 20 cent piece from 1966. These can fetch up to $2000.

“If you happen to find one of these little beauties, it could be worth big money as these coins are currently selling for between $350 and $800 EACH on eBay, with one at $2000, and they’re only getting more valuable each year,” the Facebook post said.

The faulty coin has a wavy top edge on the base of the number “2”.

The obvious answer to this one is its value. The Proof 1930 Penny is Australia’s million-dollar penny. Nearly everyone knows it. And is proud of the fact.

But there are two other reasons why the Proof 1930 Penny is so famous. It is a ‘penny’. And it has the date ‘1930’ on it, the year '1930' being the key.

Australians just love their pennies. It was the coin that everyone was familiar with. The round copper that you had in your pocket. The coin that, as a child, you might be given to go to the corner shop to buy a MacRobertson’s Freddo Frog.

And the 1930 Penny is the rare one! It was the coin that could bring instant wealth to those lucky to find one in their change.

Australia was socially and economically blitzed in 1930 during the Great Depression. And there was no requirement to produce pennies for circulation.

Rare Australian Coins

But somehow a few pennies were accidentally produced at the Melbourne Mint and released into circulation. The suggested figure a miserly fifteen hundred 1930 Pennies.

The accidental minting of the 1930 Penny was not discovered until the 1940s, dealers responding to the discovery by offering to pay up to 10/- for an example. By 1960 the 1930 Penny had become a national symbol, newspapers instrumental in creating that image with television also playing a role. By 1965, an average used 1930 Penny had more than doubled in price to £120. And by decimal currency changeover, the price had moved to £255 ($510) and the 1930 Penny had captured the imagination of collectors and non-collectors alike.

Rare Australian Coins List

Today a well-used genuine 1930 Penny can be worth upwards of $20,000.