Before giving it away, a coin expert urged individuals to pay more attention to their spare change, revealing some rare 5c, 20c and $1 coins could get you a whopping $20,000.
A $1 coin was recently put up for sale at $4000, with similar coins among the most sought after by collectors around the world, defined by small minting errors and regarded as a ‘mule’.
“We don’t know how many are (in circulation), but they originally started showing up in Perth,” coin expert David Jobson told The Morning Show today.
“Somebody’s missed it at The Mint, and people have gotten lucky.”
Mr. Jobson said the value of the coin depends on its quality-a very high-quality coin might go for $4000 or $5000, whereas you will get only around $300 or $400 for the low quality ones.
A five-cent coin is part of his personal set, where both sides are heads, which he called a “striking error.”
“In 2007, they accidentally produced a five-cent piece that had the Queen’s head on both sides. So it’s quite a striking error, and they’re a lot easier to notice in your change,” he explained.
“Value-wise, it starts off at about $1000, depending on the quality – and it goes up to about $4000 for really nice ones.”
“In 1981, The Royal Mint in London produced our 20-cent pieces,” Mr Jobson said.
“They also produced the Hong Kong $2 coins. So somebody accidentally mixed the $2 scalloped-edge coin with our 20-cent dies, and they produced that coin.
“It’s very valuable. There are less than 10 that are known to exist, and they value anywhere between $15,000 and $20,000.”