It’s the ambition of every Australian coin nipper to discover that one coin that justifies all the effort and soiled hands. The average person searches for a variety of objects on eBay, including coins. One of the most frequently sought-after denominations is the humble dollar bill. So, as a committed coin hunter, what should you know about Australian Dollar Coins? This post will go through the top four Australian dollar coins because they are worth money.
Mules are coins that result from die pairs that were not designed to be used together. There are at least three mules in the Australian dollar coin series that are worth a lot of money. The legendary Year 2000 $1/10c Mule, if found in your change today (March 2021), would be worth a few hundred dollars. The other two mules to look out for are the extremely rare 2014 and 2015 ANZAC $1 / 10c mules. Both of these were accidentally struck with ten-cent head dies, just a few of each have been discovered, and they may be worth thousands of dollars if you’re lucky enough to come across one.
2. 1992 Mob of Roos Dollar Coin
The 1992 Mob of Roos dollar coin is a legend in its own right. For years, the Royal Australian Mint’s website claimed that many thousands were produced but that none were or they were all destroyed. We’ve only heard of two or three others being sold, and those valued at hundreds of dollars apiece. So, what does this tale illustrate? If you’re examining dollar coins and notice one with a date of 1992 on it, check the reverse side to see whether you have a valuable coin!
3. Dollar Coins Struck on Wrong Planchets
Coins are struck on metal discs known as blanks or planchets, which is why there’s a lot of confusion. Coins are certainly best served if they’re produced on the CORRECT blanks or planchets, right? Wrong planchet errors, on the other hand, happen all too frequently and can be costly. In the dollar coin series, there have been several examples of this happening, resulting in significant losses for collectors and investors. The 1984 Dollar struck on a Ten Cent planchet, and the 2009 Australian Mob of Roos Dollar Struck on Bi-Metal Planchet are two key instances to look for.
4. 2001 Centenary of Federation Upset Dollar Coins
Make sure that each and every 2001 Centenary of Federation $1 coin is straightened out by inspecting it! During the minting process, one obverse (heads) die became dislodged from one pair of dies, causing a number (many thousands) to be struck with the head/tail’s dies incorrectly oriented. These are known as “upset coins.” These mistakes aren’t particularly pricey, but if you come across one, it’ll probably save you money at your local bar. Certainly worth keeping for its own sake!