Check your chump change now! The $1 coin that could be worth $3,000
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Australians have been urged to check their loose change with certain $1 coins worth a staggering $3,000
A sharp-eyed coin expert has revealed that a tiny error made by the Royal Australian Mint in the production of a batch of common coins has increased their value by 3000 times.
Perth-based numismatist Joel Kandiah said ‘astonishingly this error went unnoticed for a year or two.’
Australians have been urged to check their loose change with certain $1 coins worth a staggering $3,000
A tiny error made by the Royal Australian Mint in the production of a batch of common coins has increased their value by 3000 times
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He revealed the flaw on his popular thehistoryofmoney TikTok account.
‘A batch of $1 dollar coins from the year 2000 had been mistakenly produced using the incorrect obverse die (the heads side) and subsequently entered circulation,’ he said.
As a result of the mistake made by the Canberra mint thousands of $1 coins could be worth a small fortune.
‘If you happen to discover one of these rare mules in your change, they can be valued between $300 and $3,000, depending on their condition,’ Mr Kandiah said.
The mint used the ‘heads’ template meant for 10c coins instead of for $1 coins.
‘The different between a regular $1 and the ‘mule’ coins is that the latter has a ‘pronounced double rim around the obverse of the coin’,’ Mr Kandiah said.
Given the 1.4-millimetre difference in diameter between the 10 cent and $1 coin, the mistake led to the creation of the ‘legendary 2000 $1 ‘mule’ coin’.
