A coin collector revealed how to spot coins in your pocket that could be worth a lot of money – including this very special 5c coin
The Royal Australian Mint has launched a new $ 1 coin designed to be donated as part of a first global program where millions of dollars will be put into circulation
Brad Sanders became a coin collector after discovering a rare coin in his possession, and he shared some tips and tricks for others to get rich as well
The Adelaide man’s penchant for collecting coins began after he couldn’t find a 5c coin from 1972
« I couldn’t believe it so I started doing my research and found out, » he told 7 News
After doing some research, he discovered that very few coins had been minted that year, making them very valuable coins.
The Royal Australian Mint website reveals that in 1972 only 83 million coins were created For comparison, 488 million were printed the following year
M Sanders found a 1972 5c coin and it sold for $ 200, more than all of his other 5c coins combined
He and his partner Cristy have now become avid coin collectors, buying, sorting and selling thousands of coins each year
In addition to monitoring the 1972 coins, M Sanders also said he was watching the 2013 $ 2 coin commemorating the 60th anniversary of Queen Elizabeth II’s coronation
Another special coin is the 2012 $ 2 Remembrance Day coin, which has sold for $ 200 in the past
He says it is also worth checking for anomalies such as stamping errors like double rims or backwards queens
Earlier this year, a $ 1 coin made the news after it was listed on a coin collecting site for $ 4,000, due to a typo
This $ 1 coin is on sale for an exorbitant price at a coin collection siteSource: News Corp Australia
Coin expert David Jobson told The Morning Show last month that it only takes one mistake at the Mint to make you « lucky »
M Jobson said that the coin’s value depends on its quality – a very high quality coin could cost $ 4,000 or $ 5,000, while a poor quality coin is only worth around $ 300 or $ 400. p>
He also recently sold a 20-cent coin with scalloped edges – caused by a printing error with a Hong Kong coin – worth a staggering $ 20,000
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Coin, Australian five-cent coin, Royal Australian Mint
News from around the world – AU – The five-cent coin that could be worth hundreds
SOURCE: https://www.w24news.com
