There are only two known examples of this error coin, making it extremely rare. Essentially, no 50c Coat of Arms coins should have been struck in 1988.īut, an accidental mismatch between obverse and reverse dies resulted in a few commemorative coins being minted with a coat of arms on the reverse. The commemorative 50c coin, meant to be issued for one year only, replaced the standard 50c that featured a Coat of Arms. That year, the Treasury requested that the Mints strike a 50c coin to commemorate the 200 th anniversary of the British Settlement. The 1988 fifty-cent-proof silver Coat of Arms is a rare decimal currency. 1988 Fifty Cents Coat of Arms Error Proof ![]() The most expensive example, graded Very Fine, sold for a whopping $42,500 at a 2018 auction, while one of the proofs fetched $1.5 million in 2019, making it the most valuable Australian coin. According to the Melbourne Mint, the only official record is that of six proof pennies struck in 1930, and obviously, these were not meant for circulation.ĭue to the low mintage and rarity and the mystery shrouding this coin, collectors have always been hot about the 1930 penny and have consistently been willing to pay a fortune for these coins.Įven in low-grade circulated condition, 1930 pennies can be worth hundreds of thousands of dollars. ![]() Industry experts estimate that about 1,500 1930 pennies were minted and released into circulation. The coin is believed to have been accidentally struck in 1930 at the peak of a biting economic Depression.Īccording to the Melbourne Mint, where the coins were struck, there had been no official request by the Treasury to mint pennies in 1930 the Depression had obliterated the need for these low-value coins. The 1930 Proof Penny is popularly known as the King of Coins in Australia’s numismatic circles. Most Valuable Australian Coins Worth Money 1. Now, let’s dive in and look at the most valuable Australian coins today. In 1911, the Australian Government issued the country’s first half penny and penny. The 1909 Coinage Act paved the way for uniquely Australian coins, with the shilling, florin, threepence and sixpence issued by 1910. The Commonwealth of Australia was established in 1901, and the independent Government now had full authority to introduce its own distinctively Australian coins. The success of the Sidney Mint led to the opening of other facilities in Perth and Melbourne. Three years later, in 1855, the British Royal Mint opened a minting facility in Sidney where the first coins bearing the word ”Australia” were struck. But this coin was technically outlawed since it was created without Britain’s approval. It was struck using Australian gold and bore a uniquely Australian design. The first gold coin in Australia was introduced in 1852, also in response to the currency shortages plaguing the colonies. Under Governor Macquarie, about 40,000 Spanish dollars were imported and redesigned by creating a hole in the middle of what would be five shilling coins and counter-stamping what would be the colony’s 15 pence. The cartwheel coins were not enough to fulfill the colony’s demand for coins. It was struck in Birmingham in 1797 and exported to New South Wales in 1800 to address the growing demand for small change. The first official coin of New South Wales was known as the cartwheel. There was no agreement on the value of these foreign coins, and this prompted Governor Gidley King to issue a Currency Proclamation in 1800 to establish a standard value for each coin based on the British pence, shilling and pound. Over the years, as visitors, soldiers, and settlers trickled into Sidney Town, they brought with them crude coins from all over the world, including Spanish reals, rupees, pagodas, and mohurs from the British East India Company, johannas from Portugal, as well ducats from Holland. Hard liquor, such as rum, was a primary mode of exchange and commerce in these early societies. Unsurprisingly, the locals turned to barter trade to obtain the needed goods and services. When British colonists established their first colony of New South Wales in 1788, they did not see any need for coins or formal currency. Let’s get started! A Brief History of Australian Coins Below is a well-researched list of Australian coins worth money that you should keep an eye out for. In this article, we take the fuss out of figuring out what is the most valuable Australian coin. Of course, like other coins, the value of a given Australian coin will depend on its condition, grade and historical significance. ![]() There are numerous examples of modern yet valuable Australian coins. The upside to collecting rare Aussie coins is that you do not have to look for the most ancient pieces. ![]() Are you interested in collecting Australian coins? You may be pleased to know that there are many valuable and highly sought-after coins from Down Under.
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