Are your old coins worth big bucks?

Are you coins worth a pretty penny?With Australia’s cash usage rapidly decreasing in day-to-day life, it might worth looking again atthose loose coins in the car,orin yourcoin jar as there ae a decent amount of Australian coins thatarecurrently in circulation which are worth more than face value.What determines a coin’s worth in the numismatic (the fancy term for coin collecting) market willdepend on how many coins were minted, the condition of the coin and whether the coin has adefect, known as an ‘error’. Along with market demand for a specific coin, these are the factors thatcan drive up the value. Here are four coins that you should look out for:2012 $2 Coloured Remembrance CoinCommonly known as the ‘Red Poppy’, this is Australia’s first coloured coin that was released intocirculation. Made to commemorate Remembrance Day, these coins were initially distributedthrough RSLs as a fundraiserbut as many were left unsold, the rest were dumped into circulation.The popularity of coloured $2 coins rising in recent years, this coin can fetch you between $100 and$290, depending on condition.

1966 20c Wavy BaselineWhen Australia moved into decimal currency in 1966, millions of 20c coins were minted inpreparation. It was founddown the track that there were two varieties of 20c: one being the regularand other being the wavy baseline. If you find a 1966 20c coin, turn it to the tails side and have alook at the base of the number ‘2’. If the top of the base is curved rather than flat, you’re looking ata minimum of $300!2000 $1/10c MuleSometimes the Mint can make errors, and this is one of them! In 2000, a small proportion of $1 coinswere minted with a regular tails side however the heads side was minted with a10c die. What thatmeans is the Queen’s head is slightly smaller and a double-rim effect is created on the heads side.This error is one of the most sought after and can fetch you at least $400.