A Perth coin collector couldn’t believe his luck when he received an “extremely rare” $2 coin at the servo and said this was another reason people should keep using cash.

The 2013 coronation $2 coin, which features purple stripes and a crown, only had a mintage of around 995,000, making it a rare find for collectors.

Joel Kandiah, a coin expert who goes by @thehistoryofmoney on TikTok, found the coin in his change and said, “Nothing could beat the feeling”.

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“I bought a couple of things from the servo and I used cash to pay the bill. When I got my change back I could not believe what was in front of me,” Kandiah said.

“With a mintage of just below 1 million, these coins are extremely rare and it can fetch you between $40 and $110 each depending on the condition.”

The 2013 coronation coin was minted to commemorate the 60th anniversary of Queen Elizabeth II’s coronation. The design features St Edward’s crown, surrounded by purple concentric stripes.

Kandiah encouraged other coin collectors to keep using cash as a way of finding rare coins, rather than buying them from sellers at higher prices.

Aussies have halved their use of cash payments, which have dropped from 27 per cent to 13 per cent in the past three years. The move towards a cashless society has prompted some campaigners to call for legislation to protect Australia’s physical currency.

Other rare $2 coins to keep an eye out for include the 2012 coloured red poppy coin, which has a mintage of just 500,000 and can be worth up to $280.

Aussie finds round 50-cent coin

Kandiah isn’t the only Aussie who has been lucky enough to find a rare coin in their change recently.

Another Aussie shared their “pleasant surprise” at finding a round 50-cent coin, which they initially confused for a 20-cent piece.

The coins were first introduced in 1966 and were made from 80 per cent silver and 20 per cent copper. However, as the price of silver rose above the face value of the coin, the Royal Mint stopped striking them.

About 14 million of them were put into circulation and it’s unclear how many of them are still circulating today. But if you’re lucky enough to find one, they can fetch about $15 due to their silver value – or 30 times their face value.

Extracted in full from: https://au.finance.yahoo.com/news/rare-2-coin-worth-110-found-in-spare-change-from-servo-could-not-believe-214029475.html

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