Valuable Australian Coins in Your Change!

The Numismatic Association of Australia publishes an annual numismatic journal and the latest volume has just been released. We were asked to contribute an article to this journal which we were happy to do. The process of creating the article was considerably longer than expected with the whole thing taking about 18 months (!) from start to finish. However, we’re happy with the end result, an article all about the fine art of coin noodling! The article is entitled Valuable Coins in Change (click the link to read the PDF version of the article).

Posted in Collecting Coins, Error Coins

A Partial Engagement –the story of partial collar errors

This article was published in the Australasian Coin and Banknote Magazine, March 2017 issue and was written by the Australian Coin Collecting Blog.Subscribe here to CAB magazine.

What is a Partial Collar Error?
The Partial Collar Error is an interesting type of coin error that gets its name as the coin only partially engages with the collar die when it is struck giving the rim a stepped appearance around some or all of the circumference of the coin.

The error occurs as the coin blank is fed into the press by the feeder fingers and doesn’t neatly locate in the collar die. As the coin is struck some of the planchet is driven into the collar die. The collar die constrains flow of the metal radially, resulting in the rim of the coin having a smaller diameter where it is held by the collar die and a larger diameter where it is not. Examining the edge of the struck coin to see how the collar held the coin allows the error to be classified by the collector into one of two types of partial collar error, straight or tilted.

Figure 1 shows a straight partial collar error, while Figure 2 shows a tilted partial collar error. Figure 3 shows a partial collar error on a non-reeded edge coin.
From the images below it should be clear that in the case of a straight partial collar the coin engages with the collar such that the double edge is parallel to the faces of the coin. The step in the edge around the full circumference of the coin gives the coin more than a passing resemblance to the wheel of a train carriage or locomotive, leading to the colloquial name “railroad rim error” for the straight partial collar. In the case of the tilted partial collar the double edge is not parallel to the faces of the coin giving rise to a tilted appearance.

Figure 1 (left) - Straight Partial Collar Edge – Great Britain 1966 Sixpence Figure 2 (middle) - Tilted Partial Collar Edge – Australia 2005 Dollar Figure 3 (right)- Straight Partial Collar Edge – Australia 1974 2c

Figure 1 (left) – Straight Partial Collar Edge – Great Britain 1966 Sixpence
Figure 2 (middle) – Tilted Partial Collar Edge – Australia 2005 Dollar
Figure 3 (right)- Straight Partial Collar Edge – Australia 1974 2c

Partial collar errors don’t usually look too spectacular when viewing the obverse or reverse face of the coin. Typically it’s when taking a closer look at the edge that it becomes obvious where the problem has occurred. In the case of a straight partial collar error the side of the coin that correctly engages with the collar die should look for all intents and purposes, like a correctly struck coin. However, with the opposing side effectively struck out of collar the diameter should be greater than standard. It’s on this side of the coin that you may see metal flow and fishtailing due to unconstrained radial metal flow. See Figure 4.

Figure 4- Australia 1974 2c Partial Collar – Obverse Fishtailing Detail

Figure 4- Australia 1974 2c Partial Collar – Obverse Fishtailing Detail


Why Do Partial Collar Errors Occur?
There are two commonly accepted reasons for partial collar errors. The first has to do with the manufacture of the coin blanks themselves, the second a failure in the operation of the coin press machinery.

Improperly Manufactured Coin Blanks
What is one reason that a coin blank wouldn’t sit neatly in the collar for striking? The answer is quite obvious and is answered in Figure 5, a letter from the Royal Mint in London dated 1968. This letter is a response to Mr. C. McMillan who had mailed a straight partial collar 1966 sixpence error (Figure 1) to the Royal Mint asking for an explanation as to the origins of the coin. J.C. Hill, an employee of the Royal Mint, in reply to Mr. McMillan says:

“Your coin escaped this process and was therefore too large to fit properly into the collar which cuts the milled edge when the coin is struck.”

How can a coin blank possibly be too large? Simply because it has mistakenly missed the edge rimming process which raises the edge of the blank to reduce wear on the coin, reduces required striking pressure and according to J.C. Hill, allows coins to be stacked. An obvious side effect of the edge rimming process is that it reduces the diameter of the coin blank. The forfeiture of the edge rimming process leaves the coin blank too wide to fall neatly into the collar and only the part of the blank that is held by the collar receives the edge milling.

Machinery Failure
Herbert (2002) suggests a second reason for the partial collar error. Failure in some aspect of the coin press itself. He says:

“The collar may not rise and fall properly with the striking process, the support springs may break, or the collar may jam.”

It’s easy to see how in any of these cases that the collar die would only be raised partially around the rim of the coin even for a perfectly manufactured coin blank. In Mr. Herbert’s case of broken collar die support springs it is not inconceivable that just one spring could break resulting in a tilted collar die which could easily explain tilted partial collar errors.

How Common is this Type of Coin Error?
Partial collar errors are among the more common errors available to collectors. They are certainly the most common type of error coin that arise from planchet location problems during striking. Ramstrikes, broadstrikes and off-center strikes are other errors that result from planchet location issues but each is far scarcer than the partial collar.
Most of these more grossly deformed types of errors usually get picked up either by the Mint or by security companies when they are rejected at the coin rolling machines. Sometimes smaller less deformed partial collar errors find their way into circulation. Partial collar errors are more commonly found on the smaller denominations and they are easily overlooked and sometimes circulate for a while before being put aside by a collector.

Figure 5 -Royal Mint Letter

Figure 5 -Royal Mint Letter


A Recent Find
An Australasian Coin and Banknote reader was over the moon when he recently opened a Royal Australian Mint roll of freshly minted 2016 50th Anniversary of Decimal Currency Changeover 20 cent coins and found a partial collar error staring back at him. Glaringly obvious as can be seen in the photos (Figure 6) part of this coin didn’t engage at all with the collar die and there is a significant area with no milling around the edge. Our reader was quick to don his white gloves and carefully photograph the coin before putting it away in a coin holder. This is the first 2016 partial collar error the authors have seen and having come directly from a mint roll is retained in desirable uncirculated condition.
Figure 6 -2016 20c Partial Collar in RAM Roll (image supplied by Tyron Pigors)

Figure 6 -2016 20c Partial Collar in RAM Roll (image supplied by Tyron Pigors)


References
1. Richard Giedroyc, 2006. The Everything Coin Collecting Book: All You Need to Start Your Collection And Trade for Profit (Everything®). Adams Media.
2. Alan Herbert, 2002. The Official Price Guide to Mint Errors, 6th Edition. House of Collectibles.
3. Hill, J.C. (Royal Mint, London) to Mr.C. McMillan 5 February 1968 from collection of K. Harris.
4. Ian McConnelly, 2015. Renniks Australian Pre-Decimal & Decimal Coin Errors, 1st Edition. Renniks.
5. Australian Off Centre Strikes and Off Centre Dies. 2016. Australian Off Centre Strikes and Off Centre Dies. [ONLINE] Available at: http://www.thesandpit.net/index.php?option=offcentre_strike. [Accessed 29 December 2016].

Posted in Error Coins

85th Anniversary of the Sydney Harbour Bridge

Sydney Harbour Bridge Medal 1932 Silver

Sydney Harbour Bridge Medal 1932 Silver


Eighty five years ago today the Sydney Harbour Bridge was opened with much fanfare. Declared a public holiday, March 19th 1932 was a rush of celebrations, the bridge opened with the cutting of a ribbon. The ornate scissors used were designed by Vambola Veinberg who went on to later become the Royal Australian Mint’s first Chief Engraver.

The celebrations continued becoming a week long event with commemorative medals, medalettes, medallions, pins, badges and ephemera produced. Above you can see a silver medal (that is edge inscribed) awarded for Basketball to an amateur girls sports team called the Kookaburras during the celebrations.

Below is a steel medal made from a slice of surplus bridge rivet, a very rare and unusual medal.

Sydney Harbour Bridge Rivet Medal

Sydney Harbour Bridge Rivet Medal

Finally, a medal with a suspension loop that once contained a pin for crowds gathered at the opening event. This would have been attached to the lapel and worn during the celebrations on March 19th 1932.

Sydney Harbour Bridge Pageant Medal

Sydney Harbour Bridge Pageant Medal

Posted in Coin News

Legends of the ANZAC: Medals of Honour Colection to Hit the Newsstands Soon

2017 Legends of the Anzacs: Medals of Honour  14 coin collection (image courtesy heraldsun.com.au)

2017 Legends of the Anzacs: Medals of Honour 14 coin collection (image courtesy heraldsun.com.au)

Beginning April 8th and being sold via newspaper outlets for 2 weeks is another series of collector coins. In partnership with the Royal Australian Mint, News Corp Australia, Legacy and Westpac four 25 cent coins will be made in copper-plated steel and a further ten 20c pieces will be issued in cupro-nickel the same as our standard 20 cent coin. Each of the 14 coins feature a war service medal.

25 Cent Coins Copper Plated Steel
Victoria Cross April 8th
George Cross April 9th
Distinguished Flying Cross April 15th
Medal for Gallantry April 16th

20 Cent Coins Cupro-Nickel
Star of Gallantry April 10th
Distinguished Service Cross April 11th
Nursing Service Cross April 12th
Military Cross April 13th
Distinguished Service Medal April 17th
Victory Medal April 18th
1939-1945 Star Military Award April 19th
Australian Active Service Medal April 20th
OSM Australian Operational Service Medal -Greater Middle East Operation Military Award April 21st
Australian Defence Medal April 22nd

The very first coin, the 25c Victoria Cross 25 cent struck in brilliant lustrous copper will be free with a newspaper purchase April 8th. This coin is plated on an inner steel core which is magnetic. Each coin thereafter will cost $3 each with a newspaper purchase. You should have your collection complete in time for ANZAC Day 2017!

Posted in Coin News

Sydney Harbour Bridge 50th Anniversary The Australian Numismatic Society Medal

Jubilee Medal Sydney Harbour Bridge 50th Anniversary

Jubilee Medal Sydney Harbour Bridge 50th Anniversary

This 34 millimeter medal was struck in 1982 for the 50th anniversary of the opening of the Sydney Harbour Bridge. Struck by Amor Sanders Pty Ltd the medal was issued by the Australian Numismatic Society. It was struck in bronze and silver, with just 1,285 bronze and 605 silver medals issued. The bronze medal was originally sold for just $5 each. The sterling silver medals for $30 each with individual edge numbering.

The obverse bears a design depicting the Sydney Harbour Bridge inside a wreath with a ribbon inscribed “LABORE ET HONORE”. The legends read “SYDNEY HARBOUR BRIDGE NEW SOUTH WALES 1932 1982”, This view of the bridge was taken from the logo of the official bridge opening ceremony invitation in 1932.

The reverse is a design used on many Australian Numismatic Society medals and is derived from the 1858 threepence token by Hogarth and Erichsen.

The Carlisle reference for this medal is 1982/11.

Posted in Medals

You Can Lead a Mule To Water But You Can’t Make It Think

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

LEFT: Mule, RIGHT: Not-a-Mule

The media and the public embraced our article from last week about the dollar coin you can find in your pocket that could be worth $1,000! This has sent people into a frenzy checking jars of coins, money boxes, spare change in the top drawer and coins in their pockets. Sellers have rushed to eBay listing up the 2000 dated dollar coins without having really grasped the crux of the story. I guess they heard “valuable coin…….la la la……2000 dollar….la la la” because eBay is awash with year 2000 Mob of ‘roos dollars being sold as mules that are regular standard dollar coins worth face value of a dollar. Be careful buyers if you are headed to eBay to add this mule to your collection that the coin you are purchasing is really a true mule coin.

The nationwide awareness has empowered people to find these wrongly minted mule coins in their wallets and pockets which has brought many questions to the Australian Coin Collecting Blog over the past few days. It’s sent us to radio and had our Blog shared to thousands of new visitors via news.com.au, The Daily Mail,Huffington Post and nine.com.au just to name a few. Many newly found valuable dollars have found their way onto eBay with people reaping the valuable profits from the dollar in their pockets straight away! One collector found a mule just a few days ago and here it is:

……just read this article about mules, got all exited and noodled away till I found this, is it a mule……it was pretty exciting, ive collected coins since I was 9 so over 20 years, it was just as exiting as my first coin, a penny in an old wrecked holden….

australia-2000-dollar-mule-2

2000 $1/10c Mule

Checking eBay today and it’s clear that, as a buyer, you need to be able to identify the mule coin if you intend to purchase one. If you’re a seller of a “found coin” then it’s clear that some of you didn’t read the fine print either. Of the 8 top listed coins found when I searched for “2000 mule” in the coin category and viewed them in lowest price first, 3 coins are not mules and 5 are genuine mule error coins. We even have a year 2000 10c coin described as “(MULE ???)” that’s been bid up to $51 for a coin worth 10 cents! Another (what we call not-a-mule) 2000 dollar that’s clearly a standard coin has also been bid up to $117.50. If you’re going to eBay to buy a mule be sure that you look out for the distinctive double rim and don’t be fooled just because the seller tells you it’s a mule.

eBay search for "2000 mule" for sale 15/3/2017

eBay search for “2000 mule” for sale 15/3/2017

Posted in Coin News

Is your Dollar Coin Worth $1000? – Radio Interview with ABC Radio in Perth

One of the blog authors was interviewed about the dollar coin in your pocket that could be worth $1000 by ABC Local Radio in Perth on the 13th of March 2017. You can listen to the interview here:

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

Posted in Coin News

Is your Dollar Coin Worth $1000? – Radio Interview with 6PR in Perth

One of the blog authors was interviewed about the dollar coin in your pocket that could be worth $1000 by Radio 6PR in Perth on the 13th of March 2017. You can listen to the interview here:

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

Posted in Coin News

That Dollar Coin In Your Pocket Might Be Worth $1000

A Valuable Mule Dollar Found in Change

A Valuable Mule Dollar Found in Change

Do you know which dollar coin you might find in your change, pocket or piggy bank could be worth $1,000 or even more? Check the date, it needs to be a year 2000 dated $1 coin. Then you need to look closely at the circular rim of the coin -is it thicker than usual on the Queen side appearing doubled? If you think that’s the case then you might have a coin worth $1000 or more -the value of your rare coin will now depend on the condition after spending 17 years in circulation some coins are more valuable than others.

Quality Australian 2000 $1/10c Mules for Sale

If your 2000 dated coin does have the double rim on the Queen’s head side then what you have is a $1/10c mule, a variety of the Australian dollar coin that’s worth well over face value. It’s quite a valuable coin to find in change! The mule was made when a technician at the Mint in Canberra accidentally paired the Mob of ‘roos dollar reverse with the Queen’s head obverse normally used for the 10 cent piece. It’s slightly smaller size results in the thicker double rim.

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

Mule Obverse with Double Rim (Left), Normal Obverse (Right)

Today’s value for a $1 mule coin -What’s a mule coin worth?

We’ve had a look at recent sold prices around the place and disregarded asking prices because, let’s face it, sometimes these can be quite over the top. A coins value is ultimately determined by the price a buyer will pay and the price that a seller will accept.

PCGS and NGC (both US third party grading services) graded coins are always going to command a premium over raw coins and sellers will pay this to be reassured of a genuine mint error mule coin.

Quality Australian 2000 $1/10c Mules for Sale

SOLD!
$1507.50 Auction 2 March 2017 PCGS AU58 eBay
$425 Auction 22 February 2017 eBay
$550 Offer Accepted 14 Feb 2017 eBay
$2,450 Offer Accepted 8 February 2017 eBay
$1,050 Offer Accepted 6 February 2017 eBay
$650 Auction 21 January 2017 eBay
$600 Buy It Now 2 January 2017 eBay
$536.57 Auction 28 December 2017 eBay
$954 (incl. BP) 22 November 2016 Noble Numismatics Sale 113 EF
$715.50 (incl. BP) 22 November 2016 Noble Numismatics Sale 113 gVF
$1073.25 (incl. BP) April 2016 Noble Numismatics Sale 111 VF
$2742.75 (incl. BP) April 2016 Noble Numismatics Sale 111 EF

Australian 2000 $1 / 10 cent Mule

Australian 2000 $1 / 10 cent Mule

Posted in Collecting Coins

Collectable Commemorative Australian $2 Coins

  • 2017 Remembrance $2 Green/Purple rosemary (image courtesy of the RAM)

Coloured coins galore! Over the past few years the Royal Australian Mint has been churning out collector 2 dollars coins with coloured reverses in the millions. The new coin colourisation technology has resulted in a mass of releases that has brought new collectors to numismatics. It’s also opened a new theme for existing coin collectors -the Australian $2 coin which was previously only seen with the Aboriginal design reverse.

The $2 collecting frenzy began in 2012 with the Royal Australian Mint in Canberra bringing in new equipment with the capability of producing coloured coins that could be put into circulation. In 2013 the Mint has this to say of the first coloured $2 coin, the 2012 coloured red poppy issued for Remembrance Day:

“The production of this coin was made possible through the trials and new developments procured by the Mint’s Engineering Team, who developed an innovative new process allowing long lasting colour to appear on a circulating coin design. Microtext was also a new feature, providing an added level of security against forgery.”
Royal Australian Mint Annual Report 2012-2013

Since that first issue the Mint has churned out these coloured commemorative collector coins at a rapid pace. We’ve put together the table below so you can see at a glance the details of each coin minted. Each Australian $2 coin is minted in aluminium bronze, weighs 6.6 grams and has a diameter of 20.5mm.

Australian Commemorative $2 Coins



Posted in Collecting Coins

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Current Coin Values, Bullion Prices and Exchange Rates

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These values are updated hourly using New York market prices. Coin values are purely the value of the gold or silver they contain and do not account for any numismatic value.
Prices Last Updated: 01:04 03 Nov 2024

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