The New Australian Coin Forum

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There you can discuss coins, banknotes, medals and exonumia both from Australia and across the globe. It’s a place for a chat with people with the same interest as you! You register and post under a username so you have some personal security over your posted comments.

If you’ve been a member of ACBO, the Australian Coin and Banknote Online Forum then you will have noticed it’s gone down with a thud. If you were a member there please come and visit us at our new home australian-coins.net

If you have an interest in collecting coins and want to chat with other collectors and experts in numismatics the come and join the new forum.

Posted in Coin News

How to Determine if a Clipped Planchet Error is Real

This article appeared in June 2012 Australasian Coin and Banknote Magazine written by the team at the Australian Coin Collecting Blog and is reproduced here for your viewing pleasure.

Figure 1: New Zealand 50c straight clip error with strong Blakesley Effect.

Figure 1: New Zealand 50c straight clip error with strong Blakesley Effect.

One of the most common Australian pre-decimal errors that you’ll find is the clipped planchet error. Also known as the incomplete planchet error, these coins are the product of a problem with the coin blank manufacturing process. During this process coin blanks are manufactured by a press known as a blanking press. A strip of metal is fed through the blanking press at high speed and the press utilises a gang of punches to strike the coin blanks out of the metal strip. The resultant products are of course the coin blanks and a length of metal strip (known as scissel) with holes punched out of it. The scissel is then re-melted to be rolled again to be fed through the blanking presses.

In an ideal world the striking rate of the blanking press matches the feed speed of the metal strip perfectly and one set of coin blanks is struck immediately after the last set so that the number of blanks produced is maximised. However, due to feed problems or speed variations sometimes a set of blanks is punched out before the holes from the preceding set has fully passed. The result of this is blanks being created with some metal missing. These blanks go on to be struck and are recognised as curved clipped planchet errors. In some other cases the metal strip can vary unexpectedly in width or blanks are punched from the very end of the strip of metal. This can result in other incomplete blanks that are known as straight or ragged edged clipped planchet errors. They are also sometimes called “end of bar” errors. Figure 1 illustrates how incomplete coin blanks might be formed from the metal strip with the incomplete blanks shaded grey. There are some other types of clipped planchet errors but these will be covered in a subsequent article.

Figure 2: How incomplete blanks might be formed.

Figure 2: How incomplete blanks might be formed.

Diagnostics of Genuine Clipped Planchet Errors
It’s not unusual for fake clipped planchet errors to be passed off as the real item and it’s important to understand the characteristics of a genuine clipped planchet error. There are a number of diagnostics you can look for to determine a clipped planchet error is genuine and those will now be covered.

The Blakesley Effect
Named after the American numismatist that first identified it, the Blakesley Effect can be the most powerful identifier of a genuine clipped planchet error. The effect is characterised by rim weakness directly opposite the missing portion of a clipped planchet error coin. This effect is a result of the rimming process that is used on most coin blanks to form a coin planchet. The rimming process rolls the coin blank along its edge under high pressure between a roller and a fixed edge, as it is rolled around the full circumference the edge is raised. When an incomplete blank rolls around this edging press the pressure is relieved when the missing portion contacts either the fixed edge or the rimming roller. The result is that no rim is formed opposite the missing portion of the coin blank.

When an incomplete coin planchet is struck the missing raised rim opposite the clipped region is typically very weakly struck simply because the rim is not raised. An excellent example of the Blakesley Effect is shown in Figure 2. It is important to realise that the Blakesley Effect will only be seen on coins that have been through the coin rimming process.

Figure 3: Fishtailing of USTR

Figure 3: Fishtailing of USTR

Fishtailing and Radial Metal Flow
As a coin planchet is struck the metal flow will take the path of least resistance which normally is to fill the design elements of the coin dies. However, in the case of a clipped planchet the metal around the missing region will tend to flow outwards (or radially) towards the missing region. This is because the metal in this area is not restrained by the collar die. This radial metal flow shows itself in a couple of different ways. The first is fishtailing of the radial design elements (usually the legends) around the missing portion of the planchet. The second is rounding of the struck coin rim next to the missing portion of the planchet. Figure 3 shows a portion of a clipped Australian half penny with clear fishtailing of the letters USTR while Figure 4 exhibits clear rounding of the rim near the clipped portion of a 1964 penny.

Figure 4: Rounded rim edge

Figure 4: Rounded rim edge

Strike Weakness
Because of the radial metal flow described above there is less metal to fill the die design elements around the missing part of the coin planchet. A genuine clipped planchet tends to have a weaker strike immediately around the missing part of the coin. Strike weakness due to a genuine clipped planchet error can be seen in Figure 5.

Figure 5:Strike weakness of + ELIZ

Figure 5:Strike weakness of + ELIZ

Conclusions
When the diagnostics of a genuine clipped planchet error coin are realised and understood it’s a fairly simple matter to determine if a coin is a genuine or manufactured “error”. Once one has enough practice it’s even possible to recognise genuine errors from poor images on the internet. If you are an error collector it’s an important set of skills to have in your “kit bag” and can prevent you from making mistakes, even when purchasing the most humble of error coins, the clipped planchet error.

References:
Jon Saxton, “The ‘clipped planchet’ error” (2004) Retrieved April 21, 2012 from http://www.triton.vg/clip.html
“How to Determine a Genuine Clipped Coin Error” (2009) Retrieved April 22, 2012 from https://www.australian-coins.com/blog/2009/09/how-to-determine-a-genuine-clipped-coin-error.html
Herbert, Alan (2002) “Official Price Guide to Mint Errors”, 6th Edition”, New York, House of Collectibles

Posted in Error Coins

Australian 50 Cent Coins Value 2012

We thought it would be useful to revisit the values of Australian 50 cent coins that you might find in your change. The values below are drawn from the 2012 edition of the Pocket Guide to Australian Coins and Banknotes written by Greg McDonald. Remember these prices are for true uncirculated coins and they are what you can expect to PAY for a coin rather than what you can sell it for. If you’re selling these coins you’ll be lucky to get half the catalogue value and likely much less.

  • 1970 Captain Cook Bicentenary, mintage: 16,548,100, $7.00
  • 1977 Silver Jubilee, mintage: 25,067,000, $4.00
  • 1981 Royal Wedding, mintage: 20,000,000, $6.00
  • 1982 Commonwealth Games, mintage: 23,287,000, $4.00
  • 1988 First Fleet Bicentenary, mintage: 8,990,800, $15.00
  • 1991 Decimal Anniversary, mintage: 4,704,400, $10.00
  • 1994 Year of the Family (narrow date), mintage: 20,830,800, $12.00
  • 1994 Year of the Family (wide date), mintage: 20,830,800, $12.00
  • 1995 Weary Dunlop, mintage: 15,869,200, $7.00
  • 1998 Bass and Flinders, mintage: 22,426,000, $7.00
  • 2000 Year 2000 Millennium, mintage: 16,630,000, $7.00

Now if you compare the catalogue values of these coins in 2012 with those in the table we wrote in 2009 you will note that not one of these coins has changed in catalogue value in 3 years. Not exactly the stuff investment dreams are made of.

Because it will be interesting to look back on this article in a few years time we thought we’d take a look at the catalogue values of some of the commemorative 50c coins we didn’t consider last time. As above these values are for true uncirculated coins only.

  • 2001 Centenary of Federation, mintage: 43,149,600, $5.00
  • 2001 Centenary of Federation NSW, mintage: 3,042,000, $6.00
  • 2001 Centenary of Federation ACT, mintage: 2,000,000, $6.00
  • 2001 Centenary of Federation QLD, mintage: 2,320,000, $6.00
  • 2001 Centenary of Federation VIC, mintage: 2,000,000, $6.00
  • 2001 Centenary of Federation Norfolk Island, mintage: 2,000,000, $6.00
  • 2001 Centenary of Federation NT, mintage: 2,000,000, $6.00
  • 2001 Centenary of Federation WA, mintage: 2,400,000, $6.00
  • 2001 Centenary of Federation SA, mintage: 2,400,000, $6.00
  • 2001 Centenary of Federation TAS, mintage: 2,106,006, $6.00
  • 2002 Year of the Outback, mintage: 11,507,000, $6.00
  • 2003 Australia’s Volunteers, mintage: 13,927,000, $4.00
  • 2004 Student Design, mintage: 10,200,000, $3.00
  • 2005 60th Anniversary of WW2, mintage: 20,719,000, $3.00

If you’re wondering why we’ve got this far and haven’t mentioned the 1966 Round 50c Coin you should remember that it trades mainly as silver bullion rather than as a collectable coin. Back in 2009 when we wrote the original 50 cent coin value article silver was trading at about $19.50 an ounce making a round 50c worth about $6.50. Today that same round 50 cent contains $9.60 worth of silver. Seems like an excellent return? Well it is, but a word of caution, remember that in 1980 at the height of the Hunt Brothers silver run a round 50c contained $15 worth of silver. So if you’d held onto them for the intervening 32 years you’d have made a 50% loss, which is even worse if you consider 32 years of inflation!

Posted in Collecting Coins, Investing in Coins Tagged with: ,

Australian Five Dollar Coins Value

Australian 1988 Parliament House $5 as issued by the Commonwealth Bank

Australian 1988 Parliament House $5 as issued by the Commonwealth Bank

Update: Triangular 5 Dollar Parliament House Coin Released – in May 2013 the Royal Australian Mint released a $5 triangular silver proof coin celebrating the 25th anniversary of the opening of Parliament House. You can read more about it here.

In general Australian $5 coins are valued at just that, five dollars. Yes, they are really only worth their five dollar face value. Uncirculated 5 dollar coins such as the 1988 Parliament House issue, the 1990 Simpson and his Donkey $5 or the 1992 Year of Space $5 struggle to even get $5 in the secondary market so it’s often better to just take them to the bank and cash them in for $5. Even coin dealers don’t want to buy them!!

The five dollar coin has never been popular although just over 3 million were issued via the Commonwealth Bank in 1988 where it was quite a novelty to stop in and buy a $5 coin for $5. This was the year Australians were excited over the newest denomination coin, the $2. It was thought a $5 coin for circulation may well have been on the cards. These coins haven’t been a great investment though as today you’re lucky that they are legal tender so you will get your $5 back.

Most uncirculated issues have been minted in aluminium, zinc and bronze. The 1994 Vote for Women Centenary, Womens Enfranchisement bi-metal coin has been voted one of the ugliest designs in decimal history. Proof issues (often in silver) have faired a little better and the odd issue a real investment. Silver coins will often trade for their bullion content and not numismatic value. But you never can tell which issue is going to be the money earner and which is the dud, but in the case of 5 dollar coins it’s pretty safe to assume that they’ll prove to be a poor investment.

Posted in Investing in Coins Tagged with: ,

1981 Charles and Diana 50c -a flawed pair

This article appeared in February 2012 Australasian Coin and Banknote Magazine written by the team at the Australian Coin Collecting Blog and is reproduced here for your viewing pleasure.

Figure 1: the unimpaired 1981 50c commemorating the marriage of His Royal Highness the Prince of Wales and Lady Diana Spencer.

Figure 1: the unimpaired 1981 50c commemorating the marriage of His Royal Highness the Prince of Wales and Lady Diana Spencer.

On July 29th 1981 His Royal Highness, Charles the Prince of Wales married Lady Diana Spencer at St. Paul’s Cathedral in London. This article discusses the Australian 50c coins that were minted to commemorate this marriage and looks at two flawed coins that in some ways mirror what was a flawed and ultimately tragic union.

The engagement and marriage of Prince William and Catherine Middleton gave us a taste of both Royal fever and the frantic efforts of minting authorities around the world to release collector coins celebrating both events. Circumstances were little different in 1980 and 1981 with many different coins being released world wide to celebrate the engagement and marriage of Charles and Diana. The Royal Australian Mint did not look like joining the party and Aussie collectors had almost resigned themselves to collecting British and other world issues celebrating the Royal marriage.

However, on Sunday May 31st 1981 the then Treasurer, John Howard announced that a 50c coin would be minted to commemorate the Royal Wedding. Problems due to an on-going industrial dispute being experienced by the Royal Australian Mint at the time meant the coin would be minted in the United Kingdom or Canada. The new coin would bear jugate portraits of Charles and Diana on the reverse designed and sculpted by that doyen of Australian decimal coin design, Stuart Devlin.

We know now that the Chuck and Di 50c (as it is affectionately known) was minted to the tune of 20 million coins at the Royal Mint branch in Llantrisant in South Wales. 5 million of these coins were made available to Australian trading banks in early July 1981, just 3 short weeks before the Royal nuptials. This was later than planned as the delivery of coins was held up by yet more industrial action by the Transport Workers Union.

A regular commemorative Charles and Diana 50c can be seen in Figure 1. These were struck on a dodecagonal (12 sided) cupro-nickel blank with plain edges. After being struck, the coins measured 31.51mm from one flat edge to the opposite side of the coin. Interestingly the low rim of all dodecagonal Australian 50c coins are formed during the striking process rather than being applied by an upsetting mill as is usual for round coins. If you’ve taken the time to examine any mint state Charles and Diana 50c coins you’ve probably noted that the quality of strike is certainly better than Australian minted 50c coins of the time and the lustre can be a little more subdued than locally made coins.

Figure 2: the first of the two broadstruck errors discussed in this article.

Figure 2: the first of the two broadstruck errors discussed in this article.

Figure 3: the second of the two broadstruck errors discussed in this article.

Figure 3: the second of the two broadstruck errors discussed in this article.

Figures 2 and 3 show two different Charles and Diana 50c coins that were definitely not minted correctly. Both coins are what is known as broadstruck errors. This means that they were struck without the collar die (the less commonly discussed third die used in the minting process) in place and the planchet has spread out considerably. There are several indicators of this spreading, the most obvious is that the diameter of the broadstruck coins is greater than the standard. The coin in Figure 2 measures 33.55mm while that in Figure 3 measures 33.59mm. A second indicator of this spreading is shown by examining the lettering on the legends of both coins. In each case there is strong fishtailing at the base of the radial elements caused by outward metal flow due to the lack of the containing collar during the striking process. A final indicator of the spreading of these coins is clear in an examination of the design itself. In both cases there is a considerable amount of the flan extending past the edge of the design elements, obviously not something that is present in a regular coin.

Of interest is that the planchet in Figure 2 was rotated by about 15 degrees from normal orientation when struck. It is also worth noting that despite the coins being in exceptional condition that both have some mechanical damage. Figure 2 shows damage on the reverse on the rim at about 6 o’clock. Figure 3 shows similar damage on the rim at about 7 o’clock on the obverse. Of course we cannot ever be sure but it would be somewhat romantic to speculate that in both cases this damage may have been caused by Royal Mint workers dislodging these coins from the minting press where they had become stuck in the coining chamber.

Broadstruck Australian 50c coins are rare. The authors have only seen three in the last few years. In that same time the authors have noted several coins struck off-centre, quite a few ram-struck coins, and many clipped planchets. To find these two errors in such similar condition with the same design is unusual indeed. Before concluding the authors would like to indulge a moment in the serendipitous events that happen in the fine hobby of coin collecting from time to time. We had never seen a broadstruck Charles and Diana 50c coin until the coin in Figure 2 was purchased at private sale in 2011 and as luck would have it just a couple of weeks later the coin in Figure 3 was listed for online auction and needless to say we snapped it up, keen to have such a fine pair of errors. Serendipity indeed.
References:
“Australian 50c Coins – 1981 Royal Wedding Charles and Diana 50c” (2010) Retrieved October 31, 2011 from https://www.australian-coins.com/blog/2010/01/australian-50-cent-coins-1981-royal-wedding-charles-and-diana-50c.html
Author Unknown (1981). “Blanks show up in 50c Release”. Australian Coin Review, Vol 18 No 3. pp 9
Fish, P (1981). “New Field Opens up for Collections”. Australian Coin Review, Vol 18 No 1. pp7-9

Posted in Coin News, Collecting Coins

Australian Paper Note Values

Australian paper banknotes can be very valuable but how do you know what your old note is worth? Banknotes used to be made of paper before the currently used polymer or plastic notes came into circulation. Before 1966 Australia printed pre-decimal notes in ten shillings, one pound, 5,10, 20, 50 and 100 pound denominations. In 1966 Australia changed to decimal currency and introduced the one dollar and two dollar notes followed by 5, 10, 20, 50 and 100 dollar notes.

To value an Australian paper note first you must identify the famous Australians portrayed and the signatures the note bears. The signatures belong to the Secretary to the Treasury and the Governor and these appear on the note. These features will help you determine the notes year of issue. Secondly the serial number is important in determining where your note falls in the run or manufacturing sequence of the notes. First and last prefix notes are often more collectable and command a premium to general prefix notes. The prefix is the first 2 or 3 letters in the notes serial number. If the serial number has a star it is very valuable indeed -these are replacement notes and command a large premium.

Example:
NAA First prefix
NAB to NCR General Prefix
NCS Last Prefix
Condition of your Australian note is of utmost importance and greatly affects it’s value. A folded note or one kept in your wallet for years will never be worth as much as a flat crisp uncirculated banknote. Even a teller flick on a bundle of notes can devalue the note rendering it aUnc. And most certainly a paper note with the corners eaten off by cockroaches will have a lesser value.

To work out if your paper note has any value over the face value of the note then pick up a copy of an Australian coin catalogue, ask someone with some banknote knowledge or take it to your local coin and banknote dealer. If you’re using a catalogue to value your paper notes, whether they be decimal or pre-decimal you should exercise caution. The Aussie banknote market saw a correction in 2012 and 2013 due to the failure of two major banknote dealers, John Petit Rare Banknotes from New South Wales and The Rare Coin Company from West Australia. The failure of these two dealers caused a collapse in the support of banknotes and a glut of available pre-decimal notes and decimal notes. Actual realised prices for these types of banknotes are now (late 2014) a mere fraction of the values shown in catalogues. In fact it’s not unusual for a paper banknote to only be worth a half or even a quarter of the values found in McDonalds or Renniks catalogues. We are sure the catalogues will amend their values in up-coming issues.

Posted in Banknotes

1967 New Zealand 2c Bahama Islands 5c Mule

Undated (1967) New Zealand Bahamas Mule

Undated (1967) New Zealand Bahamas Mule

In 1967 was it a careless mistake by a Royal Mint worker that saw the birth of a rare and now famous mule coin? Seen above is one of these prized pieces with two sides that were never intended to be used together. A copper 2c piece struck by the Royal Mint for New Zealand bears the undated obverse of a Bahamas 5 cent (an obverse which should have been struck on a copper nickel blank). The reverse is the New Zealand kowhai blossom designed by Reginald George James Berry (known as James Berry) who designed the reverses of all the new decimal coins of New Zealand, his initials JB appear on the coin. The obverse is the Arnold Machin portrait of Queen Elizabeth II with the country of Bahama Islands instead of New Zealand. The date on a New Zealand coin should appear below the portrait but does not appear on the Bahamas obverse leaving the coin undated.

A full production run (between 65,000 and 100,000) of these error coins was mistakenly manufactured by the Royal Mint in London when preparing New Zealand coins for their changoever to decimal currency in 1967. The error went unnoticed and the coins were packed and sent to Wellington, New Zealand to be distributed at decimal changeover on 10th July 1967. Within hours of the new currency circulating the accidental pairing had been discovered.

It was all over the news and the media had a field day with headlines such as “Freak 2c coin of no legal value” and “Mint bungle could make 2c coin worth $200”. Mr John Searle of the New Zealand Decimal Currency Board asked the New Zealand High Commissioner in London to speak with the Royal Mint and explain as there could be as many as 100,000 coins circulating that weren’t true legal tender. A full inquiry would take place and the Royal Mint would supply 100,000 replacement coins to the New Zealand government at no cost. The day after New Zealand C-Day 11 July 1967 New Zealand Minister of Finance Robert Muldoon said in a press statement:

“The resulting defective coins are not legal tender in New Zealand but the Government will exchange them for genuine New Zealand coins of the same face value.”

Who would take up such an offer! The public and collectors requested to buy the coins. Since the Royal Mint were replacing the coins should they be offered for sale at financial gain to the Government? The Bahamas die that was wrongly used belonged to another government, would it be proper to use this misuse for financial gain? At this point a 2 cent piece that cost NZ treasury essentially nothing as the coins had been replaced were fetching up to $50 each.

New Zealand 1967 2 cent (top) and Bahama Islands 1966 5 cent (bottom) Note: no Bahama Island 5c were minted dated 1967

New Zealand 1967 2 cent (top) and Bahama Islands 1966 5 cent (bottom) Note: no Bahama Island 5c were minted dated 1967

By August 4th 1967 New Zealand Treasury had decided what to do. Finance Minister Robert Muldoon gave a mule to 78 members of parliament. A mule was also given to the NZ Governor General Bernard Fergusson and Wellington born Bahama Islands Governor Ralph Grey. New Zealand treasury also gifted mules to members of Numismatic societies and clubs with conditions that they promised not to sell the gifted coins.

A Royal Mint enquiry into the incident was undertaken and found most defective coins were contained in batch 73 and were minted on the night shift of Wed 18th January or the day shift of Thurs 19th January 1967 where 20 people worked. There was a maximum of 9 presses and 34 dies in use during this time. The Royal Mint were NOT minting any Bahama Island coins during that week but Bahama Island coin dies were held in the die stronghold. Checks of unused dies failed to shed light on how this mistake occurred. Without further evidence it is believed to be the result of only one wrong die. Without evidence of the use of more than one die the only conclusion is that not more than 150,000 of these coins could exist. The report suggests the New Zealand authorities check the surrounding bags 72 and 74 for suspect coins also. Because nine presses were in use the Royal Mint concludes 100,000 defective coins could be included in up to 900,000 sent to New Zealand. The Royal Mint apologized, replaced the coins and the covered the cost of the recovery of the mule coins.

The Royal Mint at Tower Hill in London had been minting coins since (circa) 1810 and was under tremendous load at the time minting coins for many different countries and ex-colonies some of which were moving to decimalisation. This included Australia when London minted new 5c, 10c and 20c for Australia’s change to decimal currency in 1966 and they were preparing for Britains own decimalisation in 1971. Any mistakes or bad press could lead countries away from using the Royal Mint to strike their coins. Their equipment was becoming tired and little did they know a new Mint was being planned. The new Mint in Llantrisant was announced in April 1967 and work started in August. There was also shortage of staff and it has been suggested that the making of the New Zealand Bahamas mule was a deliberate industrial protest by workers and not a simple accident. They did manage through strong coincidence to strike these coins, send them away and release them into circulation without the error being detected.

600 Royal Mint workers were involved in an unofficial strike in the coinage room on Friday January 6th 1967, just 2 weeks before these mules were made. However John Hasting James (Deputy Mint Master 1957 to 1970) explicitly stated it was the view of Mint management that this was not a deliberate act from a disaffected Mint employee. Later, in August 1967, another letter stated after Deputy Mint Master John James visited the factory at the beginning of January he found supervision to be substandard and the factory Superintendent was warned severely. A mistake should have been no surprise however in theory the die checking procedures should have prevented such an event. Because of the length of time between manufacture and detection it was impossible to identify the exact person or persons responsible (individual press records were destroyed once numbers tallied to avoid volumes of paper). If it was done on purpose then it’s likely die records were altered by those responsible. No disciplinary action was taken against anyone. From August 1967 new procedures were put in place at the Royal Mint to stop this from happening again.

A full production run (the number of coins struck between die changes) meant that it was possible that 100,000 mule coins were struck. Treasury traced the mules to 2 bank sources and identified boxes, batch numbers and bag numbers and went through those 600,000 coins by hand finding 60,000 mules that were later meted down. This has resulted in an estimated 6,000-12,000 coins in collectors hands.

Posted in Coin News, Error Coins

Operation Fastbuck -Delivering New Decimal Coins In 1966

Truck Laden with Locked Containers of the New Decimal Coins and the Commonwealth Escort Car

Truck Laden with Locked Containers of the New Decimal Coins and the Commonwealth Escort Car

The delivery of new coins needed at the changeover from pounds, shillings and pence to dollars and cents for February 14th 1966 was given the name “Operation Fastbuck”. New coins had to be delivered to banks for the opening of business on Monday February 14th when Australia would begin a period of transition, initially with dual currency to ultimately merge full-time into the use of a new system of dollars and cents.

A lot of new coins had travelled form the Royal Mint in London and arrived at the Melbourne docks and were transported to storage at Deer Park prior to decimal changeover. Operation Fastbuck saw the delivery of all the new coins to banks Australia-wide. In the case of Victoria there were 3 groups involved in the distribution of the new coins from the Deer Park facility. Each group consisted of a semi-trailer loaded with locked containers that held the cases of coins (see image above) with the driver accompanied by an armed Federal Police Officer. A medium sized delivery van (similar to armoured Armaguard, Brinks or Chubb security vans that we see today) saw the driver accompanied by another armed police officer and 2 bank officers. A Commonwealth car (seen in image above) with driver and a police officer armed with an Owen Sub-machine gun kept guard of the semi-trailer as an escort.

On approximately 6 occasions between November 1965 and February 1966 the convoy began to distribute the new coins and banknotes. They would be gone for about 4-5 days on each occasion. After loading up from the facility in Deer Park in Melbourne the 3 groups tracked the entire state of Victoria. Each morning the security van would load money from the semi-trailer to be distributed to banks as the van criss-crossed the trucks path during the day, meeting up with the truck several times to replenish the supplies in the van. The convoy proceeded to the main roads to arranged overnight stops where the personnel stayed at local hotel/motels and the vehicles were guarded by the local police overnight. Remarkably there were no instances of robbery throughout the operation where over 600 million coins and 150 million new banknotes were distributed.

After the operation was completed a Reserve Bank function thanked the 70 or so persons involved and presented them with the very rare “Fastbuck Wallet” of uncirculated new decimal coins each in an inscribed wallet thanking them individually. The information and images provided in this entry have come from one of the Commonwealth Car drivers, Mr Charlie Browne. You can see an image of his own Fastbuck Mint Set in The Pocket Guide to Australian Coins and Banknotes by Greg McDonald (18th ed), a catalogue of Australian coin values. His recollection is that quite a few of these wallets were discarded and the new coins spent in the bar on that day of the presentation. This wallet is certainly the most collectable of all the 1966 mint sets.

Interestingly Mr Charlie Browne did not in fact work for TNT as stated in all the literature on this event. Commonly it is quoted that the 70 persons presented with these sets were TNT drivers. Possibly this is the case for other states but not in the case of Victoria where Mr Browne worked for the Government and there was no involvement of the company TNT. It was a joint collaboration between the Reserve Bank of Australia, Stores and Transport Drivers (Government heavy vehicle and Government Commonwealth Car drivers) and the Federal Police.

Thanks Charlie for your efforts during the currency conversion.

Mr Charlie Browne in 1966 as Commonwealth Car Driver

Mr Charlie Browne in 1966 as Commonwealth Car Driver

Posted in Australian Decimal Changeover

Indent Error with Partial Brockage 50c

1976 50 Cent Error PCGS MS64

This indent coin error has occurred when the previously struck 50c failed to exit the press cleanly and was jammed against the new blank when it was struck. This has left the impression and incuse (brockage) imprint of the coin that didn’t make it off the press. We’ve seen this before on Australian pre-decimal coins and we’ve come across what is such a superb example that we’d like to share it with our readers. The penny in our previous entry linked to above is the exact same type of error and the same malfunction in the press has occurred. When comparing the 2 examples you can clearly see the factors which make this coin a genuine mint error and not some kind of manufactured in the “back shed” variety. The fact that the reverse design is so well struck and remains undamaged tells us that the coin was pressed against the die when the indent happened. If it were post mint damage then we would certainly see intrusion or flattening of the design on this coin’s reverse -which there is not.

Click image to enlarge

Posted in Error Coins

Australian Indent Error with Partial Brockage

1952a Penny Indent with Partial Brockage

1952a Penny Indent with Partial Brockage

This 1952a Australian penny was struck in Perth but there was a press malfunction during it’s minting. The coin struck prior to this coin had not exited the press completely before the new blank fell into place and was struck.This resulted in an Indent error in the new coin in the shape of the coin that had not exited the press fully. You can see by the shape and size of the indent that the new penny was only just caught up in the minting of the second coin. We can tell the coin that didn’t escape quickly enough was a struck penny as you can see a partial brockage imprint of it (more clearly) in the close-up below. You can see incuse denticles and the NY of penny in the indent space – this is the partial brockage. Sometimes you can get indent errors that have been indented with unstruck or blank coins and the indent space shows no design.

If this were a manufactured “in the back shed” error or post mint damage then you would see obliteration on the reverse of the penny behind where the indent occured which is not the case in this genuine mint error coin. It’s a lovely choice uncirculated example.

We’ve spoken before about indent errors and they can have many forms. This is probably the more common (but still rare), more so that the one in our first entry Australian Indent Errors that was a $1 indented with a blank 5c (a whole different denomination) when 2 blanks had been fed into the press simultaneously, which is very rare.

Closeup of the Indent Showing Partial Brockage

Closeup of the Indent Showing Partial Brockage

Posted in Error Coins

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Current Coin Values, Bullion Prices and Exchange Rates

AUD $17.35
Australian 1966 Round 50c
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AUD $1,209.08
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USD $0.6642
Australian Dollar

 
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: 00:04 07 Nov 2024

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