Rare $2 coin that could worth up to $5000

Next time you receive change, take a closer look at your $2 coins. While most will be the familiar gold-colored version, there’s a chance you might find something special—a coloured coin that could be worth hundreds of dollars more than its face value. These rare coins are increasingly sought after by collectors, and some of them are truly priceless!

The Rise of Australia’s Coloured $2 Coins

Australia’s journey into the world of coloured $2 coins began in 2012 when the Royal Australian Mint released its very first coloured circulating coin. This groundbreaking release, the Red Poppy Coin, has since become a highly coveted collector’s item, often fetching impressive prices in today’s market.

Matthew Thompson, director of Thompsons Coins and Collectables, explains why the Red Poppy coin is so special. “These coins are currently selling for between $200 and $300, representing a remarkable return on their original $10 price when they were first sold through RSL branches,” Thompson notes.

The Red Poppy Coin features a striking red poppy flower at its centre, designed to commemorate Remembrance Day and honor those who served in various conflicts. Its limited mintage—only 500,000 pieces—makes it one of the rarest circulating coins in modern Australian history, adding to its value.

The Queen’s Coronation Coin: A Royal Collector’s Item

In 2013, the Royal Australian Mint followed up with another coloured coin—the Queen’s Coronation Coin. This elegant piece celebrates the 60th anniversary of Queen Elizabeth II’s coronation, featuring purple stripes and St. Edward’s Crown at its centre. With a mintage of just one million, the Queen’s Coronation Coin is among the lowest-minted coloured coins ever to enter circulation in Australia.

The Queen’s Coronation Coin typically sells for between $50 and $100, but certain versions can command even higher prices. “The C Mintmark version, which features a small ‘C’ for Canberra, can sell for over $500,” says Thompson. This specific variant has become highly sought after by serious collectors.

The Value of Newer Coloured Coins: Proceed with Caution

However, not every coloured coin in your change will be worth a small fortune. While newer releases like the Australian Open commemorative coins have sparked initial excitement—sometimes selling for up to $155—Thompson advises caution when it comes to investing in them for future returns.

“The staying power of some newer releases can be questionable,” he explains. “In the world of $2 coins, lasting value often comes from pieces like the Red Poppy Coin, which has broader historical and cultural significance. Themes like the Anzac war resonate with a much wider audience than more contemporary subjects.”

Collecting Coins for the Right Reasons

If you’re thinking of collecting coins, Thompson emphasizes that it’s important to approach the hobby with a focus on education and historical value, rather than just monetary gain. “Any unusual coin is worth keeping if you’re genuinely interested in numismatics,” he says. “For instance, finding a 1996 $1 coin featuring Henry Parkes is a great opportunity to learn about the father of Federation. The educational value often exceeds any financial worth.”

Condition Matters: Protecting Your Coloured Coins

When it comes to valuable coloured $2 coins, condition is key. Coins in circulation naturally suffer wear and tear, which can significantly impact their value. The most valuable examples are those that have been preserved in excellent condition, with minimal signs of use.

Tips for Coin Collecting Enthusiasts

For those new to coin collecting, Thompson offers the following advice:

• Examine your change carefully, especially $2 coins, for any unusual or coloured designs.
• Do your research on any unusual coins you find to understand their historical or collector significance.
• Store valuable coins safely to maintain their condition and prevent damage.
• Join coin-collecting groups to connect with experienced collectors and expand your knowledge.
• Be cautious when purchasing recent releases, as not all newer coins will have lasting value.

The Future of Coloured $2 Coins

The market for coloured $2 coins continues to evolve, with new commemorative releases appearing regularly. While not every coloured coin will become a valuable collector’s item, pieces like the 2012 Red Poppy Coin and the 2013 Queen’s Coronation Coin have already earned their place in Australia’s numismatic history.

For most people, discovering one of these valuable coins in their change is like finding a small treasure. While such discoveries are becoming rarer as these coins are increasingly removed from circulation by collectors, the possibility still exists. This potential for finding hidden gems adds an element of excitement to something as mundane as checking your change.

Conclusion: A Fascinating Intersection of Currency and History

Whether you’re an experienced coin collector or simply curious about the coins in your pocket, understanding the value of these special coloured releases offers a fascinating glimpse into the intersection of currency, history, and collecting. While striking it rich from rare coins may be a long shot, the hobby provides an engaging way to connect with Australia’s cultural and commemorative heritage.

By following these tips and staying vigilant, you might just uncover a rare piece of Australian history hidden in your pocket. Happy collecting!