Aussies are being encouraged to search for valuable $2 coins that could be worth up to $350, with the coin collecting trend gaining significant traction in recent years. Jamie Pang, a 32-year-old Victorian, left his sales job to pursue his passion for coins full-time. He noted a dramatic rise in interest following the late Queen’s passing, as collectors aimed to secure pieces of history featuring her effigy, now replaced by that of King Charles III.
eBay Australia reported a staggering 190% increase in coin searches year-on-year, with Alaister Low, head of collectables, emphasising the dual appeal of owning historical coins and the thrill of discovering unique pieces.
Pang has found success with his venture, JiggyCoins, generating $500,000 in revenue last year, largely through the sale of rare $2 coins. Among the most sought-after coins is the 2012 Red Poppy Coin, commemorating Remembrance Day, which can sell for up to $350 due to its limited mintage of just 500,000 pieces.
Another notable coin is the 2013 Queen’s Coronation Coin, commemorating the 60th anniversary of the Queen’s coronation, with 1 million minted. While individuals can find these circulating coins for about $60 to $80, other popular designs like the 2022 Honey Bee coin and 2017 Rosemary Remembrance Day Coin also attract collectors. The Honey Bee coin, marking the 200th anniversary of the Australian Honey Bee industry, has a mintage of 2 million and has seen its market value hover between $8 to $15.
Additionally, Pang listed some recent significant sales on eBay, including special collector items like the 2016 Kimberley Sunrise 2oz Gold Proof High Relief Coin, fetching $19,500, alongside other gold proof coin sets selling for upwards of $14,600.
While rare collector coins may not circulate freely, Pang highlighted the potential for finding valuable coins by sifting through rolls or bags of change. He recounted finding a Red Poppy coin during his searches, suggesting dedicated enthusiasts might stumble upon rare examples as they indulge their collecting hobby.
In summary, coin collecting in Australia is thriving, with rising interest providing both a nostalgic connection to history and tangible investment opportunities for collectors.
