Are Australian 1 And 2 Cent Coins Worth Anything?

Which Australian coins are worth money?

Five Rare Australian Coins that are Worth Money2007 Double Obverse (Head) 5 Cent Coin.A Valuable Mule Dollar Found in Change.Wavy Baseline (Left), Regular Coin (Right)Australia 2010 Upset 50c.Year 2000 Incuse Milennium 50 Cent..

How rare is a 2 cent coin?

David Bowers’ United States Copper Coins, “the rarest date in the 2-cent series is the Proof-only 1873. Rare varieties within the series include the 1864 with small motto, the 1867 with in god we trust doubled, and the very rare 1869/8 overdate.

What can you do with 1 cent coins?

To help you combat the penny problem, here are some strategies for spending them, plus ways to put them to creative use.DEPOSIT THEM AT THE BANK. … TAKE THEM TO A COINSTAR MACHINE. … MAKE A COLD COMPRESS. … CREATE DIY DRAPERY WEIGHTS. … SEPARATE THEM INTO DENOMINATIONS BEFOREHAND TO MAKE SHOPPING EASY. … DECORATE YOUR FLOORS …More items…

Are any Australian 50 cent coins valuable?

2000 ‘incuse flag’ 50 cent coin The 50 cent ‘millennium’ coin is one of the hardest errors to spot and is also known as the ‘incuse flag millennium’ coin. … It’s believed that there are only around 200,000 of these coins in public with a value of around $50.

What is the rarest coin in Australia?

The 1930 penny is one of the rarest Australian coins, due to a very small number being minted and holds the record as the most valuable copper penny in the world. It is highly sought after by coin collectors, and a 1930 penny in very fine condition can be worth A$45,000 or more.

What year 50 cent pieces are worth the most money?

It is rare to see a half dollar in circulation today (not that the coins themselves are rare). It is worth mentioning that all circulation strike Kennedy half dollars from 1971 and later are just worth their face value of 50 cents.

How much is a round 50 cent Australian coin worth?

The 1966 Round 50c Coin, which weighs 13.28 grams, is sold at coin shops, mints, and on eBay for prices ranging from around $9 to $15.50 per coin.

Do Australian banks still accept 1 and 2 cent coins?

Yes, 1c and 2c pieces are still Australian legal tender, but they are not considered as ‘currency’ (or, money that is officially released for circulation). This means that you can take your old 1c and 2c coins to the bank and exchange them for currency totalling the same face value.

When did they stop using 1 and 2 cent coins?

February 1992″… 1c and 2c coins will continue to be legal tender: they can still be used to purchase goods and can be deposited with financial institutions in the normal manner.” Both coins were withdrawn from circulation commencing in February 1992.

However although transactions are to be in Australian currency unless otherwise agreed or specified, and Australian currency has legal tender status, Australian banknotes and coins do not necessarily have to be used in transactions and refusal to accept payment in legal tender banknotes and coins is not unlawful.

What are 2 cent coins worth?

Two Cent Coin Values Are RisingDATEGOODUNCIRCULATED1864 2-Cent (Small Motto)$225$1,0001864 2-Cent (Large Motto)$15$801865 2-Cent$15$801866 2-Cent$19$807 more rows

What is the most valuable coin in Australia?

Proof 1930 Penny18 March 2019 – South Yarra rare coin dealer, Coinworks, has just sold the Proof 1930 Penny to a Sydney collector for $1.15 million. The sale establishes a new price record for an Australian coin and reaffirms the standing of the Proof 1930 Penny as Australia’s most valuable coin and the world’s most valuable penny.

Is a penny 1 cent?

The penny is the United States’ one-cent coin. Every penny you’ve ever spent probably had Abraham Lincoln on it. He’s been on the front (obverse) of the penny since 1909!

What year of coins are worth money?

1932-1964 silver quarter Between 1932 and 1964, quarters were 90% silver and 10% copper. These silver quarters look like any pre-state quarter 25-cent piece, but are worth a lot more if they’re in the right condition.

What do 1 and 2 cent coins do?

This means that you can take your old 1-cent and 2-cent coins to the bank and exchange them for currency totalling the same face value.

Fifty Cents 1966 (round, silver), Coin from Australia – detailed information. The 50 cent coin was first introduced with decimalisation on 14 February 1966. … The composition of the 1966 coins is 80% silver and 20% copper (0.3394 ASW). They are still legal tender, although in practice they do not circulate.

Which Australian $2 coins are valuable?

4 Rare Australian 2 Dollar Coins2013 Purple Stripe Coronation 2 Dollar Coin. … 2012 Remembrance Day Red Poppy $2 Coin. … 2008 or 2009 Double Struck 2 Dollar Coins. … 1988 or 1989 2 Dollar Coins with HH Stamped on them.

Is it illegal to throw away money Australia?

It is a criminal offence under the Crimes (Currency) Act 1981 (Cth) to deface or destroy current Australian currency coins. … The penalty for defacing coins, or selling or possessing money that has been defaced, is $5,000 or imprisonment for two years for an individual (or both), and $10,000 for a body corporate.