The Aussie Dollar Mule
The Aussie dollar mule is not a donkey going cheap; coin collectors would realise that. In coin collecting terminology a mule is a coin that was accidentally minted using an incorrect die. An example of this is the famous mistake made in the year 2000 by the Australian Mint. It minted an Aussie dollar coin with a mob of roos on one side, but the other side was minted with the Australian 10 cent obverse die.
Most of these Aussie dollar coins ended up in Perth, but the mistake went undetected for two years because the size of the coins was almost the same. Once the truth came out, collectors went into a mad frenzy of hunting for these Aussie dollars, which were worth around $500. Many were found some people managed to find one or two every day. But there are still some rare Aussie dollars out there for those with a good eye to find. And while they are now a bit tattered with use, they do still bring around $300-$400, so they are worth looking out for. In fact one was found in 2008.
For those who dont know what this rare Aussie dollar coin looks like, it has the usual mob of roos on one side while the other side has the queens head and the date of 2000. It has a fairly obvious double rim all around the edge of the obverse side. This is not always even, due to the die being smaller. Some are off-centre and these do not fetch as big a price. Coin collecting books claim that there were only around 400 of these Aussie dollar coins minted that year, however many collectors found up to 200 coins each and informal data suggests there were more like 7000-8000.
About the Author
Mel loves shopping and writes about aussie dollar among other business related topics.
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