Australians have been urged to keep a lookout for a $1 coin that will have a tiny mark on it that could see it worth far more than its face value. Coins can be worth a pretty penny depending on how many were minted each year or if there is a noticeable defect on it.
Back in 2019, a special edition of the $1 coin was released, with only a few thousand being minted. Coin collector Michael McCauley said you could pay for a night at a nice hotel if you stumbled across this coin.
“$249 to $295 if it’s got that envelope privy mark on the coin,” he said in a video.
Prices differ depending on where you look, with one site showing a recent sale of $275, another had a price tag of $399, while an eBay listing was asking for $599.95.
There were two versions of this coin released six years ago.
The 2019 $1 Coin Hunt A Envelope Privy featured Elizabeth II on the obverse, while the reverse had an Australia Post worker on a bicycle. It also included a small envelope next to the A.
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It was designed to celebrate 25 years since Australia Post released its first such cover in 1994.
There were 7,500 to 14,500 minted in this set, which was designed for collectors and came in a special pouch.
Sterling Currency said it was a highly prized coin to find and was part of a much wider collection issued by the Mint.
“This was the coin everyone was looking for in the Coin Hunt sets,” the site said.
“A very small number of the ‘A for Australia Post’ coins had an envelope privy mark added to them and were randomly inserted into some of the sets sold, as well as in a PNC (Postal Numismatic Covers) that was released at the same time.”
The Mint released a set of $1 coins that featured every letter of the alphabet depicting a uniquely Australian object, word, place or name.
It was called the Great Australian Coin Hunt, and Australia Post nabbed the letter A because of its iconic history in the country.
The Royal Australian Mint also released more than half a million of the A $1 coins without the envelope privy mark.
They are worth much less compared to their privy mark counterparts, with recent sale prices of $2.50 to $8.
If you wanted to fill your collection of the 26 coins in the Great Australian Coin Hunt, you would have to find the following:
Source: Tiny detail makes rare $1 coin worth nearly $300
