1998 $2 Mule ?

Thanks Shanew, I agree with you, I've had such a close look at it and I can not see it being fake, hopfully someone may know about them :-)

keep in mind the 2000 mule was taken as a fake and joke at one stage in its life skipppyrob

Hi I do not think that this is a mule in any way shape or form. What I think has caused this is a tilted strike of some sort and with the second rim appears to rise above the first one really supporting this. The difference between this and the 2000 $1 mule is exactly this the 2000 mule has a double rim but at no point does it rise above the original rim. This link provides a very good photo of the 2000 $1 mule to show this. Yeah as much as we would all like to believe it it is actually pretty much only worth face value. In terms of being on a different planchet is almost impossible as the metal is processed, refined and struck all within Australia notably we do strike coins for a select number of foreign nations but I do not believe many of them use cupronickel in the ratio we use it 75-25 and I believe none would use it with the diameter being barely larger than our two dollar.

To not ramble on but even if that were in some alternate universe it would be very improbbable that it would have managed to make its way on to a Australian $2 processing line.

Wrong size, wrong weight, I'd vote counterfeit - that's a far more likely possibility for a $2 coin than a wrong planchet.

It's very weakly struck. Where'd his eyes go?

That was my first thought in post number 3 if you care to read the whole thread.

Thank you all very much for the input, I do appreciate it :-). as for the reeded edge, yes it does have a reeded edge. I am inclined to agree that is could be a fake, my only reply to that is why the heck anyone would go through all that drama for something worth $2, makes no sense to me. (mind you, there are strange people out there as we all know). Again, many thanks to everyone who replied .

OMF
Are you sure that the metal for the $2 is refined/processed in Australia?
IIRC the one dollar uses the same alloy and a bimetal coin (foreign blank) turned up a few years ago because the blanks came from Korea. I assume that Korea also supplies the $2 blanks.

2 dollars is worth a fair bit - in fact the RAM finds 2 dollar coin the most profitable to strike and so do the counterfeiters. The cost of the metals if I remember correctly were worth less than 10 cents plus or minus and if you mass produce it, it can be profitable.

Bear in mind - I found a Chinese 1 yuan coin, face value worth mere 12 US cents which is a counterfeit. I don't see why a 2 dollar coin is not profitable.