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Very Rare Coin In Change. What To Do With It?

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Australia
2 Posts
 Posted 10/02/2013  05:52 am Show Profile   Bookmark this topic Add Rain101 to your friends list Get a Link to this Message Number of Subscribers
Hi,

I found a 2012 $15 coin in a parking meter. It's smaller than a 5 cent piece. It's legal tender but I decided not to spend it because I've never seen one before. I looked it up online and apparently the coin is a not circulated coin so I don't understand why it was in the parking meter. Isn't it like a collector coin? What should I do with it?

Rain.
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trout1105's Avatar
Australia
7096 Posts
 Posted 10/02/2013  06:01 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

a picture would assist in letting you know what this is
Formerly nancyc
Nevol's Avatar
Australia
5385 Posts
 Posted 10/02/2013  06:42 am  Show Profile   Bookmark this reply Add Nevol to your friends list Get a Link to this Reply
Sounds like you might have either a 1/10th oz Gold or Platinum coin and if that's the case it could be worth around the $3oo mark.

Any chance of some pictures or at least a description of both sides?
life is a mystery to be lived not a problem to be solved
New Member
Australia
2 Posts
 Posted 10/02/2013  06:53 am  Show Profile   Bookmark this reply Add Rain101 to your friends list Get a Link to this Reply
Hey. Sorry I gave it to a friend. He said it wanted to take it to a collector shop to find out what to do with it. He said he will bring it back in a few days. It has a kangaroo on the back and is made of gold is has 9999 on it. Oh and it's also a 1/4 oz 2011 not 2012.
Edited by Rain101
10/02/2013 07:05 am
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trout1105's Avatar
Australia
7096 Posts
 Posted 10/02/2013  07:26 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
I cannot think of a $15 coin off hand but a quarter ounce coin would be a similar size to a Sovereign and they are about dollar coin size
Edited by trout1105
10/02/2013 07:38 am
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Sap's Avatar
Australia
16806 Posts
 Posted 10/02/2013  08:08 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
The 2012 $15 coin with a kangaroo on it is a gold 1/10th ounce kangaroo from the Perth Mint. The NGC database page does not have a picture but the description matches.

You could, technically, spend it as it is legal tender. However, you would be foolish to do so; not only because you would have trouble convincing anyone (even the banks) it was genuine, but its gold content is worth significantly more than $15. With the current gold price it's worth AU$138.

If it's been jammed into a parking meter, it's likely to have been damaged; .9999 fine gold is quite soft. So if it was the collector proof version of the coin (I do not know if "bullion-grade" quantities of this coin were made), it probably isn't worth much of a premium any more.

And before you decide to simply sell the coin and pocket your windfall, consider calling in at your local police station to see if anyone nearby has reported a stolen coin collection. The only reason I can think of why someone would try to do this is if a thief stole a collection of coins and tried to spend them, not knowing he had gold coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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serial's Avatar
Australia
539 Posts
 Posted 10/03/2013  08:13 am  Show Profile   Bookmark this reply Add serial to your friends list Get a Link to this Reply
am I the only one here whos bulls**t meter is going off?
pics or it didn't happen
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awildeheart's Avatar
Australia
295 Posts
 Posted 10/08/2013  11:33 am  Show Profile   Bookmark this reply Add awildeheart to your friends list Get a Link to this Reply
Sap, is this the coin you were describing?

http://www.perthmint.com.au/catalog...ld-coin.aspx
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vermontensium's Avatar
United States
16677 Posts
 Posted 10/08/2013  5:03 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Wow! Nice score.
swcoin.ecrater.com
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giorgio11's Avatar
United States
406 Posts
 Posted 10/08/2013  5:30 pm  Show Profile   Bookmark this reply Add giorgio11 to your friends list Get a Link to this Reply
Stranger things have happened. I once found a circulated 1970-S 40% silver Kennedy half in a slot machine in Las Vegas. But I still lost money ...
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triggersmob's Avatar
Australia
9352 Posts
 Posted 10/08/2013  6:23 pm  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
Sap, is this the coin you were describing?

http://www.perthmint.com.au/catalog...ld-coin.aspx


That coin is about 1/60 of an ounce from memory and only a $2 coin.

Steve
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Sap's Avatar
Australia
16806 Posts
 Posted 10/09/2013  01:02 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
Sap, is this the coin you were describing?

No, this one on ebay is. At 16.6mm diameter, it's still smaller than a 5ยข.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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arianzo's Avatar
Canada
2124 Posts
 Posted 11/06/2013  6:37 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
So? It seems the friend disappeared with the coin ...
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