Could this coin be your ticket to fortune? This expert says otherwise
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In the fascinating world of coin collecting, a seemingly ordinary coin could be the ticket to a small fortune.
However, coin collectors with a keen eye could also spot a dupe when they see one.
Online listings showed a coin selling for a fortune, but before you start rummaging through your coin jar, there's a crucial reality check you need to read.
Several online sellers have been selling the 2020 Donation Dollar coins for high prices of up to $9,000.
The 2020 Donation Dollar coin encouraged Australians to give to charity.
With a striking green centre and a gold ripple effect, it symbolised the positive waves an act of charity can create.
The Royal Australian Mint minted one coin for every Australian to reflect its population.
The coin, despite its unique design and noble intentions, is not the rare treasure some sellers claim it to be.
Joel Kandiah, the coin expert behind The History of Money, debunked the myth of its rarity.
'They're a relatively common coin with 12.5 million minted in 2020 and 12.9 million minted in 2021,' Mr Kandiah said.
The Donation Dollar coin's value remains at $1.
So why are some of these coins listed for thousands of dollars online?
Mr Kandiah suggested some possibilities.
Some sellers might not have done their research and could be disappointed with the coin's actual value, hence selling them for a different price.
Another more worrying theory is that these listings engage in deceptive practices like money laundering.
For those who are keen on numismatics or simply looking for a valuable find, Mr Kandiah advised to deal only with reputable sellers.
'If unsure, see an ANDA (Australasian Numismatic Dealers Association) authorised dealer, and they will point you in the right direction,' Mr Kandiah added.
The Assistant Minister for Treasury, Competition and Charities, Dr Andrew Leigh, praised the Donation Dollar for its role in fostering generosity and connection among Australians.
The 'helper's high' that comes from giving became a phenomenon, and these coins have inspired an additional $55 million in charity.
The Royal Australian Mint CEO, Leigh Gordon, shared the broader impact of the Donation Dollar.
'The Donation Dollar is an example of where an innovation can inspire additional behaviours and the importance that cash can inject into the community,' Gordon said.
While that $1 coin might not make you richer, it holds a different kind of value.
Watch Mr Kandiah's explainer video here:
Source: @thehistoryof_money/Instagram
It's a reminder that even the smallest contributions could make a big difference.
As you go about your day, keep an eye out for the Donation Dollar and consider passing it on to someone in need.
It's a simple act that embodies the spirit of giving—something priceless and better compared to what people see online.
Have you come across a Donation Dollar in your pockets? Did you donate it, or have you kept it as a little treasure at home? Share your stories in the comments below!
However, coin collectors with a keen eye could also spot a dupe when they see one.
Online listings showed a coin selling for a fortune, but before you start rummaging through your coin jar, there's a crucial reality check you need to read.
Several online sellers have been selling the 2020 Donation Dollar coins for high prices of up to $9,000.
The 2020 Donation Dollar coin encouraged Australians to give to charity.
With a striking green centre and a gold ripple effect, it symbolised the positive waves an act of charity can create.
The Royal Australian Mint minted one coin for every Australian to reflect its population.
According to Mr Joel Kandiah, the 2020 Donation Dollar coins should have 25 million minted copies in circulation. Image Credit: Instagram/The History of Money
The coin, despite its unique design and noble intentions, is not the rare treasure some sellers claim it to be.
Joel Kandiah, the coin expert behind The History of Money, debunked the myth of its rarity.
'They're a relatively common coin with 12.5 million minted in 2020 and 12.9 million minted in 2021,' Mr Kandiah said.
The Donation Dollar coin's value remains at $1.
So why are some of these coins listed for thousands of dollars online?
Mr Kandiah suggested some possibilities.
Some sellers might not have done their research and could be disappointed with the coin's actual value, hence selling them for a different price.
Another more worrying theory is that these listings engage in deceptive practices like money laundering.
For those who are keen on numismatics or simply looking for a valuable find, Mr Kandiah advised to deal only with reputable sellers.
'If unsure, see an ANDA (Australasian Numismatic Dealers Association) authorised dealer, and they will point you in the right direction,' Mr Kandiah added.
The Assistant Minister for Treasury, Competition and Charities, Dr Andrew Leigh, praised the Donation Dollar for its role in fostering generosity and connection among Australians.
The 'helper's high' that comes from giving became a phenomenon, and these coins have inspired an additional $55 million in charity.
The Royal Australian Mint CEO, Leigh Gordon, shared the broader impact of the Donation Dollar.
'The Donation Dollar is an example of where an innovation can inspire additional behaviours and the importance that cash can inject into the community,' Gordon said.
While that $1 coin might not make you richer, it holds a different kind of value.
Watch Mr Kandiah's explainer video here:
Source: @thehistoryof_money/Instagram
It's a reminder that even the smallest contributions could make a big difference.
As you go about your day, keep an eye out for the Donation Dollar and consider passing it on to someone in need.
It's a simple act that embodies the spirit of giving—something priceless and better compared to what people see online.
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