Discover the worth of these new $2 coloured coin collection by the Royal Australian Mint
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For coin collectors across the nation, this bit of news is sure to excite and delight.
The Royal Australian Mint (RAM) has recently unveiled a stunning new collection of $2 coloured coins, and the buzz around them is palpable.
The 35th Anniversary of the Two Dollar Coin set has already seen its value nearly triple due to an overwhelming demand from collectors and enthusiasts alike.
The collection, which is comprised of 14 vibrantly coloured coins, includes the highly sought-after $2 Red Poppy coin.
The release of this set has excited coin collectors, as thousands were seen queuing up outside the Royal Australian Mint in Canberra on the early morning of December 7.
A video captured by social media user @coincryptobrad showed the extent of the excitement and anticipation surrounding this release.
Esteemed numismatist Joel Kandiah, known as @TheHistoryOfMoney online, has also been closely following the release and its aftermath.
He expressed that the Australian coin market has never witnessed such a surge in demand.
The $235 set is already being resold on various buy-and-sell platforms for as much as $630, a testament to its skyrocketing popularity.
'This year marks the 35th anniversary of the $2 coin entering circulation. It has been the most innovative of our coins with more than 50 coloured commemoratives [being] issued into circulation since 2012,' Kandiah said.
'The RAM [is] celebrating this occasion by re-minting some of those unique designs such as the 2012 Red Poppy and the award-winning 2022 Honey Bee coins.'
'There have been murmurings of this release for quite a few months since it appeared in the currency determination legislation, but it was only officially revealed last week.'
The anticipation for this release has been building for months, but the furore that followed its launch was unexpected.
'No, not at all. This is by far the biggest demand for a RAM product,' Kandiah claimed.
'Bigger than last year’s 2022 Red Poppy release.'
The popularity is also fuelled by the expectation that the sets will significantly increase in value.
Kandiah explained, 'There is a lot of hype because the RAM released a similar 12-coin set in 2018 for the 30th anniversary.'
'That folder is now worth $800, so people are hoping the same will happen with this new set.'
The set's unique features have also caught the attention of collectors.
'What’s unique is that whilst the designs are previous commemoratives, including the red poppy, all coins will be dated 2023 and will have the memorial obverse of the Queen,' Kandiah said.
'It is very likely that these will be the last $2 coins with the Queen on them!'
The Royal Australian Mint has advised that the new 35th Anniversary of the Two Dollar Coin set is only being sold through specific suppliers:
Members, what are your thoughts on the rising value of these coins? Let us know in the comments below.
The Royal Australian Mint (RAM) has recently unveiled a stunning new collection of $2 coloured coins, and the buzz around them is palpable.
The 35th Anniversary of the Two Dollar Coin set has already seen its value nearly triple due to an overwhelming demand from collectors and enthusiasts alike.
The collection, which is comprised of 14 vibrantly coloured coins, includes the highly sought-after $2 Red Poppy coin.
Thousands queue up for the latest release of the Royal Australian Mint in Canberra. Image source: TikTok/@coincryptobrad.
The release of this set has excited coin collectors, as thousands were seen queuing up outside the Royal Australian Mint in Canberra on the early morning of December 7.
A video captured by social media user @coincryptobrad showed the extent of the excitement and anticipation surrounding this release.
Esteemed numismatist Joel Kandiah, known as @TheHistoryOfMoney online, has also been closely following the release and its aftermath.
He expressed that the Australian coin market has never witnessed such a surge in demand.
The $235 set is already being resold on various buy-and-sell platforms for as much as $630, a testament to its skyrocketing popularity.
The Royal Australian Mint released its 2023 Fourteen-Coin Collection for the 35th anniversary of the $2 coin. Image source: Royal Australian Mint.
'This year marks the 35th anniversary of the $2 coin entering circulation. It has been the most innovative of our coins with more than 50 coloured commemoratives [being] issued into circulation since 2012,' Kandiah said.
'The RAM [is] celebrating this occasion by re-minting some of those unique designs such as the 2012 Red Poppy and the award-winning 2022 Honey Bee coins.'
'There have been murmurings of this release for quite a few months since it appeared in the currency determination legislation, but it was only officially revealed last week.'
The anticipation for this release has been building for months, but the furore that followed its launch was unexpected.
'No, not at all. This is by far the biggest demand for a RAM product,' Kandiah claimed.
'Bigger than last year’s 2022 Red Poppy release.'
The popularity is also fuelled by the expectation that the sets will significantly increase in value.
Kandiah explained, 'There is a lot of hype because the RAM released a similar 12-coin set in 2018 for the 30th anniversary.'
'That folder is now worth $800, so people are hoping the same will happen with this new set.'
The set's unique features have also caught the attention of collectors.
'What’s unique is that whilst the designs are previous commemoratives, including the red poppy, all coins will be dated 2023 and will have the memorial obverse of the Queen,' Kandiah said.
'It is very likely that these will be the last $2 coins with the Queen on them!'
The Royal Australian Mint has advised that the new 35th Anniversary of the Two Dollar Coin set is only being sold through specific suppliers:
- The Royal Australian Mint Call Centre (1300 652 020)
- The Royal Australian Mint On-site Coin Shop
- Authorised Distributors: Australian Coin Distributors | Royal Australian Mint
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