Money expert reveals the $2 coins that could be worth HUNDREDS of dollars!

Money expert reveals the $2 coins that could be worth HUNDREDS of dollars!
Last year, we shared a story about how your loose change could be worth a fortune.

For those of you who failed to find some of the valuable coins and banknotes mentioned by money expert Joel Kandiah in his previous TikTok videos, don't go spending all your loose change, the TikTok user has revealed another valuable coin that could be worth hundreds of dollars.

Joel, who posts under the username @TheHistoryOfMoney, revealed in a recent TikTok video how a $2 coin could potentially be valued at $200.



Credit: TikTok/@TheHistoryOfMoney


“The 2012 red poppy currently has a value of $180,” Joel says.

“Due to its high value, people have been trying to make imitations and sell them on the market.”

The commerce teacher then gave a piece of advice on how to spot a fake version of the coin, comparing the real coin to a standard copy.

Joel explains: “As you can see here, they are relatively poor quality, using nail polish on existing gold poppy coins.”

“A general red poppy has a clean design and should be flat, not raised. Make sure you understand the difference between a real and a fake one.”

The video, which amassed more than 470,000 views, took the TikTok community by storm, with many users expressing their disappointment for not realising the value of the coin and “wasting it” on tiny treats.

dRtioUzPzSOhB2QtcXZLe7-Iq91_wvq_X2pHO59AsNMnNccLZBzZoe7cB91wIYi15KWksRiOCUwQZGOnxwwVk42kd8qe0PWmQ_QlYoc-mZz_6sP5h0shdimZ3Tdd4KzoctyV33c

Joel warned against forking out money as authorities could find you up to $5000 for defaced money. Credit: TikTok/@TheHistoryOfMoney.

If you find one of these coins in your loose change, Joel advises that you should sell them on eBay or seek a dealer who will purchase the coins from you.

However, in any case that you find a defaced coin, report it immediately to the authorities as Australians can be fined up to $5000 if caught selling or possessing defaced money.

Happy coin hunting!
 
Sponsored

Join the conversation

News, deals, games, and bargains for Aussies over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, the club is all about helping you make your money go further.

Seniors Discount Club

The SDC searches for the best deals, discounts, and bargains for Aussies over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, the club is all about helping you make your money go further.
  1. New members
  2. Jokes & fun
  3. Photography
  4. Nostalgia / Yesterday's Australia
  5. Food and Lifestyle
  6. Money Saving Hacks
  7. Offtopic / Everything else

Latest Articles

  • We believe that retirement should be a time to relax and enjoy life, not worry about money. That's why we're here to help our members make the most of their retirement years. If you're over 60 and looking for ways to save money, connect with others, and have a laugh, we’d love to have you aboard.
  • Advertise with us

User Menu

Enjoyed Reading our Story?

  • Share this forum to your loved ones.
Change Weather Postcode×
Change Petrol Postcode×