A rare coin from 2016 is catching the attention of collectors due to its unusual minting error, making it highly valuable. For coin enthusiasts, finding rare treasures in everyday change is part of the thrill. A unique 5-cent Australian coin minted in 2016 has become a hot topic among collectors, thanks to a rare error known as the “Alien” die clash. This coin, now highly sought after, could fetch up to $4,000 depending on its condition.
Why Is It So Special?
The 2016 “Alien” coin earned its nickname from an unusual minting error. The echidna design on the reverse side accidentally created two small antennae-like marks, giving the coin its extraterrestrial appearance. According to Douglas McRostie, co-founder of Coinxchange, the rarity of this error adds to its allure.
“Only about 10 of these coins have been found so far,” McRostie said. “We don’t know exactly how many exist, but they’re very hard to come by and incredibly desirable among collectors.”
How Much Is It Worth?
Uncirculated versions of the 2016 “Alien” coin can sell for as much as $4,000. Even circulated coins, which show signs of wear and tear, can fetch up to $1,000. The Royal Australian Mint reportedly produced only 5,000 rolls of these coins, making them even scarcer.
The Hunt for Rare Coins
Collectors are taking creative approaches to find these valuable coins. Some, like McRostie, purchase rolls of uncirculated coins from platforms like eBay or Facebook groups. These rolls, which typically have a face value of $2, are sold at higher prices due to their potential value.
“We bought a couple of rolls just to see if any had the minting error,” McRostie explained. “It’s a bit of a gamble, but the possibility of finding one makes it worth it.”
For those wanting to try their luck, visiting your local bank might be the easiest way to start. By purchasing a roll of 5-cent coins at face value, you could stumble upon a rare find.
Building a Collection
Searching for rare coins has become a popular hobby for many Australians. Whether it’s hunting for commemorative coins or spotting minting errors like the “Alien,” the process is both fun and potentially profitable.
“You don’t need to spend a lot to get started,” McRostie said. “It’s a great way to learn about history and maybe even make some money along the way.”
Final Thoughts
If you’re someone who enjoys treasure hunts, searching for rare coins could be your next big adventure. With the possibility of turning a simple 5-cent coin into thousands of dollars, this hobby combines the thrill of discovery with the potential for financial gain.
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Premlata is a seasoned finance writer with a keen eye for unraveling complex global financial systems. From government benefits to energy rebates and recruitment trends, she empowers readers with actionable insights and clarity. When she’s not crafting impactful articles, you can find her sharing her expertise on LinkedIn or connecting via email at biswaspremlata@gmail.com.
