What to do with copper coins in Australia

Copper coins are only considered legal tender in limited amounts up to 20c in value and can be exchanged with banks for face value. This means you can only use 10 2c coins or 20 1 cent coins in a transaction.

What can you do with old copper coins Australia?

What you can do is deposit worn and damaged coins with your bank for full face value. But if you have mutilated coins, your bank will require you to complete a Mutilated Coin Claim Form and your deposit will be forwarded to the Mint for processing.

Are Australian copper coins worth anything?

People regard them as curios and like to keep a few as souvenirs. They also appear on eBay, priced more optimistically. The going rate for a circulated 1¢ or 2¢ coin is $3 while those in mint (uncirculated) condition can be worth up to $15.

What can you do with old copper pennies?

Sell them on Craigslist or Ebay.
Some of them believe these stashes will be an asset when the economy collapses, some are waiting for federal laws to change to allow the melting of coins for recycling, and some of them just like old coins, but most will pay high dollar for small to moderate quantities of old pennies.

Where can I change my coins for cash for free Australia?

Take It to the Bank
Most banks now let you make instant coin deposits at select ATMs. In other words, there’s no need to line up and speak to a human bank clerk like it’s 1988. If you want spending cash for your wallet, you can also trade your coins for bank notes during your bank’s opening hours.

How do I sell my Australian coins?

If you want to sell your coins, you should contact a Professional Coin Distributor who will need to see the coin to assess its condition before giving you a valuation. Remember, knowledge about your coins will help you make a better judgement about whether you’re getting value for money.

What Australian coins are worth keeping?

Australian Dollar Coins that are Worth Money!

Mules. Mules are coins that are struck by coin dies that were not intended to be used together. …
1992 Mob of Roos Dollar Coin. The 1992 Mob of Roos dollar coin is the stuff of legends. …
Dollar Coins Struck on Wrong Planchets. …
2001 Centenary of Federation Upset Dollar Coins.

What to do with lots of coins?

Here are 10 ways to make those coins work for you.

Roll It Up. …
Open a Savings Account. …
Save for Holiday Gifts. …
Create a Vacation Fund. …
Teach Your Kids About Saving. …
Start a College Fund. …
Put It Toward Your Latte Fix. …
Donate to Charity.

Will banks take coins?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee.

Can you deposit coins at Auspost?

Australia Post advises there are no restrictions to the amount of cash and coin. Please be mindful though to give them warning of any unusual amounts you intend to deposit, such as if you have a fund raising event. They may apply a charge if unexpected large quantities are to be accepted.

How do you find out if my coins are worth anything?

There are three primary variables that help determine the value of a coin.

Initial Mintage Number. This refers to how many of the coins were originally minted and available in the market.
Coin Grade. The better condition your coin is in, the more valuable it can be.
Demand.

How much are $2 Australian notes worth?

A single $2 note (first prefix, numbered under 1000) is worth $3000. Also in demand are star notes. These are marked with a star, or asterisk to be correct, after the serial number.

Where can I value my coins?

Reputable coin dealers, Coin Auctions, eBay, and Price Guides are great places to start. If your coins are graded by one of the Top Tier grading services like PCGS or NGC, you can usually get a reasonable value estimate sight-unseen!

Is there an app to scan coins for value?

Coinoscope is a visual search engine for coins. Coinoscope makes coin recognition easy – just snap a picture of a coin with your phone camera and the app will show you a list of similar coins. Click on the coin to see additional information in the web browser of your phone.

Are old coins worth money?

Some of the rarest coins are worth hundreds, thousands, and even millions of dollars. Take, for example, the 1933 Saint-Gaudens double eagle, which saw a mintage of 445,500 pieces before Executive Order 6102 was ordered by President Franklin Delano Roosevelt.

What penny is worth $1000000?

1943 Lincoln penny

A 1943 Lincoln penny that soared in value because it was made from the “wrong” material reportedly has sold for $1 million. The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to UPI news agency. Texas Rangers co-chairman Bob R.

What coins are valuable in 2021?

PCGS Graded Top 8 of 10 Most Valuable U.S. Coins Sold in 2021

1933 Saint-Gaudens Double Eagle, PCGS MS65 – Sotheby’s, $18,872,250.
1787 $15 Wing Punch Brasher Doubloon, MS65 – Heritage Auctions, $9,360,000.
1822 Capped Bust Half Eagle, PCGS AU50 – Stack’s Bowers Galleries, $8,400,000.

What old coins should I keep?

14 valuable coins that could be hiding in your change

1894-S Barber dime.
1927-D Saint-Gaudens double eagle. …
1955 doubled die Lincoln penny. …
1879 $4 Gold Stella. …
2008-W silver eagle reverse of 2007. …
Sacagawea Cheerios dollar. …
2004 D Wisconsin quarter, Extra Leaf Low variety. …
1972 doubled die obverse Lincoln Memorial cent. eBay. …

What coins can make you rich?

Spare Change Can Really Make You Rich

1982 No Mint Mark Roosevelt Dime. Obviously, the 1982 No Mint Mark Roosevelt dime, has no mint mark. …
1995 Doubled Die Obverse Lincoln Cent. …
1943 Lincoln Copper Penny. …
2005 Speared Bison Jefferson Nickel. …
2005 Minnesota State Quarters with Extra Trees.