King Charles Australian $1 coin sold out within hours for $130 at Perth Mint
Aussies have rushed at the chance to get their hands on a limited edition $1 coin sporting the face of King Charles III.
Aussies have rushed at the chance to get their hands on a limited edition $1 coin sporting the face of King Charles III.
The small batch of coins, with a sale price of $130, sold out within hours of the Perth Mint opening its doors on Monday.
To the right collectors, these coins could no doubt be sold on for a much higher price.
The $1 dollar coin – which is made from 99.99 per cent pure silver – is the first Perth-released coin featuring the effigy of King Charles III.
Earlier this year, the Perth Mint advertised the sale was taking place to give Australians the chance to prepare for it.
“These highly sought after coins will be released online and available in-store from 15 January,” the mint posted on its social channels.
They said their gates – both online and physically – would open at 9am.
“We anticipate high demand,” they added - and they were right. Demand for the coin crashed the mint’s website and saw at least 100 people queue up outside the East Perth headquarters as early as Sunday night, the West Australian reports.
The coins are part of the Perth mint’s “signature” Australian kangaroo series, with the other side displaying a “classic reverse artistry portraying a bounding kangaroo surrounded by stylised rays of sunlight”.
The batch had a “limited” production, with only 7500 of the coins in existence.
“Charles is the sixth monarch to appear on the hundreds of millions of coins we have struck over the past 125 years,” general manager of minted products Neil Vance told 9News.
It comes as last month, news.com.au reported that there were huge queues as Aussies grappled with their chance to obtain a limited-edition, 35th anniversary $2 coin set from the Royal Australian Mint, based in Canberra.
An avid coin collector drove 2.5 hours and queued up in a line for an entire night to get his hands on the rare $2 set.
He spent $235 to buy the coin but claimed these rare coins were then sold online for up to $1500.
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