Latest news with #10centcoin
Yahoo
17-06-2025
- Business
- Yahoo
Rare 10 cent coin worth up to 70 times more: 'Keep your eyes out for this'
Australians rifling through their spare change have been urged to "keep their eyes out" for a 10 cent coin that can be worth a decent amount of money. Coins can fetch a pretty price at auction if they're particularly rare or if there was an error during the minting process. This is the case for the 2019 10c coin, as it had a rare deviation from the normal portrait used for Queen Elizabeth II. Coin expert Michael McCauley said they can be tricky to find due to its low mintage rate. "They didn't make many of these coins and for that reason, coin collectors pay more than 10 cents... in fact, they pay between $1.30 and $7 currently for them," he said. 'Extremely rare' 10 cent coin worth up to $3,300 Gen Z worker reveals $4,732 cost-of-living drain facing millions FIFO worker on $250,000 reveals how Aussies can get into mining industry Paying up to 70 times more than face value is due to only two million of these coins being minted in 2019. While that might sound like a lot, it pales in comparison to mintage rates of other years. The Royal Australian Mint produced a whopping 22.8 million 10 cent coins in 2021 alone, along with 23.2 million the year revealed the 10 cent coin very rarely deviates in its design for the obverse side showing the reigning monarch. However, in 2019, Jody Clark redesigned the portrait of Her Majesty to have the Victorian Coronation Necklace. You can also see a tiny JC imprinted onto the side of the portrait on the coin to honour Clark's work. According to collection website Numista, this version of the 10 cent coin was issued in bags of 20 at Royal Australian Mint pop-up shops across the country in 2019. It was also available in regular coins and Aussies might have stumbled across it in their spare change. Getting $7 off a 10 cent coin might sound like a huge win, but you can get even more money out of some 10c coins. There were only 1.7 million standard-issue 10 cent coins minted in 2011, and they can fetch upwards of $50 at auction. 'Don't sleep on the 10 cent coins. One of the best ones to look for are the 2011 standard issue 10 cent coins,' McCauley said. "[It's] the lowest mintage 10 cent coin that was produced for circulation.' Other low-mintage 10 cent coins include 1985 coins, which had a mintage of 2 million. Aside from that, Downies Collectables said it can be worth looking out for collector coins from 1976, 1987, 1995, 1996 and 2003. The Royal Mint did not issue standard 10 cent coins during these years so any coins you find with those dates would be from mint sets. There's an extremely rare 10 cent piece known as the 'double lyrebird' because it doesn't have a portrait of the Queen on it due to a mintage error. That can fetch up to $3,300 if you are lucky enough to get your hands on in retrieving data Sign in to access your portfolio Error in retrieving data
RNZ News
29-05-2025
- Business
- RNZ News
When will we see King Charles on our currency?
Samples of the 10 cent coin with the new 'heads' image of King Charles III are quality checked before production. Photo: Supplied/RBNZ It will be several years before currency bearing the image of King Charles III comes into circulation. The new 10 cent coin featuring King Charles will be released in 2027, with the rest of the coins to follow around 2029. Reserve Bank director of money and cash Ian Woolford told Morning Report the wait was partly due to the King's antipathy to waste. Buckingham Palace made it "fairly clear to us that the King didn't want to see waste", he said. "We need to hold a decent inventory to met the currency needs of the public, so we hold quite a lot of ten cent coins with the Queen's face on it," Woolford said. "Rather than destroy those coins, they'll continue to be issued and continue to circulate, and when we do issue the King's coins we won't destroy the Queen's coins, they'll circulate side by side." He said the other reason is the complex process, which included liaising with the palace, testing and getting production scheduled at a mint. "There's actually more science than art to things like bank notes and coins." Woolford said, contrary to popular belief, there's more cash in circulation than ever. "It's a bit of a myth that no one uses cash anymore." he said. "There's more cash in circulation than there's ever been, it's sort of doubled over the past ten years." While there's less cash used as a proportion of all transactions, surveys and StatsNZ data, showed "a bit of a turn around - the high users of cash are using it more and more". New Zealand's coins of King Charles would use an image the Royal Mint created for Commonwealth countries. New Zealand could have chosen to have our own image created, but it would have required sign off from Buckingham Palace regardless, Woolford said. The coins, which will be minted in Canada, would have the same physical characteristics as those featuring Queen Elizabeth II, but he will face to the left, as convention dictates new sovereigns face the opposite way than their predecessors. Queen Elizabeth II has appeared on the "heads" side of New Zealand coins since 1953, but did not appear on banknotes until 1967, when the Reserve Bank printed its third series of banknotes, this time decimal currency. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
29-05-2025
- Business
- RNZ News
King Charles to be on NZ money from 2027
Big changes are coming to New Zealand's money as the Reserve Bank revealed photos of the new 10 cent coin that features the effigy of King Charles the third. The Reserve Bank's director of money and cash Ian Woolford spoke to Paddy Gower. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
