How to Make Money Investing in Australian Coins

Collecting coins can be a very lucrative form of investment, with Australia providing the best performers. However, you need to know how to make money with Australian coins.

Coins, like other forms of investments, only return a profit only when they are sold, but unlike other areas such as real estate, they do not incur any costs during their ownership. Also, their size means that you don’t have to worry about dragging bulky assets around; you can carry a considerable amount hassle free.

Similar to other currencies, some coins are more valuable than others, so if you want to view Australian coins as more than just a collection, you will need to know what coins to go for.

The most valuable coins Australia has produced have generally been the pre-decimal Commonwealth coins. These were minted between 1910 and 1964. A notable exception is the 1930 Australian penny. This is a very rare coin and as such, if in excellent condition can reach prices of up to $200,000. Even less than perfect copies can reach five figure sums.

Other coins to look out for are the 1855, 1856 and 1858 Sovereigns; the shilling minted in 1933, the 1925 penny and the 1923 halfpenny. These can reach prices of over $5,000. The tricks to finding these valuable coins at low prices and then reselling them for a profit is a lot easier than you think. These tricks or techniques, if put into practice properly, can turn your hobby into a lucrative business.

Australia have not stopped minting valuable coins, they are still producing them. For example, there is the Kangaroo coin, which is produced every year and can be up to 99% gold. They are legal tender but are unique in that few Australian coins are produced from bullion.

Kookaburra coins made from silver are produced annually with a different design every year. Like the Kangaroo coins they are legal tender and are minted to a very high standard. Knowing how to make money with Australian coins isn’t very difficult and if chosen wisely can be a very lucrative way of making a profit.