Red Poppy Coin Maintains Value Among Australian Collectors
The 2012 Red Poppy coin remains highly valued among Australian coin collectors, fetching between $200 to $300, while caution is advised for other coloured coins.
The 2012 Red Poppy coin was the first coloured circulating coin released by the Royal Australian Mint. Coin expert Matthew Thompson told Yahoo Finance that the coin, commemorating Remembrance Day, remains one of the most valuable coloured $2 coins available.
"At the moment, the standard issue ones are going for something around $200 to $300, which is a lot more than the original $10 issue price from the RSLs," stated the director of Thompsons Coins and Collectables.
The $2 coin features a red poppy flower at its centre and was released in the lead-up to Remembrance Day through the RSL Red Poppy Appeal. Only half a million of these coins were minted, making them a rare find.
The 2013 Queen's Coronation coin was the second coloured coin created by the Mint and is also a valuable collectible. This purple-striped coin commemorates the 60th anniversary of Queen Elizabeth II's Coronation and features St Edward's Crown in its centre.
A million of the Queen's Coronation coins were produced, making both the Queen's and the Red Poppy coins the lowest minted coloured circulating coins in Australian history. According to Thompson, "That one is around about that $50 to $100 mark." He added, "If you find the C Mintmark version, which indicates it was minted in Canberra, that one is still selling for over $500."
However, not all coloured coins are valued highly. Thompson cautioned collectors against buying into "hyped" coins for quick profits. He noted that recently released coloured $2 coins for the Australian Open saw some prices soar online, with rarer Privy Mark versions selling for as much as $155 on eBay.
He suggested, "I'm not sure how much longevity a theme like that has for collectors." He concluded that among the $2 coin market, the ones with lasting value are those like the Red Poppy Coin, which resonates with a broader audience due to its Anzac war theme.
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