Mule Coin Found By Mother Worth Up To $3,000
Melbourne mother Tanya found a $1 coin that is now worth up to $3,000 and shared the picture of the coin on her Melbourne WithKidz Facebook page. The Melbourne mother had no clue she was sitting on a very cheap goldmine. She shared the story of the coin which is known as a mule and is worth more than what is printed on it.
She shared “Check your change and empty out the kids piggy bank! You could be sitting on a winner!” she explained why the coin was referred as a mule and how due to manufacturing irregularities the use of the coin was stopped after it came into notice after 1-2 years. The coin was released for circulation by mistake after the incorrect obverse die (heads side) was printed by mistake.
She explained that a Mule Coin is “a small number of the year 2000 $1 dollar coins that had been minted using the incorrect obverse die (heads side) and released into circulation by mistake and only discovered a year or two later.”
She further shared “Royal Australian Mint accidentally minted the coins using the smaller 10 cent obverse die (head side) by mistake. With just a 1.4 millimetre difference in diameter between the 10 cent and $1 coin you can clearly see a double rim circle going around the edges of the coin. These errors are worth anywhere from $500 to $3,000!”
Mule coins are worth a fortune depending on the condition they are in and how they are preserved. If the condition of the mule coin is good and the period to which it belongs is very old one can exchange it with a good amount of money.
Fewer scratches and the clearer the coin is a sign of good money. Though one cannot guess the difference between a regular coin and a mule coin in a jar when observed one can see the difference.
Drake Sterling lists various kinds of mule coins ranging from different periods worth $3,000 and more. The mule coins in a good condition can very easily give you a good vacation. This particular mule coin had very few scratches on it thus is worth up to $3,000 or even more. So make sure you check your coins carefully.