Rare Australian 50c coin goes for far more than face value but the amount will shock you

Publish date: 2024-07-17

A rare Australian coin that hasn't been minted for more than five decades has soared in value, but perhaps not as much as you'd expect.

Fifty cent coins were round when they were first introduced in Australia in 1966 and were made from 80 per cent silver and 20 per cent copper.

The design was changed in 1969 because it was too often confused with the 20c coin.

A Sydney woman asked members of a Facebook group dedicated to Australian artefacts on Monday to estimate the worth of her round 50c coin.

'These are worth more than 50 cents right? It’s from 1966,' she wrote.

A woman posted an image (pictured) of her rare round 50c coin on Facebook to find out how much the collectable was worth

Coin enthusiasts were quick to offer their varying assessments on its worth, with most guessing between $8 and $15 dollars.

'Dealers will give you $8 or so for them or charge you $11 or thereabouts unless in extremely fine or mint condition,' one person wrote.

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Someone added: 'Ten dollars each is a fair price..'

'Just the silver in it is worth $8.73 at the moment. Actual value from $50 to $200 depending on condition,' another comment read.

The dodecagon coin was introduced in 1969 to avoid confusion with the similar-shaped 20c piece

One man said: 'Their weight in silver is what they are worth unless in minted condition.'

According to the current silver exchange rate of $26.15, the coin is worth $11.65 AUD.

Despite the value of silver, sellers can set the price of the shrapel at their own discretion.

The 1966 Round 50c Coin, which weighs 13.28 grams, is sold at coin shops, mints, and on eBay for prices ranging from around $9 to $15.50 per coin.

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