Are you rummaging through your spare change, hoping to stumble upon a hidden treasure? You might be surprised to know that a rare 50 cent coin, minted in 1985, could be worth a staggering $40. This ordinary-looking coin is a gem among collectors, and we’ll dive into what makes it so special.
The Story Behind the 1985 50 Cent Coin
In 1985, only 1 million of these coins were minted, making them a rare and valuable find. The coin features a new effigy of the late Queen Elizabeth II, designed by Raphael Maklouf, which was the second portrait of the Queen to be featured on Australian 50 cent coins. This unique design, combined with the low mintage, has driven up the value of this coin.
What Makes the 1985 50 Cent Coin So Valuable?
According to Victorian coin collector Michael McCauley, the 1985 50 cent coin can sell for between $15 to $40 each. This is a significant increase from its face value, making it a highly sought-after coin among collectors. Coin expert Joel Kandiah, also known as The History of Money online, agrees that the coin’s low mintage and rarity contribute to its value, which he estimates to be between $10 to $30.
Another Rare 50 Cent Coin to Look Out For
The 1993 50 cent coin is another rare find, sharing the title of joint rarest 50 cent coin with the 1985 year. This coin also has a mintage of only 1 million and features the same effigy of Queen Elizabeth II on the obverse. Recently, these coins have sold for between $3.50 and $15.
Identifying and Valuing Your Rare 50 Cent Coin
So, how do you identify and value your rare 50 cent coin? Here are some tips:
- Check the year of minting: Look for coins minted in 1985 or 1993, as these are the rarest and most valuable.
- Inspect the condition: The condition of your coin can significantly impact its value. Coins in good condition, with minimal wear and tear, are more valuable than those that are damaged or worn.
- Research the market: Keep an eye on market trends and recent sales of similar coins to determine the value of your rare 50 cent coin.
The 1985 50 cent coin is a rare and valuable find, worth up to $40. Its unique design, low mintage, and rarity make it a highly sought-after coin among collectors. By identifying and valuing your rare 50 cent coin, you could be sitting on a small fortune.
