Australians have the potential to cash in on old pre-decimal coins, with some fetching bids of up to $50,000 at live auctions. The Noble Numismatics auction in Sydney, running from April 13 to April 17, showcases exceptionally rare Australian coins, some of which date back to the 1860s. Pre-decimal coins, minted between 1910 and 1964, include denominations such as the penny, threepence, sixpence, shilling, and florin, and are highly sought after for their historical significance, silver content, and unique design.
Among the standout items at the auction is a silver threepence coin from 1860, featuring an Indigenous man with a boomerang, expected to reach bids of approximately $50,000. Additionally, other coins such as a 1910 two-shilling piece (florin) is estimated at $1,500, a 1932 florin could command $2,500, and a 1924 shilling is similarly valued at $1,500. Coins with mintage errors can see their values soar; for instance, a threepence with the overdate “1922/21” may attract bids around $35,000. Moreover, two rare 1930 pennies are anticipated to exceed $15,000 each.
The auction, held at 175 Macquarie Street, Sydney, is expected to attract bidders globally, with interest reportedly rising from countries including China, India, the US, and Europe. Managing Director James Noble indicated that thousands are applying to bid, with about a thousand expected to attend each auction. This growing interest may be linked to rising prices of precious metals, as Australia’s pre-decimal coins were either bronze or sterling silver prior to the shift to decimal currency in 1966. Following 1946, the silver content in coins was reduced to 50%.
Noble has noted that many misjudge the value of circulating decimal coins, as they may feature unique designs but lack the intrinsic metal value found in older currency. Nonetheless, there are exceptions, such as the red Poppy $2 coin, which can sell for several hundred dollars if kept in its original container. Collectors should also keep an eye out for the first 1966 50-cent coin or bank paper rolls from that year, as these could be valued up to $30 each.
In summary, if you’re a collector or just starting, the upcoming auction presents a prime opportunity to explore higher-value coins, such as the 1956 florin and the 1953/1956 sixpences, which are worth noting.