Opportunistic sellers cash in on Lest We Forget colour $2 coin

Shrewd sellers who managed to get their hands on the coloured $2 Lest We Forget coin are cleaning up on eBay as demand for the coin sends prices skyrocketing.

Within hours of the coin being unveiled on Sunday April 19 at a special event hosted by the Honorable Kelly O’Dwyer MP at the Stonnington Cricket Oval, listings on eBay began appearing, offering the coin for auction.

Perhaps fuelled by the enthusiasm of collectors and the general public alike to own one of these unique colour commemorative coins with a mintage of only 1.5 million – coupled with the knowledge that the Royal Australian Mint would not be offering an official Uncirculated version of the coin – auction prices for both individual coins and security bags are realising profits of between 1500%-4900% above the face value of the coins themselves. A veritable bonanza for the sellers but an excessive amount to pay for unwary buyers.

2dollarbagThis listing for a security bag of colour $2 coins is at $820 with 3 days to go*

It’s unclear where these eBay sellers acquired their colour $2 coins for sale. Some speculate they work in banks or security firms that delivery currency to banks, while others believe they were just lucky to be amongst the first to find the coins in their change. Either way, they are finding a not-to-be-sniffed-at financial reward by listing them quickly on the online auction site, as impatient buyers clamber to be some of the first to own the new commemorative $2

The 2015 Lest We Forget colour $2 coin was issued to commemorate the 100th anniversary of the Gallipoli landing. It is the 4th coin of colour to be issued into circulation after the 2012 $2 Red Poppy, the 2013 $2 Purple Coronation and the 2014 $2 Green Remembrance Day coins. The 2012 Red Poppy coin was distributed to the public through the RSL, while the other coins entered circulation via the Reserve Bank of Australia.

2dollarindThis coin sold for 4900% above its original face value

As more of these coins make it onto the secondary market the prices being reached on eBay will undoubtedly fall, so if you’re looking for a more reasonably priced colour $2 we recommend being patient. eBay listings for the 2013 and 2014 colour $2 coins are still plentiful, 1-2 years after the coins were originally released, so there is no doubt the 2015 Lest We Forget coin will be popping up on eBay for years to come also.

Downies are currently looking to source these coins to offer as well, and if we are successful we will notify customers through our online newsletter, as well as our Facebook and Twitter pages.

Otherwise, keep a close eye on your coinage because you never know when you might find one of these coin in your change. If you do find one feel free to post a photo of it here or on our Facebook page.

*prices listed at time of writing this article

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New 2015 Colour Lest We Forget $2 Coin Design Revealed

The design for the new 2015 Lest We Forget colour $2 circulation coin has been revealed today at a special ANZAC Commemoration Ceremony held in Melbourne. The event was held at the Malvern Cricket Ground in Melbourne’s inner east, hosted by the Honorable Kelly O’Dwyer MP (Federal Member for Higgins & Parliamentary Secretary to the Treasurer) and Cr Melina Sehr, Mayor of City of Stonnington and featuring a number of other dignitaries.

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Scroll down to see more photos from the Anzac Ceremony, including the $2 Lest We Forget Colour Coin

Hundreds of people braved the temperamental Melbourne Autumn weather to attend the ceremony which stared with a march from Malvern Gardens, up High St and finished at the Malvern Cricket Ground. Around the grounds were tents for various local entities such as schools and businesses, as well as Kelly O’Dwyer’s mobile office which had on display one of the $2 colour commemorative coins due to enter circulation from tomorrow.

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The coin features red stripes in a circular pattern in the middle, framing the words “Lest We Forget”, with a design around the coin consisting of 5 crosses among a ring of poppies. In the bottom portion is the coin denomination of Two Dollars.

Unlike previous colour $2 coins issued into circulation, the 2015 Lest We Forget $2 coin will not be available to buy in Uncirculated condition through the Royal Australian Mint. Approximately 1.5 million coins will begin to be released into circulation by the Reserve Bank of Australia as of tomorrow, Monday April 20th, although it may take several days or even weeks for them to be fully released.

However much like previous colour $2 issues, there is little doubt that due to the poignant nature of the commemoration and sheer difference in design of these coins from the regular $2, people will hoard them away instead of spending them, making them quite hard to find in a short space of time. The same has happened with the 2014 $2 Remembrance Day Green Colour Coin, the 2013 $2 Coronation Purple Colour Coin and the 2012 $2 Poppy Red Colour Coin. The latter being distributed through the national RSL Red Poppy Appeal rather than through the Reserve Bank of Australia.

Canada is the only other country to have released colour coinage into circulation – and this is only the 4th Australian circulating coin to be issued in colour – making this a significant commemoration of the ANZAC Centenary as we approach the 100th anniversary of the battle at Gallipoli.

So keep your eye on your small change over the coming days and weeks and if you find one of these colour commemorative $2 coins be sure to post a picture below or on our Facebook Page.

More photos from the Anzac Ceremony

New 2015 Poppy Red Gallipoli $2 Coin Issued For Circulation

It has been announced that a newly designed $2 coin will be issued into circulation as of Monday, April 20, 2015. 2015Red2Dollars The surprise announcement was made on the 3AW radio station yesterday, when Parliamentary Secretary to the Treasurer Kelly O’Dwyer was discussing the events to be held at Malvern Gardens as part of the 100th anniversary of Gallipoli commemorations.

Struck by the Royal Australian Mint, the coin will be unveiled at the Anzac Centenary March that kicks off at 11am on Sunday, April 19, 2015 at Malvern Gardens on the corner of High St & Park St, Malvern, Victoria.

This will be only the 4th coloured $2 coin issued in Australia, starting with the Red Poppy Remembrance Day $2 coin in 2012. In 2013 there was a Purple $2 issued to commemorate the 60th anniversary of the coronation of Queen Elizabeth II, and in 2014, a Green $2 was released into circulation to honour Remembrance Day.

Collectors and the general public alike have delighted in finding and hoarding away these coloured coins over the last few years, and you would now be very lucky to find any of them in your change. The new 2015-dated Red Poppy $2 will undoubtedly be no different.

“It’s an incredible design.” Mrs O’Dwyer said. Going on to describe the coin as “Poppy red” with a design consisting of crosses and poppies. The Australian Government currency determination website describes the design of the coin as having the inscription ‘LEST WE FORGET’, with a series of red coloured stripes arranged in a repetitive circular pattern surrounding the central circle. The coin will also carry a representation of poppy flowers between 5 stylised representations of crosses, along with the coin denomination of TWO DOLLARS.

So, be sure to keep your eye out for this special new colour $2, and let us know when you find one!