"Dollar mule" / Australian Coin Collecting Blog on news.com.au

[markn]

There was a detailed survey done by forum members a few years ago comparing rate of finding mules against numbers of 2000 coins (which was a known mintage).  The 6000 figure was arrived at that way.

It wasn't just that. We also took into account the size of the totes, and the fact that once discovered, the entire batch would have been scrapped. Therefore that implied the 'escaped' ones were in the previous tote and had already left the area when the discovery was made. Approximately half a tote was a reasonable ball park, which was backed up by the stats.

Thanks Fulvio.  It's a crying shame all that information has been lost.

[Fulvio]

Thanks Fulvio.  It's a crying shame all that information has been lost.

I couldn't agree more. I always intended to archive stuff locally, but it just never got to the head of the list somehow.

[ausjack]

I still live in hope of finding one one day, just not going to hold my breath :angel:

How many incused do they think there is and why don't they call it a mule??

A mule is a coin made from two different dies that were never intended to be paired together. Since the incuse flag coin was made deliberately (albeit for proof sets rather than for circulation), it cannot be considered a mule. :ok:

I suppose it comes down to if it was "intentional" or an accident or if it was like the $1 mule and was that accident or on purpose..the mind boggles :scratch_one-s_head: Admittedly you have two 50 cent dies with the incused and one 10 cent and a one dollar for the other but what about the other mules like the half penny.

Here's a little from Eric's site http://www.drakesterling.com/coins-for-sale/news-wire/news-wire/mule-coins-and-hybrid-coins

and here's a little wiki https://en.wikipedia.org/wiki/Mule_(coin)
Either way I find this all very interesting :good:

[Fulvio]

I suppose it comes down to if it was "intentional" or an accident

Well, no.

The Incused flag was always intended to be produced, only with paint infill.

The decision to swap it out for a printed flat flag on the proofs, and subsequently throw the die into the general population doesn't make it a mule.

Its a variety.

[ausjack]

Ok, it's a variety..of what was suppose to be a proof die

[Hercules]

Are the $1/10c mules really worth $1000+ now? I always assumed that the banged up ones were only worth $500. Have the prices gone up recently? :dontknow:

[ausjack]

Depends greatly on the grade Herc. $750 is the cheapest on ebay ATM and sold listings shows one sold for $600 2/1/17 and two in december went $500 and $536 but they might have gone up.
One on the 22/2/17 $425
But they weren't high grades

[Fulvio]

Are the $1/10c mules really worth $1000+ now?

If there are 6,000 coins and 6,001 people decide they can't live without one, guess what happens to the price?

[ausjack]

Are the $1/10c mules really worth $1000+ now?

If there are 6,000 coins and 6,001 people decide they can't live without one, guess what happens to the price?

Poor AJ goes without :cray:

[Hercules]

Are the $1/10c mules really worth $1000+ now?

If there are 6,000 coins and 6,001 people decide they can't live without one, guess what happens to the price?

That's assuming that everyone's content with having only one each. I bet a lot of collectors have more than one.

[stevo1962]

Runway bought one for 350 and I bought one for 500 last month but if you're
not shopping on facebook you're missing out

[Hercules]

Runway bought one for 350 and I bought one for 500 last month but if you're
not shopping on facebook you're missing out

I don't need to shop on Facebook. I got mine for only a dollar.

[stevo1962]

Runway bought one for 350 and I bought one for 500 last month but if you're
not shopping on facebook you're missing out

I don't need to shop on Facebook. I got mine for only a dollar.

Best deal you can make

[Hercules]

Frank Chung the author of that article contacted us and asked permission (yay) so we were looking out for that. Mark has also been on Perth radio this morning!

It seems you're very popular. A lot of other websites have picked up on the story as well:

http://www.huffingtonpost.com.au/2017/03/12/that-1-coin-in-your-pocket-could-be-worth-1000/
https://www.pedestrian.tv/news/arts-and-culture/there-could-be-a-1-coin-worth-3k-in-your-wallet-rn/9bde0f36-a704-4429-aa77-161e87dd0854.htm
http://finance.nine.com.au/2017/03/13/12/47/unusual-aussie-dollar-worth-more-than-1000
http://www.dailymail.co.uk/news/article-4305454/Australian-1-10c-mule-coin-worth-1000.html
http://www.dailymail.co.uk/news/article-4307254/Up-6-000-1-Australian-mules-released-circulation.html
https://startsat60.com/trending/news/mistake-at-australian-mint-sends-coin-collectors-into-a-frenzy

[trout]

Runway bought one for 350 and I bought one for 500 last month but if you're
not shopping on facebook you're missing out

This is a pretty good example of how newbies can be taken advantage of on facebook because of their lack of knowlage.
Maybe a couple of years ago a 2000 Mule would have fetched $200-$400 But not now, If the facebook sellers were better informed none of them would part with a Mule for only $350.