new australian $1 mule!

Discussion in 'Numismatics' started by serial, Aug 28, 2016.

  1. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,942
    Likes Received:
    3,046
    Trophy Points:
    113
    Location:
    wa
    look closely at your 2014 Anzac $1
    rumours are out atm that they may have had some mule'd with 10 coins
    I have asked for permission to share pictures so I may have them here soon
     
  2. SteveS

    SteveS Member

    Joined:
    Aug 6, 2016
    Messages:
    907
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Brisbane
    What does that mean?
     
  3. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    Were they sold in rolls at all?

    Might be a few uncirculated ones around, that would be nice.
     
  4. teej

    teej Member

    Joined:
    Jul 18, 2016
    Messages:
    64
    Likes Received:
    1
    Trophy Points:
    8
    Location:
    Brisbane
  5. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,942
    Likes Received:
    3,046
    Trophy Points:
    113
    Location:
    wa
    ok permission has been granted, here is what we know atm. a coin has been taken to a well known and respected coin dealer on the east coast. he has inspected the coin and scanned it (see below) another person has used the pictures to establish the head on the coin is 96% the size it should be which lines up with the 10 cent head size.
    The owner of the coin will be returning to the coin store with the coin for further inspection but may I suggest you start looking at your coins now. the 2000 mule was found like this and those who started looking earlier made the most money. it would be nice if you post up any finds you make so we can work to getting the find legitimised by the mint and recognised in the wider community.
    [​IMG]
    [​IMG]

    and an example of a 2000 mule
    [​IMG]
     
  6. SydneySilver

    SydneySilver Member

    Joined:
    Oct 4, 2012
    Messages:
    289
    Likes Received:
    10
    Trophy Points:
    18
    Location:
    Victoria
    God damn, I had a bag of 500 unc 2014 ANZACS at one point, I wish I could have had a look at them.
     
  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    21,800,000 mintage https://www.ramint.gov.au/one-dollar

    Sold in rolls if I remember correctly. Pretty sure I have a couple of rolls put aside, I sold most to the coin club but it would be worth checking the end of the rolls.

    I will wait awhile, if they are rare I might split open a roll but if it turns out they are not that rare then I might just keep the rolls intact.

    If one end of a roll has a Mule, how likely is it that the whole roll will as well. Do they get rolled as the come off the press or do they put them all in a big boxand do it at the end?
     
  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    What would have caused this?
     
  9. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,942
    Likes Received:
    3,046
    Trophy Points:
    113
    Location:
    wa
    1 of 2 things could have happened
    Mint sport - a ram employee purposely used a 10 cent head on a $1 coin either to have fun, profit (let some into population then arrive on the market with a hoard) or to give his boss the shits.

    bad day at the office - my preferred opinion, "someone didn't have their coffee in the morning at ram before they set the dies" theory. as in someone just stuffed up when setting the print press up which is what I think happened with the 2000 mule.
    I think ram should be issuing red bull to all coin press operators in the morning
     
  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney

    Better yet, maybe they should be looking at ways to make sure the dies cant be miss matched. I heard top and bottom use square and round dies, they could simply add another little feature like a "safety" bump on the edge of the dies that only corresponds to each denomination so that ten cent die cant be matched up with $1 dollar.
     
  11. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney
    though what fun would they be in that?
     
  12. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    Doesn't look like it was caught by Quality Control before it left the mint.

    Someone must have noticed when they removed the Die.

    I wonder how many were minted before someone swapped the dies out and what alerted them to the problem.

    I guess if they were minting the 10 cent coins at the same time then they would have noticed when it was missing, how many lines do they run at a time?

    If it was only a few they might not bother to try and recover them and if it was several million then it might be too expensive to recall and melt them down.

    This counts as entertainment on a Monday morning for me.
     
  13. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    Maybe just keep the 10 cent dies in a different draw to the $1 dies, it's not like this is the first time they have stuffed it up.
     
  14. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    Let's see if any of us find one. I had a 2014 Anzac $1 in my pocket but no luck.
     
  15. SydneySilver

    SydneySilver Member

    Joined:
    Oct 4, 2012
    Messages:
    289
    Likes Received:
    10
    Trophy Points:
    18
    Location:
    Victoria
    Just went through $500 in $1...
    24 ANZACs and none were mules D:
     
  16. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    Well, at least if you do find one you know they are not really common.
     
  17. SydneySilver

    SydneySilver Member

    Joined:
    Oct 4, 2012
    Messages:
    289
    Likes Received:
    10
    Trophy Points:
    18
    Location:
    Victoria
    True! I'm considering going for round two this afternoon
     
  18. chicken12

    chicken12 Member

    Joined:
    Jun 6, 2012
    Messages:
    706
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Melbourne
    Do we know what State this one was found in?
     
  19. SteveS

    SteveS Member

    Joined:
    Aug 6, 2016
    Messages:
    907
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Brisbane
    I assume they're not fake?
     
  20. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,942
    Likes Received:
    3,046
    Trophy Points:
    113
    Location:
    wa
    nsw and no. its not a fake, this came from a reputable coin dealer
     

Share This Page