Yahoo Finance King Charles coins: How Aussies can get their hands on the first coins of 2024
100 lucky people will be chosen to mint the first coins anywhere in the world for 2024.
Aussies have the chance to be the first people in the world to get their hands on 2024-dated coins featuring King Charles III.
The Royal Australian Mint has issued an open invitation to all Aussies to visit the mint for their new year celebrations. On New Year’s Eve, coin collectors can enter into a ballot to be chosen as the last 10 people to mint a coin in 2023. It will also be the last opportunity for people to mint their own collectible coin featuring the portrait of Queen Elizabeth II.
On New Year’s Day, the first 100 people drawn in the ballot will then be able to mint the very first 2024 coins in the world. They will be the first uncirculated collectible coins featuring the new King Charles III effigy.
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“The first person drawn on New Year’s Day will press the first 2024-dated coin, not only in Australia, but around the world,” Mint CEO Leigh Gordon said.
“With a ballot system running, every person at the mint on January 1 has an equal chance of being the selected history maker.”
The Mint's annual Mint Mark Suite theme will be unveiled at the New Year's Day event and this will be on the 'tails' side of the coin.
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The catch? You’ll need to be in Canberra on New Year’s Eve and New Year’s Day to enter the ballot.
For the final coin of the year, you’ll need to be at the mint at 2:30pm on Sunday, December 31 to enter the ballot.
For the first coin ballot, enthusiasts can line up at the mint from 7.00am, with the draw taking place at 9.00am, followed by minting of the first 100 coins.
King Charles coins released
King Charles III is now officially on Aussie currency, with $1 coins the first to be released to the public earlier this month.
The new coins were released to banks across the country, who received the first batch of 3.5 million coins. These have now started to appear in cash registers across the country.
The remaining denominations of circulating coins will be released progressively in 2024, based on bank demand. Meanwhile, collector and investment coins with the King’s head are expected to go on sale early next year.
This is the first time many Aussies have had a coin featuring a King and some people are looking to cash in on the hype. A number of people are selling the new coins online at a higher price, with many listed for more than double their actual worth.
Coin expert Matt Thompson previously warned against rushing in too quickly to snap up the King Charles coins at an inflated price.
“The total mintage is 10 million … So they’ll be very accessible for collectors, both casual and dedicated,” he told Yahoo Finance.
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