A teacher and TikTok user is telling Australians what to look for on their coins, with some rare ones worth $4000.
A Perth high school teacher who doubles as a coin enthusiast in his spare time is teaching Australians what to look out for to make a killing from rare money.
Joel Kandiah goes by the moniker @thehistoryofmoney on TikTok where he has nearly 100,000 followers. Some of his videos have gone viral with up to 1.3 million views.
All kinds of things make a coin more valuable than its perceived worth, according to the commerce teacher.
Some gold coins have minting errors, or notes are from a certain batch, or even being a limited edition makes them goes up in value for collectors.
Here?s what to look out for, according to the money guru.
If you know what to look out for, you could turn a $1 coin into a $4000 profit, Mr Kandiah explained.
A rare Australian one dollar coin known as a mule is highly sought after among collectors, who are willing to pay up to 4000 times the price.
A technical error by the Australian Mint in Canberra back in the year 2000 resulted in these ?mules? being a little thicker than a regular $1 coin and also having a double rim around the Queen?s head.
The same issue happened with a batch of 10 cent coins from 2000 as well.
Mr Kandiah said you could get anywhere from $300 to $4000 for the rare coin.
A Perth high school teacher who doubles as a coin enthusiast in his spare time is teaching Australians what to look out for to make a killing from rare money.
Joel Kandiah goes by the moniker @thehistoryofmoney on TikTok where he has nearly 100,000 followers. Some of his videos have gone viral with up to 1.3 million views.
All kinds of things make a coin more valuable than its perceived worth, according to the commerce teacher.
Some gold coins have minting errors, or notes are from a certain batch, or even being a limited edition makes them goes up in value for collectors.
Here?s what to look out for, according to the money guru.
If you know what to look out for, you could turn a $1 coin into a $4000 profit, Mr Kandiah explained.
A rare Australian one dollar coin known as a mule is highly sought after among collectors, who are willing to pay up to 4000 times the price.
A technical error by the Australian Mint in Canberra back in the year 2000 resulted in these ?mules? being a little thicker than a regular $1 coin and also having a double rim around the Queen?s head.
The same issue happened with a batch of 10 cent coins from 2000 as well.
Mr Kandiah said you could get anywhere from $300 to $4000 for the rare coin.
