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Australia’s 5 cent coin was introduced on February 14, 1966 as part of the nation’s decimal currency changeover. From 1966 until today, an echidna designed and sculpted by Stuart Devlin, has been displayed on one side of the 5 cent piece which was made from 75 per cent copper and 25 per cent nickel. Queen Elizabeth Ii is depicted on the obverse.
To participate in the Five Cent Forage kids have to be aged between 5 and 15.
All participants will be provided with a magnifying glass, as the five cent is a relatively tiny coin. Album pages will also be provided, along with backing sheets identifying each of the years from 1966 to 2016.
As a useful tip, the first 5 cent coin children should immediately look for was minted in 1972. A top quality 1972 five cent coin sells today for $40. Even a used piece fetches $10.
The 1972 five cent piece is more valuable than any other year because the 8.3 million pieces produced was the lowest mintage since 1966, according to the Royal Australian Mint. Compare 1972 with 2006 when 306.5 million 5 cent pieces represented the highest mintage.
While the 1972 five cent piece is the jewel in the crown to coin collectors and investors it is a distinct possibility that all 5 cent coins will be withdrawn from circulation in Australia potentially making them all a valuable keepsake.
Introducing children to coin collecting can be a life-long and rewarding hobby that also exposes them to an education involving history.
Coin collecting is fun and ANDA wants to at least give the young an opportunity to get involved recognising that today’s young coin collectors are the future of the numismatic industry. Introducing children to coin collecting exposes them to an informative, entertaining and hopefully rewarding passion in adulthood. Everybody starts somewhere.
And there’s a potential carrot at the end of the rainbow. It can be a good investment and that also makes coin collecting attractive.
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