Rare coin set now worth up to $6000 after Queen’s death
![The rare 2012 Red Poppy $2 coin has also shot up in value. The History of Money/TikTok](https://images.thewest.com.au/publication/C-8392367/6e70c65984d921d16eff220b3b246cd60ba90405-16x9-x0y296w768h432.jpg?imwidth=810&impolicy=wan_v3)
Coin collectors around the world have been going mad for $2 gold coins for weeks since the death of Queen Elizabeth II whose face features on one side – now one coin in particular has climbed in value by thousands of dollars.
The $2 Mars coin was launched as part of a limited 2017 Planetary Coins set of 10 coins featuring a visualisation of each planet in the solar system.
The set, which originally sold five years ago for just $170, is now collecting as much as $6000 on coin dealing websites.
![2 dollar coin featuring Mars and QEII. Picture Supplied.jpg](https://images.thewest.com.au/publication/C-8392367/7670b0584ceaa94c640bb124bd6ad3291452581d.jpg?imwidth=810&impolicy=wan_v3)
Melbourne coin dealer Sam Seigel said his store, Max Stern and Co, had been inundated with inquiries from collectors since the Queen’s death.
In just one day he received 33 inquiries from Australians eager to work out what their coins were worth.
“There has been a reawakening of coin collectors and the majority are buying coins with the Queen’s head on it,” Mr Seigel told the NCA NewsWire.
He last sold one of the rare Planetary Coins sets in June for $3000.
![Plantary coins including QEII now goes for $6000. Picture Supplied.jpg](https://images.thewest.com.au/publication/C-8392367/e4072f0baf495fd50cb429e81af48aed324e5b1e.jpg?imwidth=810&impolicy=wan_v3)
In the last month, online sales of the set have doubled in some places, but Mr Seigel warns new and old collectors alike that those prices are for the entire set.
“The price has risen alarmingly on those coins,” he said.
“It’s obvious that the main interest is in the Mars coin, but to get those prices you will need the whole set.”
Perth coin expert Joel Kandiah – or @TheHistoryOfMoney as he is known on TikTok – told 7 News that the $2 Mars coin contributed to half the set’s value.
“It’s purely down for people’s attraction to the $2 Mars coin. To see its value increase nearly thirtyfold in five years is beyond ridiculous,” he said.
![The 2013 Purple Coronation $2 coin has also risen in price. Picture: The History of Money/TikTok](https://images.thewest.com.au/publication/C-8392367/1dc711aa105eefdb748b439a6b14f1a24dfb82c9.jpg?imwidth=810&impolicy=wan_v3)
![The rare 2012 Red Poppy $2 coin is one of the coins that has shot up in value. Picture: The History of Money/TikTok](https://images.thewest.com.au/publication/C-8392367/6e70c65984d921d16eff220b3b246cd60ba90405.jpg?imwidth=810&impolicy=wan_v3)
Mr Seigel warns amateur coin collectors wanting to ride the wave of spiking prices not to get too caught up in the prices on sites like eBay.
“Contact a reputable coin collector,” he said.
He also said that just because a coin had the Queen’s face on it didn’t mean it was now worth thousands.
The rarity and condition of coins ultimately play a significant part in the price a coin dealer will offer.
Other coins that have recently attracted price hikes are the 2012 Red Poppy coin and the 2013 Purple Coronation coin.
These coins are now fetching a combined price of up to $550.
Originally published as Rare coin set now worth up to $6000 after Queen’s death
Get the latest news from thewest.com.au in your inbox.
Sign up for our emails