AUSSIES QUEUE FOR TWOS

A new set of rare $2 coins, which have soared in value, are being released to the public today and the Royal Australian Mint is already being inundated by would-be collectors who queued up overnight to get their hands on them.

It's been 35 years since the $2 coin was released in 1988 and to honour the significant milestone, a 14-coin collection showcasing colourful commemorative designs is being released. People started lining up outside the mint in Canberra at 3.30pm yesterday. Coin expert Matt Thompson told Yahoo Finance why demand was already through the roof for the $239 set.

A similar 12-coin set released in 2018 for $75 is now consistently selling for over $800, Thompson said.

Now, they are selling them with two extra coins and people are going bananas for it. The mint are run off their feet, he said.

There are more than 2,000 people queuing up today, with just 35,000 available. An avid collector said the queue was more than 200 metres at 3.00am. Videos showed people camping overnight in sleeping bags, on camping chairs or milk crates. But the wait could be worth it. The new collection has already popped up on eBay for $1200.

It's out of control, what's happening at the moment, Thompson said.

To read the complete article, see:
Rare $2 coins selling for $1,500 has thousands of Aussies lining up (https://au.finance.yahoo.com/news/rare-2-coins-selling-for-1500-has-thousands-of-aussies-lining-up-001106339.html)

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