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$2 coin worth $400 crashes website

$2 red poppy remembrance coin. Australian money notes.
A new coin is set to be released today and it has already crashed the Royal Australian mint website. (Source: TikTok @TheHistoryOfMoney/Getty)

It’s the most anticipated coin of the year and it’s already caused the Royal Australian Mint website to crash this morning.

The Royal Mint is set to release a 10th anniversary edition of the 2012 red poppy $2 coin, known as the remembrance coin.

The updated coin will be sold for $15, but its value could skyrocket. Following the death of Queen Elizabeth II, the coin reached a peak of $400.

The coin was one of the lowest-minted coins in Australian history, with just 503,000 in circulation, according to coin and banknote expert Joel Kandiah who runs the TikTok account @TheHistoryOfMoney.

The Royal Mint website was set to release 60,000 coins at 8:30am AEDT today, but the website crashed and phone lines were also down.

“The Mint has delayed forming the queue for this morning's releases to allow time to correct a technical issue with the website,” The Royal Australian Mint said in a statement.

“We are currently working to resolve the issue and apologise for the delay.

“No queue has been formed, all customers are currently in the waiting room. If you were removed from the waiting room, please rejoin.”

2022 Red Poppy design.
Coin and banknote expert Joel Kandiah said the coin will sell out. (Source: Instagram @historyof_money)

Kandiah told Aussies to not “get caught up in the hype”.

“This coin will sell out and there will be people who will try and flip them for ridiculous amounts,” he said.

“Play the waiting game.”

Aussies fume: ‘Not good enough’

Hundreds of Aussies expressed their frustration over the website crash.

“Ridiculous! Have been in the queue for hours waiting for your website to go to maintenance and tried calling at least 50 times since you opened with call failed,” one Aussie wrote.

“Not good enough!!”

Another Aussie said it was “really disappointing”.

“Surely you would have pre-planned for the massive demand for this coin type, and prepared the website for the surge in usage?” he wrote.

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