The $1 Red-Back Spider Coin Is Freaking Me Out

Image: Supplied

In mid-September, Macquarie Mint will release 500 Red-Back Spider $1 coins as part of its aptly named 'Deadly & Dangerous' collection. There are six more in the series, ranging from the dingo to the great white shark. Strewth! Here are the details.

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Struck in solid 14-carat gold, the Deadly & Dangerous Gold Coin Collection are official legal tender coins. The only difference is that they contain a unique ‘Deadly & Dangerous’ privy mark and one of Australia's most deadly animals.

Here's the official spiel from Macquarie Mint:

Celebrating Australia’s most deadly and dangerous animals Macquarie Mint is proud to present the Deadly & Dangerous Gold Coin Collection. This collection captures the most notorious Australian creatures in genuine solid gold, carrying the ‘Deadly & Dangerous’ D privymark that is exclusive to this collection.

Unfortunately, the Deadly & Dangerous coins aren't designed for general circulation. Instead, you need to purchase them directly from the Macquarie Mint website or on the collector's market.

Prices start at $79.95, which is pretty hefty for a coin that has a literal value of $1 - in the Solomon Islands no less. On the plus side, orders come with a full-colour booklet, certificates of authenticity/ownership, a magnifying glass and a custom-made timber case.

Future editions to the series will include the Blue-ringed Octopus, Saltwater Crocodile and Eastern Brow Snake. Sadly, the internationally-dreaded Drop Bear does not appear to be part of the series.

That's a bloody outrage, that is!

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Comments

    Strictly speaking the RBA aren't involved in the coin - it is issued as a Solomon Islands $1 (worth about 18½¢ ), and couldn't be used in Australia for normal transactions.

    Many of the collector coins are issued as Tuvalu, Niue, Solomon Islands, Cook Islands etc, as these small countries are happy to charge a fee to issue currency which will likely never see the light of day in their own country.

    Last edited 01/09/19 5:11 pm

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