Why did the Royal Australian Mint coins sell out so fast?

Two forces drove demand. The mintage caps of 30,000 and 5,000 created real scarcity, and a ballot concentrated buyers. Viral debate about the portrait gave the release wider reach. Together, they pushed many collectors to enter the draw and chase the secondary market once results landed.

What costs should UK buyers expect beyond the hammer price?

Include import VAT, courier handling fees, possible customs charges, shipping, insurance and any platform fees. These can erase a quick profit. Ask sellers for itemised invoices and tracking. Build a simple spreadsheet before bidding so you know your break-even for a Queen Elizabeth II coin purchase.

Are profits on resale taxable in the UK?

Gains on foreign collectible coins can be subject to Capital Gains Tax. CGT relief that applies to UK legal tender sterling coins does not usually cover Australian commemoratives. Keep accurate records of costs and proceeds. If sales are frequent or profits material, seek tax advice before you sell.

How can I spot a problematic listing?

Watch for stock photos only, vague descriptions, no certificate, and pressure to pay off-platform. Ask for video proof of weight and close-ups of edge and portrait. If a Queen Elizabeth II coin is far below typical sales without evidence, treat it as a red flag and walk away.

Law and Government

Queen Elizabeth II Coins Sell Out Amid Backlash — February 7

ByDanny Kontos February 7, 2026February 7, 2026

The Queen Elizabeth II coin story matters for UK collectors today. The Royal Australian Mint issued A$5 and 50c commemorative silver coin pieces for the late monarch’s centenary. Despite criticism of the likeness, both coins sold out via ballot. With tight mintages of 30,000 and 5,000, scarcity is driving bids and fast flips. UK buyers should weigh import VAT, resale risks and authenticity checks. We explain what moved the market and how to act with care.