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Cryptocurrency News Articles
Warehouse worker charged after allegedly stealing 63,000 limited edition $1 Bluey coins
Aug 07, 2024 at 01:45 pm
The rare coins are being sold online for 10 times their face value. NSW Police allege the worker stole packages containing the unreleased coins from the back of a truck at a Weatherill Park warehouse
A warehouse worker has been charged after allegedly stealing 63,000 limited edition $1 Bluey coins.
The rare coins are being sold online for 10 times their face value. NSW Police allege the worker stole packages containing the unreleased coins from the back of a truck at a Weatherill Park warehouse, in Sydney's west, on June 23.
Police received a report on July 12 and established Strike Force Bandit to investigate.
The coins, produced by the Royal Australian Mint, feature characters from the popular children's television program, including the investigation's namesake - Bandit.
In June, there was outrage when the 2024 Bluey Dollarbucks - a collection of three colourful coins featuring the Heeler family - went up for sale.
Individual coins were available for $20 each, while a full set was $55.
However, Yahoo Finance found three-coin sets selling for as much as $375. That's more than six times the coin set’s original price.
Aussies who were unable to get their hands on the coins have taken to social media to express their disappointment.
“Great system, all the flippers already have them listed on eBay. Those of us who actually want to collect them still miss out,” one person said.
“This whole thing is an absolute disgrace Why can't every child have the chance to have the coins not just the rich, they are already on eBay for hundreds of dollars,” another said.
Replying to the comments, the Royal Mint said it understood people’s frustration but the coins were only produced to a limited mintage, making them more desirable.
“We dislike this as much as you. But like all retailers, once we’ve sold the coin, it’s sold. Retailers have no control over what a buyer then chooses to do. The secondary market affects anything that's in high demand,” the Mint said.
On Wednesday, another home in Westmead was searched. A 47-year-old man was arrested.
He was taken to Granville Police Station and charged with three counts of break and enter for a serious indictable offence.
The man was refused bail and will appear before Parramatta Local Court.
Police allege the man sold the coins online just hours after they were stolen.
Yahoo Finance has contacted the Royal Australian Mint for comment.
Investigations continue.
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