2020 $2 Australian Olympic Team Coin: Complete Collector's Guide

The 2020 $2 Australian Olympic Team coin holds a special place in the hearts of coin collectors and Olympic fans across Australia. Released in honour of the Australian Olympic team for the 2020 Tokyo Games, this colourful and vibrant coin is more than just currency; it's a symbol of unity, perseverance, and national pride. In a year marked by global uncertainty due to the COVID-19 pandemic, the Olympic Games brought a much-needed sense of global connection. Australia’s commemorative coin served as a reminder of the resilience of athletes and the spirit of competition that unites the world.

Minted by the Royal Australian Mint, this coin became one of the most sought-after collectibles of 2020 and remains in high demand in 2025 due to its colourful design, limited mintage, and emotional significance. In this article, we dive deep into the history, design, value, rarity, and collector interest surrounding this iconic piece of Australian currency.

History of Australian $2 Commemorative Coins

Australia introduced the $2 coin in 1988, replacing the paper note. While originally intended for circulation, it didn't take long before the Royal Australian Mint began issuing commemorative $2 coins. These special editions often celebrate national achievements, iconic figures, military service, Indigenous culture, and sports events like the Olympics.

Timeline of Notable $2 Commemorative Coins:

• 2012 – Remembrance Day (first coloured $2 coin)

• 2013 – Coronation of Queen Elizabeth II

• 2016 – Rio Olympic Team coins (five different colours)

• 2019 – Apollo 11 Moon Landing 50th Anniversary

• 2020 – Australian Olympic Team (Tokyo 2020)

Coloured $2 coins have become a signature of Australian currency, and collectors actively pursue each new release. The Royal Australian Mint's move to include vivid, durable colour has helped reignite numismatic interest among the general public.

Design Features of the 2020 Olympic Coin

The 2020 $2 Australian Olympic Team coin stands out due to its vibrant green and gold ring around the edge — Australia’s official sporting colours. It was created to honour the team heading to the 2020 Summer Olympics in Tokyo.

Obverse (Front) Design:

• Portrait of Queen Elizabeth II, as per standard Australian coinage

• Designer: Jody Clark

• Year of issue: 2020

Reverse (Back) Design:

• Central design features the Australian Olympic logo, including the iconic kangaroo and emu

• Encircled by a green and gold colour ring

• Words "Australian Olympic Team" and "2020"

• Symbolises support and unity for the athletes

Technical Specifications:

• Denomination: $2

• Metal composition: Aluminium-bronze

• Weight: 6.60 grams

• Diameter: 20.50 mm

• Edge: Interrupted milled

• Finish: Circulated and uncirculated versions available

The use of colour not only boosts the coin’s aesthetic appeal but also increases its recognition factor among casual collectors and the wider public.

Purpose and Symbolism

The 2020 $2 Olympic Team coin was more than just a memento. It symbolised the unity, strength, and determination of Australian athletes preparing for one of the most unique Olympic Games in history. Due to the COVID-19 pandemic, the Tokyo Games were postponed to 2021, yet retained the title Tokyo 2020.

The coin honours not just athletic achievement but also the Olympic journey and the resilience shown by athletes who trained in isolation, without the usual support systems. The release also aimed to engage younger generations and boost national morale during a difficult time.

Coin Variants and Official Releases

1. Standard Circulated Coin:

• Issued through Australia Post and banks

• Green and gold colour ring

• Most common version seen in circulation

2. Uncirculated Mint Coin in Card:

• Released by the Royal Australian Mint

• Mounted on a themed display card

• Sold directly to collectors

3. 2020 Tokyo Olympics ‘Countdown’ Coin Set:

• Featured the $2 Olympic coin among other Olympic-themed coins

• Premium packaging and display folders

These variants differ in packaging and condition but maintain the same design and colour features. Carded and folder editions are generally preserved better and thus fetch higher prices.

Mintage Figures and Rarity

Mintage is crucial in determining a coin’s value and future collectability.

Official Mintage (as of 2020):

• Circulated Green and Gold $2 Coin: Approx. 2 million

• Uncirculated Coin in RAM Card: Limited issue, approx. 30,000 – 50,000

Factors That Affect Rarity:

• Coin hoarding by collectors

• Condition (uncirculated vs. circulated)

• Distribution region

• Special packaging or limited edition folders

Compared to other $2 commemorative coins like the 2016 Rio Olympic set (5 designs), the 2020 version had a more conservative release strategy. This increases its desirability in the secondary market.

Current Market Value (2025)

The value of the 2020 Olympic $2 coin depends on its condition and packaging.

Market Price Trends:

Graded versions from certified numismatic services like PCGS or NGC often command high premiums.

Online auction sites like eBay Australia, Downies, and Australian Coin Collecting Blog are filled with listings, showing demand remains steady five years after release.

Authentication and Identifying Counterfeits

With rising value comes the risk of counterfeit coins. Here's how to identify genuine 2020 Olympic $2 coins:

Signs of Authenticity:

• Sharp edges with defined milling

• Consistent colour ring with crisp boundaries

• Queen's portrait well-centred and detailed

• Proper weight and dimensions

Tools for Verification:

• Calipers and precision scales

• Magnifying glass to inspect micro details

• UV light (some forgeries use different paint types)

• Compare with a known authentic sample

Buying from reputable dealers or directly from the Royal Australian Mint is the safest way to avoid fakes.

Collector Sentiment and Long-Term Investment Potential

The 2020 Olympic $2 coin is increasingly viewed as a good long-term investment due to:

• Emotional connection with the postponed Tokyo Olympics

• Limited mintage

• Colour features that age well

• Popularity of Olympic memorabilia

As more coins are removed from circulation and added to private collections, demand may push values higher over time.

Historical Comparisons:

• 2012 Red Poppy $2 Coin: Originally released at $2, now worth over $200 in mint condition

• 2013 Coronation $2 Coin: Now worth between $50 and $100 depending on grade

The 2020 coin may follow a similar appreciation curve.

Where to Buy or Sell

You can find this coin at:

• eBay Australia – Check ratings of sellers

• Facebook groups – "Australian Coin Collectors" and "Coin Swap Australia"

• Royal Australian Mint (limited quantities)

• Downies Collectibles and other online coin shops

• Coin fairs and numismatic expos

Always verify coin condition and authenticity before buying or selling.

Real Stories from Collectors

Many Australian families collected these coins during lockdowns. It became a fun and engaging family activity. Some notable stories:

• A Sydney teacher used the coin to inspire a school Olympic-themed project

• A Melbourne father and daughter duo started collecting every coloured $2 coin

• Coin hunting became a trending topic on TikTok and Instagram during 2020

Collectors often display these coins in custom folders, coin capsules, or glass frames.

Role of the Royal Australian Mint

The Royal Australian Mint played a vital role in promoting national pride. Their continued effort to produce high-quality commemorative coins fosters unity and education.

Their partnerships with Australia Post and the Olympic Committee ensured broad accessibility and visibility.

List of Frequently Asked Questions About the 2020 $2 Australian Olympic Team Coin: Complete Collector’s Guide

The 2020 $2 Australian Olympic Team Coin stands out as one of the most iconic modern commemorative coins released by the Royal Australian Mint. Celebrating Australia’s participation in the Tokyo Olympic Games, this coin combines national pride, sporting excellence, and collectible appeal into a single circulating legal tender issue.

This comprehensive FAQ guide answers everything collectors, investors, and beginners want to know — from history and design to value, rarity, errors, and long-term investment potential.

1. What Is the 2020 $2 Australian Olympic Team Coin?

The 2020 $2 Australian Olympic Team Coin is a commemorative circulating coin released by the Royal Australian Mint (RAM) to honour the Australian Olympic Team competing at the Tokyo Olympic Games.

Although the Tokyo Olympics were postponed to 2021 due to the COVID-19 pandemic, the coin retains its 2020 issue date, making it historically unique.

Key highlights:

• Legal tender in Australia

• Issued for general circulation

• Celebrates Australian Olympic athletes

• Features a coloured reverse design

2. Why Was the Coin Released in 2020 Despite the Olympics Being Held in 2021?

The coin was designed and struck in 2020, before the official postponement of the Tokyo Olympics. Rather than redesigning or reissuing the coin, the Royal Australian Mint kept the original year to preserve its authenticity and timeline.

This unusual circumstance adds historical interest and collectible appeal, especially among modern coin collectors.

3. Who Issued the 2020 $2 Olympic Team Coin?

The coin was issued by the Royal Australian Mint, Australia’s official mint responsible for producing circulating coins, commemoratives, and collector editions.

The Royal Australian Mint has a long tradition of issuing Olympic-themed coins, and the 2020 $2 Olympic Team Coin continues that legacy.

4. What Is the Face Value of the 2020 $2 Olympic Coin?

• Face Value: $2 AUD

• Legal Tender: Yes (Australia)

While it can technically be spent, most examples are now removed from circulation due to collector demand.

5. What Metal Is the 2020 $2 Australian Olympic Coin Made Of?

Like all standard Australian $2 coins, the 2020 Olympic Team Coin is made from:

• Aluminium bronze

• Distinctive gold-coloured appearance

• Durable and suitable for circulation

6. What Is the Weight and Diameter of the Coin?

Specifications:

• Weight: Approximately 6.6 grams

• Diameter: 20.5 mm

• Thickness: Around 2.8 mm

These specifications match other Australian $2 coins, ensuring compatibility with vending machines.

7. Who Appears on the Obverse of the Coin?

The obverse features the effigy of Queen Elizabeth II, designed by Jody Clark.

Obverse details:

• Portrait of Queen Elizabeth II

• Inscription: ELIZABETH II · AUSTRALIA

• Denomination: 2 DOLLARS

This portrait was the standard obverse used on Australian coins from 2019 onwards.

8. What Is Featured on the Reverse of the Coin?

The reverse design is the standout feature of this coin.

Reverse highlights:

• Stylised representation of the Australian Olympic Team

• Dynamic athlete imagery symbolising strength, unity, and competition

• Vibrant green and gold coloured elements, reflecting Australia’s national sporting colours

The coloured design significantly increases its appeal compared to standard circulating $2 coins.

9. Is the 2020 $2 Olympic Team Coin Coloured?

Yes. The coin features selective colour application on the reverse, which is uncommon for circulating coins and greatly boosts collectability.

Coloured $2 coins released by the Royal Australian Mint are especially popular among:

• Coin roll hunters

• Casual collectors

• Young and first-time collectors

10. How Many 2020 $2 Olympic Team Coins Were Minted?

The estimated mintage is approximately 2 million coins, though exact figures may vary slightly depending on distribution.

Compared to standard $2 coins, this is a relatively low mintage, making it more desirable in the long term.

11. Was the Coin Released Into General Circulation?

Yes, the coin was released into general circulation through banks and everyday transactions.

However, many were quickly removed from circulation by collectors, leading to scarcity in daily change.

12. How Rare Is the 2020 $2 Australian Olympic Team Coin?

While not ultra-rare, the coin is considered scarce in circulation, especially in:

• Uncirculated condition

• Clean, scratch-free surfaces

• Strong colour preservation

Its rarity is expected to increase over time as fewer examples remain in collectible condition.

13. What Is the Current Value of the 2020 $2 Olympic Team Coin?

As of recent collector markets:

Prices fluctuate based on demand, condition, and market trends.

14. Does the Coin Have Long-Term Investment Potential?

Yes, the coin shows strong long-term potential due to:

• Olympic theme (global collector interest)

• Limited mintage

• Coloured design

• Historical context (pandemic-era Olympics)

While not a high-risk investment, it is an excellent medium-term collectible hold.

15. Are There Any Known Errors on the 2020 $2 Olympic Team Coin?

As of now, no major mint errors have been officially confirmed. However, collectors occasionally report:

• Weak colour application

• Off-centre strikes

• Minor planchet flaws

If authenticated, genuine mint errors can command significant premiums.

16. How Can You Identify a Genuine Coin?

To verify authenticity:

• Check weight and diameter

• Inspect colour quality and sharpness

• Compare with known genuine examples

• Use a magnet test (should not be magnetic)

Counterfeits are rare but do exist for popular $2 coloured coins.

17. How Should the Coin Be Stored?

Proper storage is essential to preserve value.

Recommended storage methods:

• Coin capsules

• Mylar flips

• Acid-free coin albums

• Avoid moisture and direct sunlight

Never clean the coin, as this can reduce its value significantly.

18. Is the Coin Popular Among Beginners?

Absolutely. The 2020 $2 Olympic Team Coin is often recommended as a starter coin because:

• Affordable entry price

• Visually attractive

• Easy to identify

• Strong resale demand

It’s a gateway coin for many new Australian collectors.

19. How Does It Compare to Other Olympic $2 Coins?

Compared to earlier Olympic-themed $2 coins:

• More vibrant colouring

• Lower circulation visibility

• Stronger modern collector demand

It ranks among the top modern $2 commemorative issues.

20. Where Can You Buy the 2020 $2 Olympic Team Coin?

You can find it through:

• Coin dealers

• Online marketplaces

• Collector forums

• Coin shows

Prices vary based on condition and seller reputation.

21. Is the Coin Still Legal Tender?

Yes. Despite its collectible value, the coin remains legal tender in Australia and can technically be spent.

Collectors strongly advise against spending it due to its premium value.

22. Why Is This Coin So Popular?

Its popularity comes from a perfect combination of:

• National pride

• Sporting achievement

• Attractive colour

• Limited availability

Few modern coins check all these boxes simultaneously.

23. Will the Coin Increase in Value Over Time?

While no investment is guaranteed, trends suggest:

• Gradual appreciation

• Stable demand

• Increasing scarcity in high grades

Long-term collectors are optimistic.

24. Is the Coin Suitable for Children or Educational Collections?

Yes. Many educators and parents use Olympic coins to teach:

• Australian history

• Sports heritage

• Numismatics basics

Its design is engaging and educational.

25. Final Thoughts: Is the 2020 $2 Australian Olympic Team Coin Worth Collecting?

Without question, yes.

The 2020 $2 Australian Olympic Team Coin represents:

• A unique historical moment

• A visually striking design

• Solid collector demand

• Long-term potential

Whether you’re a beginner, seasoned collector, or casual investor, this coin deserves a place in any modern Australian coin collection.

Conclusion

The 2020 $2 Australian Olympic Team coin is not just another piece of pocket change. It tells a story of resilience, national pride, and sporting excellence. For collectors and investors alike, this coin offers a beautiful blend of design, emotional significance, and potential financial gain. As the years go by, the legacy of the 2020 Olympic Games and the coin that commemorated it will only grow stronger.

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