Australian Man in Court Over Alleged $393,000 Bluey Coin Heist

An Australian man, aged 47, is set to appear in court for allegedly stealing commemorative 'Bluey' coins worth A$600,000 from a warehouse. The Australian mint-produced coins, linked to the popular children's TV show, were sold online for ten times their face value. Police arrested him following a raid.

An Australian man is set to appear in court on Wednesday for allegedly stealing more than A$600,000 ($393,000) worth of commemorative coins linked to the popular children's television show 'Bluey,' police announced.

The 47-year-old suspect, accused of taking 63,000 unreleased, limited-edition A$1 coins from a warehouse in Sydney's Wetherill Park suburb, is believed to have sold them online for ten times their face value just hours after the theft. The coins, produced by the Australian mint, are valued at A$20 each on its official site, with some sellers charging up to A$600 for a pack of three on eBay.

Police, as part of their 'Strike Force Bandit' operation, recovered 189 coins during a raid on a Sydney house in June. The suspect was subsequently arrested at a separate Sydney residence. 'Bluey,' one of last year's most streamed shows in the U.S., has a wide fanbase that extends to adults and is the 14th highest rated show of all time on IMDB.

(With inputs from agencies.)