The collectible currency sparked a frenzy when it was released by the Royal Australian Mint in June of this year.
According to police, they received a tip last month that 63,000 unreleased $1 Bluey coins were stolen from a warehouse in Western Sydney where the individual supposedly worked.
According to police, some of the coins are now selling for ten times their original price.
A raid on a residence on Wednesday resulted in the 47-year-old’s detention. He has been charged with three counts of breaking and entering.
Steven John Neilson was denied bail when he appeared.
According to police, the coins were sold online hours after being stolen from the back of a truck at the warehouse where the accused worked.
They were supposed to be taken to the mint at the time of the alleged theft, police added.
Police claim that while they have retrieved approximately 1,000 coins, they believe the remainder are in general circulation.
The collection of three $1 colored coins was dubbed Dollarbucks, which is how money is typically referred to in the animation.
According to the mint at the time of release, only 30,000 of each coin and 30,000 sets were created, implying that approximately one-third of all the coins produced were allegedly stolen.
