Carol Cash was shopping in Kmart Plaza on Friday morning with her disabled daughter when they stopped to sit down and Mrs Cash unknowingly placed her handbag on the seat.

The pair continued shopping for an hour before she realised her wallet was no longer attached to her daughter's wheelchair.

"I realised when I went to pay and my wallet wasn't on me any more. I had a look around but it wasn't there so I went home quite upset," Mrs Cash said.

Mrs Cash was in a panic when she remembered the amount of money in the wallet.

"I had $1500 of my daughter's pension, $520 of my own pension, and in a small zipper pocket I had another $1200 for some furniture I was going to buy. I truly thought I'd never get it back and someone would just go on a spending spree," she said.

The women at Goldmark Jeweller luckily received the wallet and phone late Friday afternoon from a young couple who had found the possessions.

Goldmark employee Tracy Berghauser said it was a mission to hand back the property.

"I looked in the wallet to find ID but there wasn't a licence so I couldn't find an address or phone number. I had a look in the phone though, and found the number for a friend of Carol's who then gave me her home phone number. I called that number all afternoon until I got onto her and could return it but by then she had already called the cab company and the police," Ms Berghauser said.

Mrs Cash was very grateful for the help of the community.

"I couldn't believe it when I got the call that it had been found. My family's had a string of bad luck these last few years and it kind of felt like nobody cared," Mrs Cash said.

The taxi drivers of Mount Isa also pitched in to help Mrs Cash when they heard she had lost her belongings.

"Monday night I had a cab pull up to my house and a man got out saying he had heard what happened with my wallet. He said he had been speaking to his wife and they decided they wanted to help and he handed me some money. I told him I couldn't take it but that it was a lovely thought," she said.

"When he left another cab pulled up and I didn't know what was going on. Another man got out and said a few of the taxi drivers had pooled their money because they wanted to help me out. Without everyone that helped I don't know what I would have done, it's a big weight lifted."