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The Australian pre-decimal halfpenny coin, commonly known as a ha’penny (pronounced / ˈ h eɪ p ə n i /), [1] was the smallest denomination of the Australian Pound in circulation. It was a unit of currency that equalled half of a penny, 1 / 24 of a shilling, or 1 / 480 of a pound. [ 2 ]
A year later Australian pennies and half-pennies entered circulation. Unlike in New Zealand, there was no half-crown. In 1931 gold sovereigns stopped being minted in Australia. A crown or five-shilling coin was minted in 1937 and 1938. Coinage of the Australian pound was replaced by decimalised coins of the Australian dollar on 14 February 1966 ...
One Australian penny was worth 1 ⁄ 12 Australian shilling, 1 ⁄ 24 Australian florin, 1 ⁄ 60 Australian crown, and 1 ⁄ 240 Australian pound. The coin was equivalent in its dimensions and value to the British pre-decimal penny, as the two currencies were originally fixed at par. The coin was introduced in 1911, while the last penny was ...
The same holds true for any coin, whether it’s a 50-cent piece, dollar, dime, nickel or penny. The vast majority are only worth face value, which means there’s no reason not to spend them.
British coins continued in use until 1910, when Australian silver coins were introduced. These included florins, shillings, sixpences and threepences. They had a portrait of King Edward VII on one side. Australian pennies and half-pennies were introduced into circulation the following year. In 1931 gold sovereigns stopped being minted in Australia.
The Deakin government's Coinage Act 1909 [3] distinguished between "British coin" and "Australian coin", giving both status as legal tender of equal value. The Act gave the Treasurer the power to issue silver, bronze and nickel coins, with the dimensions, size, denominations, weight and fineness to be determined by proclamation of the Governor-General.
The British pre-decimal halfpenny (pronounced / ˈ h eɪ p ən i /), once abbreviated ob. (from the Latin 'obulus'), [1] is a discontinued denomination of sterling coinage worth 1 / 480 of one pound, 1 / 24 of one shilling, or 1 / 2 of one penny.
Instead, in 1971, Australia pegged the Australian dollar to the United States dollar at a rate of A$1 = US$1.12. [21] [4] Since 1969, the Royal Australian Mint in Canberra has produced all Australian coins. Until 1970, the Melbourne and Perth Mints operated under the jurisdiction of the Royal Mint, as had the Sydney Mint until it was closed in ...