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The original, round, 50-cent coin was made of 80% silver and 20% copper; but as the value of a free-floating silver price became higher, the coin's bullion value became more valuable than its face value; so that version was withdrawn from circulation and replaced with the dodecagonal cupro-nickel version. [3]
The round fifty cent coin was the highest-denomination and largest diameter coin of the Australian decimal coins, introduced in 1966. It has a nominal value of half an Australian dollar, equivalent to five shillings in the pre-decimal accounting system. Due to the large number minted in 1966, and the rising cost of silver, it was not made in ...
English shilling = 1/1 (1 shilling and 1 penny). Copper coin of 1 oz = 2 pence. [2] The settlers did have some George III one-penny coins, which were referred to as "Cartwheel pennies". These were the first British coins to be officially exported to the Australian colonies, and so can be considered Australia's first official coins.
Coins of the Australian dollar are circulated with different designs depicting various anniversaries or significant Australian events, these differing coin designs being labelled Australian commemorative coins. Typically, only the 20c, 50c, $1 and $2 coins have been minted in commemoration.
The Royal Australian Mint regularly releases collectable coins, one of the most famous of which is the 1980–1994 gold two-hundred-dollar coin series. [7] Australian collectable coins are all legal tender [ 8 ] and can be used directly as currency or converted to "normal" coinage at a bank.
This caused the Royal Australian Mint to continue minting 50c coins from 1969 onwards to be dodecagonal and with copper-nickel. [7] These original 1966 50c coins are now extremely rare to find in circulation and in coin rolls. $1 and $2 coins were introduced in 1984 and 1988 respectively, so there are more newer coins.
To commemorate the 25th anniversary of the kookaburra coin, the 2015 coin features the same image of the kookaburra as the original 1990 coin. To differentiate the 1990 and 2015 coins, the date on the reverse reads "1990-2015" and 2015 has been added to the obverse. The 2015 coin had a release date of September 1, 2014. [1]
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 minted in 1964. After decimalisation on 14 February 1966 the penny was equal to 0.8333 cents. The obverse of the coin featured the reigning Australian ...
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