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The Australian penny was a coin of the Australian pound, which followed the £sd system. It was used in the Commonwealth of Australia prior to decimalisation in 1966. One Australian penny was worth 1 ⁄ 12 Australian shilling , 1 ⁄ 24 Australian florin , 1 ⁄ 60 Australian crown , and 1 ⁄ 240 Australian pound .
British currency became the official currency of the Australian colonies after 1825, with almost £100,000-worth of British coins being imported during 1824–25. The Holey dollar was no longer legal tender after 1829. The most notable Holey Dollar was the "Hannibal Head" a one of a kind coin that features the portrait of King Joseph I of Spain ...
The one-dollar coin was introduced in 1984, to replace the banknote of the same value. The two-dollar coin, also replacing a banknote, was introduced in 1988. They have content of 2% nickel, 6% aluminium and 92% copper. The two-dollar coin is smaller in diameter than the one-dollar coin, but the two-dollar is slightly thicker.
Australian 1 dollar coin only made for sets S.Devlin Queen Elizabeth the second: unknown 2014 ANZAC Centenary Logo of the ANZAC centenary. Australian soldier with head bowed and rifle reversed in solemn reflection 23,000,000 2015 ANZAC Centenary Logo of the ANZAC centenary. Australian soldier with head bowed and rifle reversed in solemn reflection
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 ...
Pre-decimal Australian coins remain legal tender for 10 cents per shilling. Before 2006 the old New Zealand 5, 10 and 20 cent coins were often mistaken for Australian coins of the same value, and vice versa, and therefore circulated in both countries. The UK replaced these coins with smaller versions from 1990 to 1993, as did New Zealand in 2006.
The combined nominal value in NSW of the holey dollar and the dump was 6s 3d (6 shillings, 3 pence), or 25 per cent more than the value of a Spanish dollar; this made it unprofitable to export the coins from the colony. The project to convert the 40,000 Spanish coins took over a year to complete.
The twelve-sided Australian fifty-cent coin is the third-highest denomination coin of the Australian dollar and the largest in terms of size in circulation. It is equal in size and shape to the Cook Island $5 coin , and both remain the only 12-sided coins in the southern hemisphere.