Search results
Results from the WOW.Com Content Network
At centre within a circle of beads, the denomination "ONE PENNY" in three lines above a plain scroll; around the circle of beads, "COMMONWEALTH OF AUSTRALIA" and date. Designed by W. H. Blackmore. 1911 1911–1936 Portrait of King George VI. Designed by Thomas H. Paget. Kangaroo facing left, "AUSTRALIA" above and "PENNY" below, date above ...
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.
Under the implementation conversion rate, £1 was set as the equivalent of $2. Thus, 10s became $1 and 1s became 10c. The conversion rate was problematic for the pre-decimal penny since the shilling was divided into twelve pence. Amounts less than a shilling were converted as follows:
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.
Some of the pennies lying around your house could far exceed their face value of one cent. ... 4,500 up to $172,500. 8. 1864 Indian Head Penny “L” on Ribbon — $161,000 ... penny from this ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The reverse during this time consisted of the words "ONE HALF PENNY" in three lines at the centre, surrounded by a beaded circle. A small scroll is located under the word "PENNY" within the beaded circle, and the legend "COMMONWEALTH OF AUSTRALIA" with the issued date surrounding the circle of beads. [ 7 ]