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The Australian Gold Nugget, also sometimes known as the Australian Gold Kangaroo, [1] is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1 ⁄ 20 oz , 1 ⁄ 10 oz, 1 ⁄ 4 oz, 1 ⁄ 2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold.
One sold at auction in 2009 for an estimated $2 million Australian, which equals about $1.3 million U.S. dollars. 1852 Type 1 Adelaide Pound: These pounds were the first Australian gold coins ...
The Australian dollar replaced the Australian pound on 14 February 1966 as part of the decimalisation process. [6] At this time, 1, 2, 5, 10, 20, and 50 cent coins were issued. [6] $1 coins were first issued in 1984, [7] and $2 coins soon followed in 1988. The one- and two-cent coins were discontinued in 1990 and withdrawn from circulation in ...
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.
1849 $20 Liberty Gold Coin Minted in 1849, this rare coin easily falls into the million-dollar club. Made from 90% gold and 10% copper, this coin weighs just over 33 grams.
"Gold" one-dollar and two-dollar coins were introduced in the 1980s. 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 ...
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.
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 ...