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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.
In 1946, due to costs incurred during World War II, [citation needed] the silver content of the coins was reduced from 0.925 to 0.500 of the coin weight, [citation needed] which lasted until decimalisation on 14 February 1966. One coin highly sought-after by collectors is the 1930 penny. [1] [2]
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.
One guilder coin (1922–1945) This page was last edited on 4 February 2024, at 16:43 (UTC). Text is available under the Creative Commons Attribution ...
An elongated coin (also known as a pressed penny or smashed penny) is a coin that has been flattened or stretched, and embossed with a new design. Such coins are often used as commemorative or souvenir tokens, and it is common to find coin elongation machines in tourism hubs, such as museums, amusement parks, and natural or man-made landmarks .
Some of the pennies lying around your house could far exceed their face value of one cent. ... of the coin may sell for $100,000 and up. If you have any 1943 wheat pennies, it’s worth taking ...
Pages in category "1922 in Australia" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. ...
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 ]