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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silver price became higher, the coin's bullion value became more valuable than its face value; so that version was withdrawn from circulation and replaced with the dodecagonal cupro-nickel version.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 ...
3 50 cent coins. 4 20 cent coin. 5 10 cent coin. 6 5 cent ... ASD cryptographic experts collaborated with the Royal Australian Mint to design the coins unique and ...
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 The one- and two-cent coins were discontinued in 1990 and withdrawn from circulation in February 1992.
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.
No proof coins were minted between 2006 and 2011; however, there was a 1-ounce silver proof Kookaburra colored coin struck in 2012 for the Discover Australia coin series. [4] Since 2012, the proof coin has been struck in high relief only. Special editions such as privy marked, colored and gilded are often available. [5]
In May 2007, owing to the high market value of copper and nickel, the bullion value of the coin was about 6.5 cents, though there were no reported cases of hoarding or melting down of the coins despite the apparent 30% gross profit to be made from doing so. Market prices as at June 2018 are about $7/kg for copper and $15/kg for nickel, making ...
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