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Is the silver value of any Australian coin worth more than the nominal value?
Silver Australian coins were first issued in 1910 and were made from sterling silver which has a 92.5% silver content. This changed from 1946 onwards and the silver content was reduced to 50%. No Australian general circulation coin has had any silver content since 1966, except for the round 1966 50 cent coin. The silver content of the older predecimal coins possibly values the coins at more than face value, however, if the coins are in good condition, the collector value may be higher.
Are circulated australian coins from 1966 through to 1966 collectibles?
If you're referring only to Australian coins struck only in 1966: 1. The 1966 Australian 50¢ has 0.3415 ozt pure silver in it; 2. The 1966 Australian "Wavy Baseline" 20¢ is worth between approximately $200 and $4,000 at the moment. This is a rare type of 1966 20¢ - it is quite rare and has a different shape to the base of the 2 on the reverse (tails side).
Are Australian coins from the late 1960's made from silver?
No. The only Australian decimal coin to ever contain any silver, was the 1966 round 50 cent coin. They were withdrawn from circulation when the price of silver skyrocketed in 1967.
Why did Australian coins change from being silver to what they are now?
Silver had become far too expensive to make general circulation coins from and a cheaper method was to use an alloy of copper and nickel. This was an international trend during the mid to late 20th century. The last ever Australian circulating coin to contain any silver was the round 1966 50 cent coin which had a silver content of 80%. This coin was withdrawn in 1967 due to the sky rocketing price of silver. From 1946 to 1964, all Australian predecimal "silver" coins had a 50% silver content. From 1910 to 1945, all Australian predecimal "silver" coins had a 92.5% silver content.
Did Australian coins ever have silver in them?
Yes. Australian silver coins were first minted in 1910 by the Royal Mint London. The silver coins included the Threepence, Sixpence, Shilling, Florin (Two Shillings) and in 1937 and 1938 only, a Crown (Five Shillings). From 1910 to 1944, all Australian Threepences were sterling silver containing 92.5% silver. From 1947 to 1964 all Australian Threepences contained 50% silver. From 1910 to 1945, all Australian Sixpences were sterling silver containing 92.5% silver. From 1946 to 1963 all Australian Sixpences contained 50% silver. From 1910 to 1945, all Australian Shillings were sterling silver containing 92.5% silver. From 1946 to 1963 all Australian Shillings contained 50% silver. From 1910 to 1945, all Australian Florins were sterling silver containing 92.5% silver. From 1946 to 1963 all Australian Florins contained 50% silver. Both issues of the Australian Crown were sterling silver. At decimalisation in 1966, the only coin to contain any silver was the round 50 cent coin which had an 80% silver content. Since the price of silver sky rocketed at about this time, the silver 50 cent coin was withdrawn and eventually replaced with the more familiar 12 sided cupro-nickel 50 cent coin. Currently, there are no Australian circulating coins that contain any silver.
What year did US stop using silver in their coins?
The short answer is 1966. Australias last "silver" predecimal coins contained 50% silver. The last of these coins were minted in 1963 and 1964 and were withdrawn soon after decimalisation in February 1966. The only Australian decimal general circulation to ever contain silver, was the 1966 (round) 50 cent coin which had an 80% silver content. Due to the soaring price of silver a short time later, and with the benefit of the wisdom of hindsight, this was a terrible blunder since the silver content of the coin was worth much more than 50 cents, and these coins were withdrawn very quickly.
What is the value of a 1933 Australian cent?
The Australian 2 cent coin was introduced at the changeover to decimal currency in 1966. There were no Australian "cent" coins minted prior to 1966.
How do they make Australian coins?
The two general circulation Australian coins that have a gold coloured appearance are the One and Two Dollar coins. They are both made from 92% copper, 6% aluminum and 2% nickel. Non-circulating Australian gold coins are usually made from 22 carat gold. These are a specially minted coin for serious collectors and investors and are priced in accordance with the current rate for gold. No country with responsible financial management could afford to circulate coins made from gold.
When did the first Australian 50 cent coin come out?
The first Australian 50 cent coin was issued on the 14th of February, 1966, along with the rest of the initial release of Australian decimal coins and banknotes. The original 1966 50 cent coin was round and had an 80% silver content. Due to steep increases in the proce of silver, somebody figured out that the silver was worth more than 50 cents, so the coin was discontinued. All subsequent 50 cent coins were 12 sided and had no silver in them at all.
Is the Australian 2 cent silver coin a mistake?
Australian 2 cent coins were issued from 1966 until 1984 and were made from 97% copper, 2.5% zinc and 0.5% nickel. No general circulation Australian 2 cent coin contained any silver. If you have a silver Australian 2 cent coin, it is because somebody plated it. In 2006, the Royal Australian Mint (RAM) issued a pure gold and a pure silver set of coins, including the 2 cent coin, to commemorate the 40th Anniversary of the Decimal Currency in Australia. The coins were never issued individually.
Why was the metallic composition and shape of the 1966 Australian 50 cent coin changed?
The Australian 1966 50 cent coin was the first and last round Australian 50 cent coin produced by the Royal Australian Mint. With the wisdom of hindsight, this coin was a bit of a blunder on the part of the Royal Australian Mint. It was only very slightly larger in size to the Australian 20 cent coin and it had an 80% silver content at a time when the price of silver was increasing rapidly. It took only three of these coins to get one ounce of silver.
How can you tell if a 1966 Australian 50 cent coins was minted in Canberra?
All 1966 Australian 50 cent coins were minted in Canberra. They have the distinction of possibly being the most hoarded coin in Australia.
