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The Australian Dollar coin was first issued in 1984.
There was a One Dollar coin minted in 1967, but it was not for general circulation, and it is not even regarded as an official Australian coin. It was known as the "Swan Dollar".
It was a very limited mintage, Proof coins in silver and gold specifically for collectors.
The obverse depicts a swan in flight, the with the word "Australia", a crown and 1967.
The reverse has a design of Australian flora with a large 1.00 across the coin.
In their original condition and packaging, the silver coins could get up to $1,000 AUD. The gold coins could get up to $12,000 AUD. Only ten were minted and two are known to have been destroyed in the Ash Wednesday bushfires.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoThe Australian Two Hundred Dollar coin in not a circulating coin, it is minted for investors and collectors and are issued with some sort of theme associated with them.
Most commonly, they are 22 carat or 91.67% gold.
Some were produced as 24 carat or 99.9% pure gold.
Whatever they are, the specific details will be written on the packaging they are issued in.
Wiki User
∙ 13y agoNo circulating Australian decimal coin has any silver content.
The only Australian decimal coin to ever have silver in it was the 1966 50 cent coin.
It was recognised to be an error of judgement very quickly when the price of silver soared in 1967 and the coin was withdrawn from circulation almost overnight, since the silver in the coin had become worth much more than 50 cents.
The Australian 1966 50 cent coin was made from 80% silver and 20% copper.
All subsequent Australian 50 cent coins from 1969 onwards have been made from 75% copper and 25% nickel and are 12 sided.
Wiki User
∙ 13y agoApart from the 1966 50 cent coin which had an 80% silver content, no Australian general circulation decimal coin has any silver at all.
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What is the value of silver in an Australian 50 cent coin?
No currently circulating Australian coin contains any silver. The only Australian 50 cent coin to contain any silver was the round 1966 coin which had an 80% silver content, about 0.3416 ounces. At today's prices about $10.70 USD.
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.
Is there any silver in a Queen Elizabeth II 1966 Australian 20 cent coin?
There is no silver in any circulating Australian decimal coin.
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.
When did the Australian 50 cent piece change from being round to having straight edges?
The first and only round Australian 50 cent coin was minted in 1966 and was withdrawn shortly afterwards due to the steep rise in the price of silver. The 1966 round 50 cent coin had an 80% silver content. The next Australian 50 cent coin to be issued was in 1969. It was dodecagonal (12 sided) and made from a copper-nickel alloy.
When was the last round Australian 50 cent coin made?
The first, last and only year the round Australian 50 cent coin was issued was in 1966. They were made with an 80% silver content. The price of silver skyrocketed around this time and the silver was worth more than the coin, so they were withdrawn from circulation in 1967. The next Australian 50 cent coin was issued in 1969. It was dodecagonal (12 sided) and made from the more commonplace and cheaper copper-nickel alloy.
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.
Why isn't the Australian 50 cent coin round anymore?
The round Australian 50 cent coin was only ever issued once, in 1966. Three of these 50 cent coins contained one ounce of silver and, as the price of silver increased, the silver content was worth much more than the face value of the coin. The round 50 cent coin at 31.5 mm was also considered to be too similar in size to the 20 cent coin at 28.52 mm. The replacement 12 sided (dodecahedronal) 50 cent coin first issued in 1969 is still 31.5 mm, but its distinctive shape makes it stand out in appearance and feel from other Australian coins.
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.
What is the value of a 1963 twenty five cent silver coin?
About $3.25 for its silver content.
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 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.
