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What was gold used in the gold rush?

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Anonymous

11y ago
Updated: 10/11/2022

Prior to Australia introducing its own currency in 1910, the legal tender for the Australian Colonies was the British currency. The exact same coins as used in Britain.

To ease the strain on a not always reliable supply of coins from Britain, many traders had their own low denomination tokens struck with the traders name and address on them. These were only for use by customers of that business and within that business. These tokens are often misrepresented as "Australian" coins or currency. They were never legal tender.

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Madisyn Hayes

Lvl 13
3y ago

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