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The Australian 1 and 2 cent coins had become virtually worthless by the late 1980's, and considering their face value, they cost a lot to produce, more so because of the rising price of copper.
The last Australian 1 cent coins were put into general circulation in 1990 and the last 2 cent coins were put into general circulation in 1989. They were both progressively withdrawn from circulation in 1994 and all prices rounded off to the nearest 5 cents.
The Australian 1 and 2 cent coins have not been de-monetised and are still considered to be legal tender and can be deposited in banks.
What else can I help you with?
What does a 2011 Australian 1 cent coin look like?
Such a coin does not exist. The last Australian 1 cent coins were issued for circulation in 1990. They were progressively withdrawn from circulation in 1992.
What years was the Australian 1 cent coin in circulation?
The Australian 1 cent coin, along with the 2, 5, 10, 20 and 50 cent coins, were first issued on the 14th of February, 1966 for the introduction of Australia's decimal currency. The last Australian 1 cent coins were issued for circulation in 1990 and they were progressively withdrawn from circulation in 1994.
What happened to the Australian 1 cent coin when it was old and damaged?
All damaged coins are withdrawn from circulation at the bank and returned to the Mint for melting down.
What coins and bills are used in Australia today?
Australia's current currency is made up of the 5, 10, 20, 50 and 100 Dollar notes. General circulation coins include the 5, 10, 20 and 50 cent coins and the 1 and 2 Dollar coins. The Australian 1 and 2 cent coins were withdrawn from circulation in 1992.
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 They were withdrawn from circulation when the price of silver skyrocketed in 1967.
How valuable are Australian one cent coins?
Australian 1 cent coins are no longer in circulation, but unless they are part of a proof set or are in mint condition, they are worth 1 cent.
What are the specifications of an Australian 1 cent coin?
The Australian 1 cent coin was first issued on the 14th of February, 1966, and general circulation coins have the following specifications - 1 cent coin - has a coppery appearance, weighs 2.59 grams, is 17.53 mm in diameter, has a plain edge and is made from 97% copper, 2.5% zinc and 0.5% tin. The Australian 1 cent coin maintained the same specifications from its first to last issue and features a feather-tailed glider on the reverse. The 1 cent coins were withdrawn from circulation in 1994, but remain legal tender.
What are the specifications of an Australian 2 cent coin?
The Australian 2 cent coin was first issued on the 14th of February, 1966, and general circulation coins have the following specifications - 2 cent coin - has a coppery appearance, weighs 5.18 grams, is 21.59 mm in diameter, has a plain edge and is made from 97% copper, 2.5% zinc and 0.5% tin. The Australian 2 cent coin maintained the same specifications from its first to last issue and features a frill necked lizard on the reverse. The 2 cent coins were withdrawn from circulation in 1994, but remain legal tender.
What is the most valuable Australian 2 cent coin?
Although the Australian 2 cent coin was withdrawn from circulation in 1994, they are still legal tender and are worth 2 cents. There are two Australian 2 cent coins that are considered to be valuable, the 1967 and 1968 coins, both minted at the Perth Mint. What makes them valuable is the missing designers initials (SD) below the lizard and to the left of the front right claw.
When did the Australian 1 and 2 Dollar coins come into circulation?
In view of their minimal purchasing power, the Australian 1 and 2 cent coins had became virtually worthless and considering their value, they were relatively expensive to make. The last Australian 1 cent coins were put into general circulation in 1990 and the last 2 cent coins were put into general circulation in 1989. They were both progressively withdrawn from circulation in 1994 and all prices rounded off to the nearest 5 cents. The Australian 1 and 2 cent coins have not been de-monetised and are still considered to be legal tender and can be deposited in banks. According to the Australian Currency Act of 1965, 1 and 2 cent coins are legal tender if, when submitted for payment, they do not exceed a combined value of 20 cents. There may be problems in getting a business to accept them however. The one cent coin was minted for "Mint Packs" only in 1991. The two cent coin was minted for "Mint Packs" only in 1990 and 1991. The only decimal copper coins used in Australia were the one and two cent coins.
What is the value of Australian 1 cent coin?
These coins are no longer in circulation, but unless they are part of a Proof or Uncirculated mint set or are individual Proof or Uncirculated coins and in absolute mint condition, they are worth 1 cent. The last Australian 1 cent coins were put into general circulation in 1990 and are now, no longer in circulation. There were "Mint Packs" released in 1991 for collectors.
How many coins in an Australian dollar?
There are 100 cents in the Australian Dollar. That can constitute - 20 x 5 cent coins. 10 x 10 cent coins. 5 x 20 cent coins. 2 x 50 cent coins. 1 x 1 Dollar coin. The 1 and 2 cent coins are no longer in circulation.
