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The Australian 1 and 2 cent coins were removed from the currency because their purchasing power was negligible and subsequently, they had become relatively expensive to mint.
If Australia ever suffers from hyper-inflation where there are huge price increases on a daily basis, the traditional cure is to freeze the currency, then devalue it against the world economy. Should this situation ever eventuate, we may see the 1 and 2 cent coins back in the currency, possibly with a half cent coin as well.
If Australia's economy remains relatively well managed as it currently is and has been, there is not much chance you will ever see the 1 and 2 cent coins again.
What else can I help you with?
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 The last Australian 1 cent coins were issued for circulation in 1990 and they were progressively withdrawn from circulation in 1994.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 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 They were progressively withdrawn from circulation in 1992.
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 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.
Why were the Australian 1 and 2 cent coins withdrawn from circulation?
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 are the values of 1966 and 1971 Australian silver 2 cent coins?
Australian 2 cent coins were made from bronze. If you have silver 2 cent coins it would be because somebody plated them. They are no longer in circulation, but unless they are part of a proof set, they are worth 2 cents.
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 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.
Is the 1970 Australian Captain Cook 50 cent being removed from circulation?
All coins sooner or later will be removed from circulation due to wear and tear. The 1970 Australian Captain Cook 50 cent coins are nearly 40 years old, but they are not being specifically targetted for removal.
How many Australian coins are a silver colour?
Silvery coloured Australian coins in general circulation are the 5, 10, 20 and 50 cent coins. Their composition is 75% copper and 25% nickel. There is no silver in any circulating Australian coin.
What Australian coins have animals on them that do not swim?
Most animals will swim if there is very good reason for them to.The only animal on Australian general circulation (non-commemorative) coins that is known for swimming is the duck-billed platypus featured on the Australian 20 cent coin.The rest are not known for their swimming skills -1 cent = Feather Tailed Glider (no longer in circulation)2 cent = Frill Neck Lizard (no longer in circulation)5 cent = Echidna10 cent = Lyre Bird20 cent = Platypus50 cent = Australian Coat of Arms inc. kangaroo and emu1 Dollar = 5 Kangaroos2 Dollar = A bust of an Aboriginal elder
