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Australia had no "Australian" currency until 1910 when the British system of Pounds, Shillings and Pence was adopted. Initially, the British currency was used but, due to a shortage of coinage in Britain due to the Napoleonic Wars, alternatives were employed including promissory notes, coins from other countries overstamped or with the centres punched out. Due to the inevitable problems this caused, the British shipped more coinage to the Colonies which overcame the problem temporarily. Another attempt at patching the problem was merchants tokens and the minting of gold coins from the various gold rushes by the newly established Sydney Mint on behalf of the Royal Mint in London. Several attempts at printing paper money failed but eventually succeeded.

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16y ago

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