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Coins & Currency > The Official Blackbook Price Guide to World Coins 2008, Edition #11

The Official Blackbook Price Guide to World Coins 2008, Edition #11




Price: $7.99
The Official Blackbook Price Guide to World Coins 2008, Edition #11

AUSTRALIA / 141 AUSTRALIA Australia’s currency is based on the decimal system: one hundred cents (100c) equals one Australian dollar ($1). Decimal currency was introduced in Australia on 14 February 1966 and replaced the imperial system of pounds, shillings, and pence. Like most national currencies, Australia’s currency consists of both coins and currency notes. At various times Australian coins have been made in San Francisco, London, Birmingham, Bombay, and Calcutta, but, today, all Australian circulating coins are produced at the Royal Australian Mint in Canberra. All Australian currency notes are produced by Note Printing Aus-tralia, an autonomous division of the Reserve Bank of Australia, lo-cated at Craigieburn, just outside Melbourne. BRIEF HISTORY OF AUSTRALIA’S COINS The early inhabitants of the penal colony of New South Wales brought with them English coins as well as those from ports of call on the long voyage. Many different coins and tokens were traded in the colony for differing values, sometimes based vaguely on the value of the coin’s metal content. As this was an unsatisfactory way of conducting transactions, Gover-nor King, in 1800, issued a proclamation to establish a uniform value for the most common coins. The lowest value of two pence was given to a copper coin of one ounce. Various other coins such as rupees, ducats, guilders, and guineas were assigned higher values. Front: Portuguese Johanna Back: Ducat

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