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Decimal Currency

2016

In 2016 the Royal Australian Mint released a full set of six pieces to commemorate fifty years since the introduction of decimal currency in Australia. The obverse of each of these pieces includes an internal Australian pre-decimal coin design underneath an Ian Rank-Broadley portrait of HM Queen Elizabeth II. This one dollar piece includes the Australian Coat of Arms design by Kruger Gray as featured on a number of pre-decimal coins. Gray's initials can be found behind the Emus neck (see image below). The obverse legend states "ELIZABETH II AUSTRALIA 2016 FIFTY YEARS". The reverse features the standard one dollar design by Stuart Devlin.

Initials (K.G) of designer Kruger Gray on the obverse of the 2016 (50 Years of Decimal Currency) Proof One Dollar coin.

The Australian pound came into being in 1910 and lasted until 1966. The currency was awkward, with each pound being subdivided into 20 shillings each of 12 pence. In the 1950s the economic importance of switching to a decimal currency became heavily discussed. The key argument was that the pound made financial transactions unnecessarily difficult, it was calculated that this difficulty caused the loss of more than £11 million to the Australian economy every year. After much political debate, the 14th of February 1966 was chosen as Changeover Day - when the new Australian decimal dollar took over.

a facility that produces coinsCurrency in equivalent units of base 10The tails side of the coinThe heads side of the coinThe inscription around the inner edge of the coin

 MintageAU50AU55AU58MS64MS65MS66MS67MS68MS692016 Unknown5.608.5012506690120200560 MintagePR65DCAMPR66DCAMPR67DCAMPR68DCAMPR69DCAMPR70DCAM2016 ProofUnknown2735466173220Values are in AUD and are retail price estimations based on past sales of coins certified by PCGS or NGC and as such values only related to such graded coins. Uncertified coins or coins graded by other services would likely be worth significantly less. For wholesale pricing please refer to the Red Sheet. While all attempts to ensure accurate pricing, data entry errors can occur and as such no warranty is expressed or implied as to the accuracy of any information published on this website. It is important to verify all published sales to ensure the accuracy of the pricing when making any purchase decision. Any personal information provided to us is protected by the Privacy Act 1988.