$2 coin celebrates 30th birthday at Royal Australian Mint - Hallo friendsGOOD OF CONEX NEWS, In the article you read this time with the title $2 coin celebrates 30th birthday at Royal Australian Mint, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article health, Article news, Article sport, Article tips, Article treatment, We write this you can understand. Alright, good read.

Title : $2 coin celebrates 30th birthday at Royal Australian Mint
link : $2 coin celebrates 30th birthday at Royal Australian Mint

$2 coin celebrates 30th birthday at Royal Australian Mint

You may not have as many jingling in your purse or pocket as you did a few years ago, but the durability of the $2 coin means it could be around for decades to come, despite Australia's shift towards a cashless society.

It's 30 years today since the small copper, aluminium and nickel coins replaced the green paper notes that had been in circulation since the introduction of decimal currency in 1966.

The coin's image of an Aboriginal tribal elder was designed by Horst Hohne, who was inspired by an artwork by Ainslie Roberts.

The Royal Australian Mint was also instructed to include the Southern Cross and Australian flora.

By the numbers

• The Royal Australian Mint has produced about 864 million $2 coins since 1988
• More than 160 million were minted in 1988 alone
• Over 15 million commemorative coins have entered into circulation since 2012
• The Mint can produce up to 200,000 $2 coins per machine per day
• Each 44-gallon coin drum contains 100,000 $2 coins and weighs 693 kilograms
• The $2 coin is made from copper (92%), aluminium (6%) and nickel (2%)

Source: Royal Australian Mint

"I'd think you'd agree, if you have a look at the $2 coin [that] those elements actually came out beautifully," said Mint chief executive Ross MacDiarmid.

The traditional Queen's portrait was designed by Raphael Maklouf and was replaced in 1999 with one sculpted by Ian Rank-Broadley.

Australia's first coloured coin

In 2012, the Mint introduced colour on the coins, starting with a red poppy in honour of Australian servicemen and women.

"We've used colour on a range of different commemorations or celebrations, major events [such as] the Olympic Games, the Commonwealth Games," Mr MacDiarmid said.

Planning for a $2 coin began around the same time as that for the $1 coin, which was introduced in 1984.

At the time, the average life of the paper notes was only five years, compared to between 25 and 40 years for coins.

Despite some public concern at the coin's small size, Mr MacDiarmid said there had much discussion before it was introduced.

"They went through a very deliberate consultation process with the visually impaired, with the general public," he said.

"They all felt that something small but something quite substantial in terms of its weight and thickness was more appropriate than perhaps something larger."

The coin's 30th birthday has been celebrated at the Mint with the launch of a commemorative set that features 12 $2 coin designs.

Mr MacDiarmid conceded that the future of the five and 10-cent coins was uncertain.

But he said the higher-denomination coins had a stronger future.

"I think you're going to see 50 cents and the $1 and $2 around for a lot longer.

"Less cash but still having those coins available."

Let's block ads! (Why?)

Thus Article $2 coin celebrates 30th birthday at Royal Australian Mint

That's an article $2 coin celebrates 30th birthday at Royal Australian Mint This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article $2 coin celebrates 30th birthday at Royal Australian Mint with the link address https://coneknews.blogspot.com/2018/06/2-coin-celebrates-30th-birthday-at.html

Tweet

Subscribe to receive free email updates: