Australian two-dollar coin
|Composition||92% Copper, 6% Aluminium, 2% Nickel|
|Years of minting||1988–present|
|Design||Queen Elizabeth II, Queen of Australia|
|Design||Male Aboriginal Elder|
The Australian 2 dollar coin is the highest-denomination coin of the Australian dollar. It was first issued on 20 June 1988, having been in planning since the mid-1970s. It replaced the Australian two-dollar note due to having a longer circulatory life.
In accordance with all other Australian coins, the obverse features the portrait of the reigning monarch, who during the lifetime of the coin has only been Queen Elizabeth II. From 1988 to 1998 the portrait of her was by ( Raphael Maklouf ) before being replaced in the following year by one sculpted by Ian Rank-Broadley.
Designed by Horst Hahne, the reverse depicts an Aboriginal Elder, inspired by an Ainslie Roberts drawing of Gwoya Jungarai, known as One Pound Jimmy. However, the design is not intended to depict any person in particular. The design also incorporates the Southern Cross and native grasstrees. The initials of its designer, Horst Hahne, were removed from the design from 1990 onwards.
All two-dollar coins have been struck at the Royal Australian Mint in Canberra. 160.9 million coins were minted in the first year of issue. It has been issued in all years since except 1991, with an average mintage of 22 million coins per annum from 1989 to 2008.
In 2012, the Australian mint released the first ever different designed 2 dollar coin. It features a poppy flower, with the words LEST WE FORGET and REMEMBRANCE DAY in the background of the coin. There had been no commemorative designs for this issue, until the 2012 Remembrance coin was minted. On 21 June 2013, a second commemorative 2 dollar coin was launched by the Royal Australian Mint. This coin, commemorating the 60th anniversary of the coronation of Queen Elizabeth II, featured a purple circle bordering St Edward's Crown. It was therefore the first coloured circulating coin to be released in Australia.
When the coin was introduced there were complaints that the coin was too small for its value and was easily lost, or counterfeited by placing two 5 cent pieces together and colouring them gold. However, with an uninterrupted milling on the 5 cent and the 2 dollars having 5 grooves in 4 lots separated by 7mm length of the side, identification is easy. It has the same size and milling as the 10 Swedish kronor.
Its smaller size in comparison to the $1 coin can lead to confusion for visitors from outside Australia.
The coin has only been struck at the Royal Australian Mint in Canberra, the nation's capital. The only year that had no production was 1991, due to the large amount issued for its introduction in 1988.
- 1988: 160,900,000
- 1989: 31,600,000
- 1990: 10,300,000
- 1991: 0
- 1992: 15,500,000
- 1993: 4,900,000
- 1994: 22,100,000
- 1995: 15,500,000
- 1996: 13,900,000
- 1997: 19,000,000
- 1998: 8,700,000
- 1999: 27,300,000
- 2000: 5,700,000
- 2001: 35,600,000
- 2002: 29,700,000
- 2003: 13,700,000
- 2004: 20,000,000
- 2005: 45,500,000
- 2006: 40,500,000
- 2007: 26,000,000
- 2008: 47,000,000
- 2009: 74,500,000
- 2010: 19,800,000
- http://worldcoingallery.com/countries/display.php?image=img11/10-2d03&desc=Australia km406 2 Dollars (2001--)&query=Australia
- Pitt 2000 p. 88
- Royal Australian Mint - Designs & Products - Two Dollars
- Royal Australian Mint - Frequently Asked Questions - About Australian Coins
- "Governor-General launches Australia's first purple striped coin".
Two Dollar Note (Australian)
|Two Dollars (Australian)