Australian 1987 Mint Set

August 11, 2011

1987 Mint Set

The 1987 mint set is an uncirculated set of Australian coins for 1987. It features all standard reverse designs by Stuart Devlin from the 1c up to the $1 coin. The 2c, 10c, 20c, 50c and one dollar are all unique to this set and were not issued into circulation -it was only the 1c that was issued into circulation in 1987.

The obverse of all the coins feature the effigy of Queen Elizabeth II by Raphael Maklouf. They are housed in a plastic insert glued into a folded card with an outer slipcover.

The card talks about the earliest Australian coins traded from when the first settlers arrived in Australia in 1788. Carried into New South Wales with the First Fleet were British sixpence, shillings and the spade guinea. Lack of coinage led to the barter of items such as rum and the trade of other currencies such as Portugese johannas, Indian rupees and Spanish dollars. This led to Governer Macquarie's intention of punching out the centre of a spanish dollar founding the iconic holey dollar and dump which are exceptionally collectable rarities in today's market.

200,000 of this mint set were issued for $9.70 each. For other Mint Set issues see the master list The Australian Mint Set - Royal Australian Mint Uncirculated Year Set Issues.

1987 Mint Set

Posted by harrisk at August 11, 2011 10:30 AM
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