Proposed New Coins Currency Determination 2012 Number 1

January 31, 2012

The first currency determination for 2012 was made in parliament on 19th January 2012 and published just yesterday. It outlines additions to the currency act of 1965 for new commemorative legal tender that may be produced by the Royal Australian Mint. It provides details of new designs and the characteristics of the proposed coins. Remember these are just proposed designs and until we see them minted they are just that.

New designs we are likely to see:

1. The most interesting inclusion in this currency determination is a circulating commemorative coloured $2 coin. This would be the first circulating coloured coin and the first commemorative $2 coin if this coin comes to fruition.

2. Commemorating the 50th Anniversary of the Australian Ballet. Two NCLT 50c coins one cupro-nickel and one in silver proof. The reverse design includes 2 ballet dancers performing by designer Aaron Baggio.

3. Wheat Sheaf $1 with a Canberra Bluebell counterstamp to be struck for the Canberra Festival ENLIGHTEN on the mobile coin press. The Royal Bluebell is the floral emblem of the ACT.

4. Titled "Australian Decimal Effigiies" is this one dollar the first in a series? The proposed $1 reminisces the Arnold Machin portait used from 1966 to 1984 of Queen Elizabeth II on the reverse with the 2012 Ian Rank-Broadley portrait also of QEII on the obverse. Is this a double headed coin! This 25mm coin is to be struck in fine silver in gem unc and proof finish.

5. $5 silver proof coloured coin featuring the constellation Crux in a field of stars superimposed over a representation of a compass.

6. $5 in a bronze antique finish composed of aluminium zinc and bronze with a design of the Perth Town Hall.

Posted by harrisk at January 31, 2012 9:00 AM
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