The Australian two-cent coin was introduced in 1966 and was the coin of the second-lowest denomination until it was
withdrawn from circulation in 1992 (along with the
one-cent piece). It is still counted as legal tender, but is subject to some restrictions, and
one-cent and two-cent coins are legal tender only up to the sum of 20 cents.
History
The coin entered circulation on 14 February 1966. In its first year of minting the coin was manufactured at three different mints: 145.2 million at the
Royal Australian Mint
The Royal Australian Mint is the sole producer of all of Australia's circulating coins and is a Commonwealth Government entity operating within the portfolio of the Treasury. The Mint is situated in the Australian federal capital city of Canberr ...
in
Canberra, 66.6 million at the
Melbourne Mint
The Melbourne Mint, in Melbourne, Australia, was a branch of the British Royal Mint. It minted gold sovereigns from 1872 until 1931, and half-sovereigns (intermittently) from 1873 until 1915. In 1916 it commenced minting Commonwealth silver ...
and 217.7 million at the
Perth Mint
The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia. Established on 20 June 1899, two years before Australia's Federation in 1901, the Perth Mint was the last of three Australian col ...
. The only year that the coins were minted outside Australia was 1981, when 70.8 million were struck at the British
Royal Mint in
Llantrisant,
Wales
Wales ( cy, Cymru ) is a country that is part of the United Kingdom. It is bordered by England to the east, the Irish Sea to the north and west, the Celtic Sea to the south west and the Bristol Channel to the south. It had a population in ...
, in addition to 97.4 million from Canberra and 81.8 million from Perth. No two cent coins were struck in 1986 or 1987 and the last year of minting was 1989.
From 1966 until 1984 the obverse featured the portrait of
Queen Elizabeth II by
Arnold Machin. It was changed in 1985 to a version by
Raphael Maklouf, which remained until its withdrawal from circulation in 1992.
The 2c was only minted for coin sets in the following years: 1986, 1987, 1990, 1991, and finally, 2006.
The decision to remove it was confirmed in the Treasurer's budget speech of 21 August 1990. The removed was due to
inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduct ...
reducing its value, and the high cost of bronze. Around the same time other countries removed their bronze coins—New Zealand removed its one and two cent coins in 1990, while the United Kingdom and Ireland replaced their bronze one and two pence coins with copper-plated steel coins. After removal from circulation, some of the coins were melted down to make
bronze medals for the
2000 Summer Olympics
The 2000 Summer Olympics, officially the Games of the XXVII Olympiad and also known as Sydney 2000 ( Dharug: ''Gadigal 2000''), the Millennium Olympic Games or the Games of the New Millennium, was an international multi-sport event held from ...
in
Sydney, Australia.
Press Release from the Royal Australian Mint
7 June 2000,
Features
The reverse side of the coin features the image of a Frill-necked lizard
The frilled lizard (''Chlamydosaurus kingii''), also known as the frill-necked lizard or frilled dragon, is a species of lizard in the family Agamidae. It is native to northern Australia and southern New Guinea. This species is the only member o ...
(''Chlamydosaurus kingii''), a reptile native to northern Australia and southern New Guinea
New Guinea (; Hiri Motu: ''Niu Gini''; id, Papua, or , historically ) is the world's second-largest island with an area of . Located in Oceania in the southwestern Pacific Ocean, the island is separated from Australia by the wide Torr ...
. The image was designed by Stuart Devlin
Stuart Leslie Devlin (9 October 1931 – 12 April 2018) was an Australian artist and metalworker who specialised in gold and silver. He designed coins for countries around the world, and became especially well known as London-based design ...
, who designed the reverses of all Australian decimal coins introduced in 1966.
References
Sources
*
Prospect Stamps and Coins
Decimal coins of Australia
Two-cent coins
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