Newfoundland 2 dollar coin minted in London. Newfoundland's two dollar coin was broadly used not only in Newfoundland, but also in Eastern Canada in general. The supply of the coins "virtually disappeared" in 1894, when Newfoundland's banks and monetary system collapsed. With paper banknotes being distrusted, the gold coins were hoarded, as well as two next-highest Newfoundland denominations, the silver 50-cent and 20-cent pieces. With its two-dollar coin, Newfoundland became the only British colony to issue circulating gold coinage apart from Sydney Mint which issued Australian sovereigns from 1855 onwards. Gold coinage was used in Canada and other British domains. For example, in the
Australian one dollar coin the 1984 head of Queen Elizabeth II by Arnold Machin; between 1985 and 1998 the head by Raphael Maklouf; and since 1999 the head by Ian Rank-Broadley. The coin features an inscription on its obverse of AUSTRALIA on the right-hand side and ELIZABETH II on the left-hand side. The reverse features five kangaroos. The image was designed by Stuart Devlin, who designed Australia's first decimal coins in 1966. The one dollar and two dollar coins are legal tender up to the sum of not exceeding 10 times the face value of the coin concerned. The Royal Australian Mint has released