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 a number of commemorative issued coins since the Australian $1 was released in 1984, some of which were not released into circulation. Australian one dollar coin The Australian one dollar coin is the second-most-valuable circulation denomination coin of the Australian dollar after the two-dollar coin; there are also non-circulating legal-tender coins of higher denominations (five-, ten-, two-hundred-dollar coins and the one-million-dollar coin). It was first issued on 14 May 1984 to replace the one-dollar note which was then in circulation, although plans to introduce a dollar coin had existed since the mid-1970s. The first year of minting saw 186.3 million