Coins of Australia Coins of Australia Australian coins refers to the coins which are or were in use as Australian currency. During the early days of the colonies that formed Australia, foreign currency was used, but in 1910, a decade after federation, Australian coins were introduced. Australia used pounds, shillings and pence until 1966, when it adopted the decimal system with the Australian dollar divided into 100 cents. With the exception of the first Proclamation Coinage and the holey dollars, all Australian coins remain legal tender despite being withdrawn from circulation. For many years after the first Australian colony, New South Wales, was
Coins of the pound sterling one-pound coin, depicts the entire shield of arms on the reverse. All current coins carry a Latin inscription whose full form is , meaning "Elizabeth II, by the grace of God, Queen and Defender of the Faith". In addition to the circulating coinage, the UK also mints commemorative decimal coins (crowns) in the denomination of five pounds. Prior to decimalisation, the denomination of special commemorative coins was five shillings, that is, of a pound. Crowns, therefore, had a face value of 25p from decimalisation until 1981, when the last 25p crown was struck. Ceremonial Maundy money and bullion coinage of