Coins of the Australian pound Coins of the Australian pound Federation in 1901 gave the Commonwealth a constitutional power to issue coins and removed this power from the States. However, British coins continued in use until 1910, when Australian silver coins were introduced. These included florins, shillings, sixpences and threepences. They had a portrait of King Edward VII on one side. Australian pennies and half-pennies were introduced into circulation the following year. In 1931 gold sovereigns stopped being minted in Australia. A crown or five-shilling coin was minted in 1937 and 1938. In 1898 the British government allowed two colonies, New South Wales and Victoria,
Coins of the Manx pound the circulating coins. One reason for this is to increase sales to collectors, which can be an important source of income in small countries. The Manx pound matches the pound sterling and went decimal in 1971, with the UK, however since this date the Isle of Man has been at the forefront of coin innovation: The £1 coin was introduced on the Isle of Man in 1978, 5 years before the United Kingdom's equivalent, and there is currently a circulating £5 coin. Below are descriptions of some of the different designs in circulation from the Isle of Man. This page