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,
Twopence (British pre-decimal coin) below and to the right. Above, on the rim, is incused the word , and on the rim below the image is incused the date . The reverse was also designed by Kuchler. The word appears next to the shield, indicating that the coin came from the Soho Mint. Twopence (British pre-decimal coin) The pre-decimal twopence (2d) was a coin worth one one-hundred-and-twentieth of a pound sterling, or two pence. It was a short-lived denomination, only being minted in 1797 by Matthew Boulton's Soho Mint. Before Decimal Day in 1971, two hundred and forty pence equaled one pound sterling. Twelve