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 pound sterling and have ceased to be legal tender. <nowiki>* The specifications and dates of 5p, 10p, and 50p coins refer to the larger sizes issued in 1968 and 1969 respectively. † The specification refers to the round coin issued from 1983–2016. Although obsolete, this coin is still redeemable at banks and still legal tender on the Isle of Man.</nowiki> All modern British coins feature a profile of the current monarch's head on the obverse. There has been only one monarch since decimalisation, Queen Elizabeth II, so her head appears on all decimal coins, facing to the right (see also Monarch's head,