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Australia Aged Pension

2009  One Dollar reverse 2009  One Dollar obverse

2009 One Dollar

Mintage:10,165,950
Reverse Designer:Wojciech Pietranik Obverse Designer:Ian Rank-Broadley Size:25mm Weight:9g Edge:Interrupted Composition:92% Copper
6% Aluminium
2% Nickel

Values

Sales History

The Centenary of the Age Pension one dollar coin was issued in 2009 to commemorate a century since the formation of the age pension in Australia. The reverse of this pieces features Wojciech Pietranik's impression of two old age pensioners surrounded by their family. The reverse legend states "CENTENARY OF COMMONWEALTH AGE PENSION" and "SECURITY - SUPPORT - DIGNITY". The obverse features the Ian Rank-Broadley portrait of Queen Elizabeth II with the standard legend "ELIZABETH II AUSTRALIA 2008".

The newly formed Commonwealth Parliament passed the Invalid and Old-Age Pensioners Act into law in 1908. This legislation provided security to Australia's then quite small elderly population. Much debate occurred in the lead up to the legislation's introduction with most of the focus being on how to fund the pensions and whether these schemes should be the responsibility of state or commonwealth. Eight years earlier the state of New South Wales had introduced legislation allowing white Australians who had resided there for at least 15 years and whose income was less than 50 pound a year to receive a pension of ten shillings a week. (National Museum of Australia, 2017) This one dollar piece commemorates the importance of these social policies that have provided older Australian's with consistent support, security, and dignity.

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