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Australia Australian Coin Centenary

2010-B Silver Proof One Dollar reverse 2010-B Silver Proof One Dollar obverse

2010-B Silver Proof One Dollar

Mintage:2,000
Reverse Designer:Vladimir Gottwald Obverse Designer:Ian Rank-Broadley Size:25mm Weight:11.66g Edge:Interrupted Composition:99.9% Silver

Values

Sales History

In 1910 the first coinage was issued featuring the name of the Commonwealth of Australia. To commemorate a century since this important event in Australian numismatic history the Royal Australian Mint has released a special one dollar design. This reverse was designed by Vladimir Gottwald who has recreated the the portraits of the four monarchs who have appeared on Australian coinage from 1910 to 2010. The four monarchs - Queen Elizabeth II, King George VI, King George V, and King Edward VII are overlaid in order on the coin. The reverse legend states the denomination "ONE DOLLAR" and "100 YEARS OF AUSTRALIAN COINAGE." The obverse houses the Ian Rank-Broadley portrait of HM with the legend "ELIZABETH II AUSTRALIA 2010". Eight privy-mark varieties were produced; Perth (P), Melbourne (M), Hobart (H), Darwin (D), Canberra (C), Brisbane (B), Adelaide (A), and Sydney (S).

Hobart (H) privy-mark on 2010-H (Coin Centenary) one dollar piece. Hobart (H) privy-mark on 2010-H (Coin Centenary) one dollar piece.

Following Australian Federation in 1901 discussions to establish a national currency began immediately. In 1910 the first Australian coins were struck and despite calls for a decimialised currency the coins followed the British system with pounds, shillings and pence. The currency was awkward, with each pound being subdivided into 20 shillings each of 12 pence. In the 1950s the economic importance of switching to a decimal currency became heavily argued. The key argument was that the pound made financial transactions unnecessarily difficult, it was calculated that this difficulty caused the loss of more than 11 million to the Australian economy every year. After much political debate the 14th of February 1966 was chosen as Changeover Day - when the new Australian decimal dollar took over.

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