In 2016 the Royal Australian Mint released a full set of six pieces to commemorate fifty years since the introduction
of decimal currency in Australia. The
This five cent piece includes the iconic Kangaroo design by Kruger Gray that was used on Australian Pennies and Half Pennies.
This internal coin features the simplified
The Australian pound came into being in 1910 and lasted until 1966. 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 discussed. 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. This coin celebrates this event.
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