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The Royal Australian Mint is the national mint of Australia, and the primary production facility for the country’s circulating coins. The mint is a Commonwealth Government entity operating within the portfolio of the Treasury , and is situated in the Australian capital city of Canberra , in the suburb of Deakin .
The first issue (1966) was produced by three mints: 146.5 million were minted at the Royal Australian Mint in Canberra, with 239 million at the Melbourne Mint and 26.6 million at the Perth Mint. With the exception of 1966 and 1981, all other one-cent coins have been produced at the Canberra mint.
Australia's first official mint was in Sydney, founded in 1855. It produced gold coins with an original design between 1855 and 1870, with "Sydney Mint, Australia, One Sovereign" on one side and Queen Victoria on the other, or "Sydney Mint, Australia, Half Sovereign", before starting in 1870 to mint gold coins of British design.
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The coin was introduced into circulation on 14 February 1966. In its first year of minting, 30 million were struck at the British Royal Mint (then in London), in addition to 45.4 million at the Royal Australian Mint in Canberra. Since then, with the exception of 1981, the coin has been produced exclusively in Canberra.
It assisted the Royal Australian Mint in Canberra in producing one cent coins from 1966 to 1968 and two cent coins in 1966. [3] From 1969 all coin production moved to the Royal Australian Mint in Canberra, and the building housing the coin minting equipment was demolished shortly afterwards. [ 4 ]
The Royal Australian Mint regularly releases collectable coins, one of the most famous of which is the 1980–1994 gold two-hundred-dollar coin series. [7] Australian collectable coins are all legal tender [ 8 ] and can be used directly as currency or converted to "normal" coinage at a bank.
The Australian Silver Kangaroo is a one troy ounce silver bullion coin minted by the Royal Australian Mint in Canberra, Australia. They have legal tender status in Australia. [citation needed] The Silver Kangaroo series was introduced in 1993. [1]