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Spanish dollars were sometimes cut into "pieces of eight", quarters, and then into 2/3 and 1/3 segments, with the 2/3 segments (1/6 of original coin) being "shillings" and the 1/3 segments (1/12 of original coin) "sixpences" [1] In 1791 Governor Phillip of New South Wales fixed the value of the Spanish dollar to equal five shillings.
1852 Type 1 Adelaide Pound: These pounds were the first Australian gold coins, which makes them very attractive to collectors and dealers. The 1852 Type 1 version is even more valuable because of ...
This allows banks to count the value of a collection of any combination of those coins. The original 50c coin was circular and contained 80% silver and 20% copper, and the metal in the coin quickly became worth more than 50c. It had almost identical dimensional specifications to the British half crown coin. However, to avoid confusion with the ...
The Australian penny was a coin of the Australian pound, which followed the £sd system. It was used in the Commonwealth of Australia prior to decimalisation in 1966. One Australian penny was worth 1 ⁄ 12 Australian shilling , 1 ⁄ 24 Australian florin , 1 ⁄ 60 Australian crown , and 1 ⁄ 240 Australian pound .
The combined nominal value in NSW of the holey dollar and the dump was 6s 3d (6 shillings, 3 pence), or 25 per cent more than the value of a Spanish dollar; this made it unprofitable to export the coins from the colony. The project to convert the 40,000 Spanish coins took over a year to complete.
A year later Australian pennies and half-pennies entered circulation. Unlike in New Zealand, there was no half-crown. In 1931 gold sovereigns stopped being minted in Australia. A crown or five-shilling coin was minted in 1937 and 1938. Coinage of the Australian pound was replaced by decimalised coins of the Australian dollar on 14 February 1966 ...