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During the early days of the colonies that formed Australia, foreign as well as British currency was used, but in 1910, a decade after federation, Australian coins were introduced. Australia used pounds, shillings and pence until 1966, when it adopted the decimal system with the Australian dollar divided into 100 cents.
Pre-decimal Australian coins arose when the Federation of Australia gave the constitutional power to Commonwealth of Australia to mint its own coinage in 1901. The new power allowed the Commonwealth to issue legal tender rather than individually through the six former British self-governing colonies of Queensland , New South Wales , Victoria ...
The Australian threepence (pron. "thrippence"), commonly referred to as the "threepenny bit", is a small silver coin used in the Commonwealth of Australia prior to decimalisation. It was minted from 1910 until 1964, excluding 1913, 1929–1933 inclusive, 1937, 1945 and 1946.
The Australian florin was a coin used in the Commonwealth of Australia before decimalisation in 1966. The florin was worth two shillings (24 pence, or one-tenth of a pound). The denomination was first minted in 1910 to the same size and weight as the British florin.
The first Australian coins that were shipped bore the bust of Edward VII, who had died before the coins reached Australia. [5] The origin of the word sixpence is derived from "saxpence". [6] Another term for the sixpence is "zac", which was first recorded in Australian English in the 1890s. It was also used to mean "a trifling sum of money". [6]
One Australian penny was worth 1 ⁄ 12 Australian shilling, 1 ⁄ 24 Australian florin, 1 ⁄ 60 Australian crown, and 1 ⁄ 240 Australian pound. The coin was equivalent in its dimensions and value to the British pre-decimal penny, as the two currencies were originally fixed at par. The coin was introduced in 1911, while the last penny was ...
Australian currency was originally based on British pounds, shillings and pence. That changed in 1966, when the country converted to Australian dollars and cents, similar to the U.S. system. The ...
The Australian pre-decimal halfpenny coin, commonly known as a ha’penny (pronounced / ˈ h eɪ p ə n i /), [1] was the smallest denomination of the Australian Pound in circulation. It was a unit of currency that equalled half of a penny, 1 / 24 of a shilling, or 1 / 480 of a pound. [2]