Currency (Perth Mint) Determination 2001 (No. 4)

Administered by Department of the Treasury

Legislation au F2005B03034 In force Legislative Instrument

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Currency (Perth Mint) Determination 2001 (No. 4)

I, IAN GORDON CAMPBELL, Parliamentary Secretary to the Treasurer, make this Determination under subsection 13A (1) of the Currency Act 1965.

Dated 19 December 2001

IAN CAMPBELL

Parliamentary Secretary to the Treasurer

Contents

Page

 1 Name of Determination 

 2 Commencement 

 3 Specification of coins 

 4 Application of Determination 

Schedule 1  

Part 1 Specifications of coins 

Part 2 Explanation of symbols 

 

 


 

 

1 Name of Determination

  This Determination is the Currency (Perth Mint) Determination 2001 (No. 4).

2 Commencement

  This Determination commences on gazettal.

3 Specification of coins

  This Determination specifies, for a coin having the denomination and standard composition specified in columns 2 and 3 of Part 1 of Schedule 1, the standard weight, the allowable variation from that weight, the dimensions and the design specified in columns 4, 5 and 6 of that Part.

4 Application of Determination

  The specifications in this Determination do not affect any other Determination of the specifications of a coin.

Schedule 1    

(section 3)

Part 1 Specifications of coins

 

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Item

Denomination (and, where relevant, nominal weight in ounces or kilograms)

Standard composition

Standard weight and allowable variation (g)

Dimensions

Design

(1)
Diameter
(mm)

(2)
Thickness
(mm)

(1)
Shape

(2)
Edge

(3)
Obverse

(4)
Reverse

101

$2
(2 oz)

Not less than 99.9% silver (except for the privy mark mentioned in column 4 of item 205 of Part 2 of this Schedule)

62.770 0.500

50.30

4.50

S1

E1

O1

R272

102

$2
(2 oz)

Not less than 99.9% silver (except for the privy mark mentioned in column 4 of item 206 of Part 2 of this Schedule)

62.770 0.500

50.30

4.50

S1

E1

O1

R273

103

$2
(2 oz)

Not less than 99.9% silver

62.770 0.500

50.30

4.50

S1

E1

O1

R274

104

$2
(2 oz)

Not less than 99.9% silver

62.770 0.500

50.30

4.50

S1

E1

O1

R275

105

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O1

R276

106

$100
(1 oz)

Not less than 99.99% gold (except for the privy mark mentioned in column 4 of item 210 of Part 2 of this Schedule)

31.162 0.055

32.10

2.80

S1

E1

O1

R277

107

$50
(1/2 oz)

Not less than 99.99% gold (except for the privy mark mentioned in column 4 of item 211 of Part 2 of this Schedule)

15.594 0.040

25.10

2.40

S1

E1

O1

R278

Part 2 Explanation of symbols

 

Column 1

Column 2

Column 3

Column 4

Item

Design Feature

Symbol

Explanation

201

Shape

S1

Circular

202

Shape

S5

Square with rounded corners

203

Edge

E1

Milled

204

Obverse

O1

A circle of raised beads, immediately inside the rim, enclosing:

 (a) the inscriptions:

 (i) ‘ELIZABETH II’; and

 (ii) ‘AUSTRALIA’; and

 (b) an inscription stating, in Arabic numerals, the amount, in dollars or cents, of the denomination of the coin, followed by the word ‘DOLLAR’, ‘DOLLARS’ or ‘CENTS’, as the case requires;

that, in turn, surround an effigy of the Queen.

205

Reverse

R272

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 2 OZ. 999 SILVER’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of a soaring kookaburra superimposed over a map of Australia; and

 (d) a representation of the reverse of a 1991 gold bullion Australian Nugget coin positioned on a pure gold insert as a privy mark.

206

Reverse

R273

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 2 OZ. 999 SILVER’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of a soaring kookaburra superimposed over a map of Australia; and

 (d) a representation of the reverse of an 1881 gold Sovereign positioned on a pure gold insert as a privy mark.

207

Reverse

R274

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 2 OZ. 999 SILVER’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of a soaring kookaburra superimposed over a map of Australia; and

 (d) a representation of the reverse of a 1771 silver Spanish ‘Pillar’ Dollar pad printed in colour as a privy mark.

208

Reverse

R275

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 2 OZ. 999 SILVER’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of a soaring kookaburra superimposed over a map of Australia; and

 (d) a representation of the reverse of a 1661 copper Spanish cob coin pad printed in colour as a privy mark.

209

Reverse

R276

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of a soaring kookaburra superimposed over a map of Australia; and

 (d) a representation of the United States flag pad printed in colour as a privy mark.

210

Reverse

R277

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of two kangaroos superimposed over a map of Australia; and

 (d) a representation of the Liberty Bell positioned on a pure silver insert as a privy mark.

211

Reverse

R278

A circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘THE AUSTRALIAN NUGGET 1/2 OZ. 9999 GOLD’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of two kangaroos superimposed over a map of Australia; and

 (d) a representation of the Liberty Bell positioned on a pure silver insert as a privy mark.

 

 

Overview

The Currency (Perth Mint) Determination 2001 (No. 4) was made by Ian Gordon Campbell, the Parliamentary Secretary to the Treasurer, under subsection 13A(1) of the Currency Act 1965. This legislative instrument specifies the standard weight, allowable variation from that weight, dimensions, and design of particular coins produced by the Perth Mint, including their standard composition. It ensures that these specifications are consistent with the requirements of the Currency Act, thereby maintaining the integrity and uniformity of Australia's currency. The Determination does not affect any other determinations of coin specifications, providing a clear framework for the minting of specific coins while allowing for flexibility in other areas. The Currency (Perth Mint) Determination 2001 (No. 4) was enacted to address the need for precise and consistent specifications for coins minted by the Perth Mint, ensuring they meet the legal requirements set out in the Currency Act 1965.

Scope and Application

The Currency (Perth Mint) Determination 2001 (No. 4) specifies the standards for particular coins minted by the Perth Mint. This Determination applies to the coins specified in Schedule 1, which includes their denomination, standard composition, standard weight, allowable variations, dimensions, and design. These coins are regulated to ensure they meet specific criteria for their physical attributes and composition. The application of this Determination is limited to the specifications outlined and does not affect other determinations of coin specifications. The Determination is made under the Currency Act 1965 and commences on the date of its gazettal. Notably, this Determination does not create any exclusions or exemptions, and its application is limited to the coins and specifications detailed within its provisions.

Key Provisions

The Currency (Perth Mint) Determination 2001 (No. 4) primarily outlines the specifications for various coins minted at the Perth Mint, including their denomination, composition, weight, dimensions, and design elements. According to section 3 of the Determination, the specifications pertain to the weight, allowable variation from the standard weight, dimensions, and design of coins. The coins specified include denominations of $2, $2, $2, $2, $1, $100, $50, and $1/2, each with detailed requirements regarding their silver or gold composition. The design specifications, detailed in Schedule 1, include the shape, edge, and both obverse and reverse designs, with specific inscriptions and symbols. The Determination imposes obligations on the Perth Mint to adhere to these specifications strictly. The mint must ensure that the coins minted comply with the detailed requirements for weight, composition, dimensions, and design. This includes the mandatory composition percentages of silver or gold, the allowable variations in weight, and the precise dimensions such as diameter and thickness. The mint also needs to ensure that the coin designs, including the obverse and reverse sides, conform to the prescribed specifications. Non-compliance with these specifications could result in the coins not meeting the legal standards for currency. Failure to comply with the specifications outlined in the Currency (Perth Mint) Determination 2001 (No. 4) can result in legal consequences. Although the Determination itself does not explicitly state penalties, any deviation from the specified standards could be subject to broader legal frameworks under the Currency Act 1965. Under the Currency Act, unauthorised minting or altering of coins can lead to criminal penalties. Offences may include fines or imprisonment, with the severity of penalties depending on the nature and extent of the breach. Given the precise specifications mandated by the Determination, any significant non-compliance could attract legal scrutiny and appropriate penalties under relevant legislation.

Legal classification tags

Area of Law
Currency Law
Instrument
Legislative Instrument
Concepts
Specification of coins
Standard weight and allowable variation
Dimensions and design

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