Currency (Perth Mint) Determination 2003 (No. 3)

Administered by Department of the Treasury

Legislation au F2005B03086 In force Legislative Instrument

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Currency (Perth Mint) Determination 2003 (No. 3)

I, ROSS CAMERON, Parliamentary Secretary to the Treasurer, make this Determination under paragraph 13 (2) (b) and subsection 13A (1) of the Currency Act 1965.

Dated 19 December 2003

ROSS CAMERON

Parliamentary Secretary to the Treasurer

Contents

 1 Name of Determination 

 2 Commencement 

 3 Standard composition of coins 

 4 Specification of coins 

 5 Application of Determination 

Schedule 1 

Part 1 Specification of coins 

Part 2 Explanation of symbols 

 

 

 

1 Name of Determination

  This Determination is the Currency (Perth Mint) Determination 2003 (No. 3).

2 Commencement

  This Determination commences on gazettal.

3 Standard composition of coins

  For paragraph 13 (2) (b) of the Currency Act 1965, that Act has effect, on and after the commencement of this Determination:

 (a) as if there were included in the Schedule to that Act the denominations of money mentioned in column 2 of items 101, 102, 103, 104 and 105 of Part 1 of Schedule 1; and

 (b) as if there were specified in the Schedule opposite those denominations, as the standard composition of coins of those denominations, the standard composition mentioned in column 3 of those items.

4 Specification of coins

  For subsection 13A (1) of the Currency Act 1965, this Determination specifies, for a coin:

 (a) the denomination and standard composition in columns 2 and 3 of Part 1 of Schedule 1; and

 (b) the standard weight, the allowable variation from that weight, the dimensions and the design in columns 4, 5 and 6 of that Part.

5 Application of Determination

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

Schedule 1    

(sections 3 and 4)

Part 1 Specification of coins

 

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Item

Denomination (and, where appropriate, nominal weight in ounces)

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

$4
(1/25 oz)

Not less than 99.99% gold

1.25 0.015

14.10

1.10

S1

E1

O31

R366

102

$4
(1/25 oz)

Not less than 99.99% gold

1.25 0.015

14.10

1.10

S1

E1

O31

R367

103

$4
(1/25 oz)

Not less than 99.99% gold

1.25 0.015

14.10

1.10

S1

E1

O31

R368

104

$4
(1/25 oz)

Not less than 99.99% gold

1.25 0.015

14.10

1.10

S1

E1

O31

R369

105

$4
(1/25 oz)

Not less than 99.99% gold

1.25 0.015

14.10

1.10

S1

E1

O31

R370

106

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O32

R371

107

$1
(1 oz)

Not less than 99.9% silver

31.635 0.500

40.60

4.00

S1

E1

O31

R372

108

$1
(0.8178 oz)

Not less than 99.9% silver

25.435 0.250

40.60

4.00

S1

E1

O33

R373

109

25 cents
(0.19 oz)

Not less than 99.9% silver

6.20 0.250

17.60

4.00

S1

E4

O34

R374

Part 2 Explanation of symbols

 

Column 1

Column 2

Column 3

Column 4

Item

Design Feature

Symbol

Explanation

201

Shape

S1

Circular

202

Edge

E1

Continuous milled

203

Edge

E4

Plain

204

Obverse

O31

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, of the denomination of the coin, followed by the word ‘DOLLAR’ or ‘DOLLARS’, as the case requires;

that, in turn, surround an effigy of Queen Elizabeth II and the monogram ‘IRB’.

205

Obverse

O32

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, of the denomination of the coin, followed by the word ‘DOLLAR’ or ‘DOLLARS’, as the case requires;

that, in turn, surround a gilded effigy of Queen Elizabeth II and the monogram ‘IRB’.

206

Obverse

O33

A holey dollar comprising a silver annulus with a circular hole in the centre and a design consisting of a circle of raised beads, immediately inside the rim, enclosing:

 (a) the inscriptions:

 (i) ‘ELIZABETH II’; and

 (ii) ‘AUSTRALIA’; and

 (iii) ‘ONE DOLLAR’; and

 (b) a small effigy of Queen Elizabeth II and the monogram ‘IRB’.

207

Obverse

O34

A circular dump with a design consisting of a circle of raised beads, immediately inside the rim, enclosing the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA’; and

 (c) ‘25 CENTS’;

that, in turn, surround an effigy of Queen Elizabeth II and the monogram ‘IRB’.

208

Reverse

R366

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

 (a) ‘THE AUSTRALIAN NUGGET 1/25 OZ. 9999 GOLD’; and

 (b) ‘2001’;

that, in turn, surround:

 (c) a representation of a prospector panning for gold against a landscape; and

 (d) the inscriptions:

 (i) ‘P’; and

 (ii) ‘LK’.

209

Reverse

R367

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

 (a) ‘THE AUSTRALIAN NUGGET 1/25 OZ. 9999 GOLD’; and

 (b) ‘2002’;

that, in turn, surround:

 (c) a representation of two prospectors ‘dry blowing’ with two gold pans and the contents of the pans; and

 (d) the inscriptions:

 (i) ‘P’; and

 (ii) ‘SA’.

210

Reverse

R368

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

 (a) ‘THE AUSTRALIAN NUGGET 1/25 OZ. 9999 GOLD’; and

 (b) ‘2003’;

that, in turn, surround:

 (c) a representation of an early Australian goldfields ‘canvas town’, with a camel and water storage tank; and

 (d) the inscriptions:

 (i) ‘P’; and

 (ii) ‘LK’.

211

Reverse

R369

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

 (a) ‘THE AUSTRALIAN NUGGET 1/25 OZ. 9999 GOLD’; and

 (b) ‘2004’;

that, in turn, surround:

 (c) a representation of Eureka Stockade rebel leader Peter Lalor in front of the Eureka flag; and

 (d) the inscriptions:

 (i) ‘P’; and

 (ii) ‘LK’.

212

Reverse

R370

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

 (a) ‘THE AUSTRALIAN NUGGET 1/25 OZ. 9999 GOLD’; and

 (b) ‘2005’;

that, in turn, surround:

 (c) a representation of the ‘Welcome Stranger’ nugget; and

 (d) the inscriptions:

 (i) ‘P’; and

 (ii) ‘SA’.

213

Reverse

R371

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

 (a) ‘AUSTRALIA FLORIN’; and

 (b) ‘1954 – 2004’;

that, in turn, surround:

 (c) a gilded stylised representation of a kangaroo and a lion standing together; and

 (d) the inscription ‘WLB’.

214

Reverse

R372

Immediately inside the rim, a circle consisting of the inscriptions:

 (a) ‘MAWSON STATION: 1954 – 2004’; and

 (b) ‘Australian Antarctic Territory’; and

 (c) ‘1 OZ 99.9 SILVER’;

that, in turn, surround:

 (d) a representation of Mawson Station, pad-printed in colour, with water, ice floes and an adult and a young penguin in the foreground and a mountain in the background, superimposed on an outline of Antarctica, that in turn is superimposed on a representation of parallels of latitude and meridians of longitude radiating from the South Pole, with some areas shaded; and

 (e) the inscriptions:

 (i) ‘WR’; and

 (ii) ‘P’.

215

Reverse

R373

A holey dollar comprising a silver annulus with a circular hole in the centre and a design consisting of a circle, immediately inside the rim, comprising representations of soccer players in action with soccer balls, that in turn surround the inscriptions:

 (a) ‘2006 FIFA WORLD CUP’; and

 (b) ‘GERMANY TM’.

216

Reverse

R374

A circular dump with a design consisting of a representation of a soccer ball.

 

Overview

The Currency (Perth Mint) Determination 2003 (No. 3) was enacted to address the need for the minting of coins in accordance with the Currency Act 1965, providing the specifications for the standard composition, weight, dimensions and designs of certain coins. The Determination was made by Ross Cameron, the Parliamentary Secretary to the Treasurer, and it commenced upon its gazettal. This legislative instrument ensures that the Perth Mint produces coins that meet the specified standards, thereby maintaining the integrity and value of Australian currency. The policy objective of this Determination is to provide clear guidelines for the minting process, ensuring consistency and quality in the production of coins, which in turn supports the economic stability and public trust in the currency system.

Scope and Application

The Currency (Perth Mint) Determination 2003 (No. 3) made under the Currency Act 1965 applies to the specifications of certain coins minted by the Perth Mint. It sets forth the standard composition, weight, dimensions, and design details for specific denominations of coins, such as the $4 gold coin, $1 silver coin, and 25 cent silver coin. This Determination is in effect as of its gazettal and does not interfere with any other coin specification determinations. The geographic reach of this legislation is limited to the Commonwealth of Australia, with the Perth Mint being the primary entity involved in the minting of these coins. The Determination does not provide any exclusions, exemptions, or thresholds and is enacted directly under the Currency Act 1965, without the use of subordinate instruments extending or restricting its application.

Key Provisions

The Currency (Perth Mint) Determination 2003 (No. 3) (the Determination) sets out the standard composition, weight, dimensions, and design for certain coins produced by the Perth Mint. According to section 3, this Determination modifies the Currency Act 1965 to include new denominations of money and specifies their standard composition. Section 4 further details the standard weight, allowable variations from that weight, dimensions, and design for each coin, as outlined in Schedule 1. The Determination specifies that the new denominations include various gold and silver coins, each with detailed specifications for composition, weight, dimensions, and design. For example, for the $4 gold coin, the standard composition must be not less than 99.99% gold, with a standard weight of 1.25 grams with an allowable variation of ± 0.015 grams, a diameter of 14.10 mm, and a thickness of 1.10 mm. The coins also have specific designs for their obverse and reverse sides, which include inscriptions and symbols with particular meanings, as detailed in Part 2 of Schedule 1. The Determination imposes specific obligations on the Perth Mint regarding the production of coins that comply with the standards set out in this Determination. The mint must ensure that the coins produced meet the specified standards for composition, weight, dimensions, and design. This includes adhering to the required gold and silver purity levels, weight specifications, and the precise design elements for both the obverse and reverse sides of the coins. Additionally, the mint must ensure that any other Determinations regarding coin specifications are not affected by this Determination, as stated in section 5. There are no explicit provisions in the Determination regarding offences, penalties, or consequences for non-compliance. However, non-compliance with currency specifications can have serious implications under the Currency Act 1965. Offences related to the unauthorised production or possession of coins that do not meet legal standards can result in significant penalties, including fines and imprisonment, as prescribed under the Act. The precise penalties would depend on the specific nature and severity of the breach, as well as any applicable provisions in other related legislation.

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Area of Law
Currency Law
Instrument
Legislative Instrument
Concepts
Commencement Provisions
Specification of coins
Standard composition of coins

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