Currency (Royal Australian Mint) Determination 2004 (No. 4)

Administered by Department of the Treasury

Legislation au F2006B00532 In force Legislative Instrument

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Currency (Royal Australian Mint) Determination 2004 (No. 4)

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

Dated 9 June 2004

ROSS CAMERON

Parliamentary Secretary to the Treasurer

Contents

 1 Name of Determination 

 2 Commencement 

 3 Specification of coins 

 4 Application of Determination 

Schedule 1 Specifications of coins 

 

 

 

1 Name of Determination

  This Determination is the Currency (Royal Australian Mint) Determination 2004 (No. 4).

2 Commencement

  This Determination commences on the date of its notification in the Gazette.

3 Specification of coins

  For subsections 13 (2) and 13A (1) of the Currency Act 1965, each item in Schedule 1 specifies:

 (a) the denomination of a coin; and

 (b) the coin’s standard composition; and

 (c) the coin’s standard weight, and the allowable variation from that weight; and

 (d) the coin’s dimensions; and

 (e) the coin’s design.

4 Application of Determination

  The specifications in Schedule 1 do not affect any other determination of the specifications of a coin.

Schedule 1 Specifications of coins

(section 3)

 

 

Item 1

$1 coin

Denomination

$1

Standard composition

At least 99.9% silver

Standard weight and
allowable variation

5.60g ± 0.15g

Maximum diameter

21.40mm

Maximum thickness

2.10mm

Shape

Heptagon

Edge

Plain

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’; and

 (c) ‘ONE DOLLAR’.

Reverse design

A design consisting of:

 (a) a stylised representation of a lion in profile holding seals; and

 (b) the inscription ‘TESTING R. AUST. MINT’.

 

Item 2

$1 coin

Denomination

$1

Standard composition

At least 99.9% silver

Standard weight and
allowable variation

5.79g ± 0.16g

Maximum diameter

23.80mm

Maximum thickness

2.00mm

Shape

Scalloped

Edge

Plain

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) a representation, in traditional Australian Aboriginal style, of 5 kangaroos against a background of elongated dots; and

 (b) the inscription ‘ONE DOLLAR’.

 

Item 3

$1 coin

Denomination

$1

Standard composition

At least 99.9% silver

Standard weight and
allowable variation

11.66g ± 0.24g

Maximum diameter

25.12mm

Maximum thickness

2.80mm

Shape

Circular

Edge

14 segments, of which 7 are milled and 7 are plain

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) a representation of a wombat; and

 (b) the inscription ‘1 DOLLAR’.

 

Item 4

$1 coin

Denomination

$1

Standard composition

At least 99.9% silver

Standard weight and
allowable variation

11.66g ± 0.24g

Maximum diameter

25.12mm

Maximum thickness

2.80mm

Shape

Circular

Edge

14 segments, of which 7 are milled and 7 are plain

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) a representation of an Australian swagman; and

 (b) the following inscriptions:

 (i) ‘A.B.“BANJO” PATTERSON’;

 (ii) ‘1 DOLLAR’;

 (iii) ‘Waltzing Matilda’;

 (iv) ‘1895’;

 (v) ‘1995’.

 

Item 5

$1 coin

Denomination

$1

Standard composition

At least 99.9% silver

Standard weight and
allowable variation

11.66g ± 0.24g

Maximum diameter

25.12mm

Maximum thickness

2.80mm

Shape

Circular

Edge

14 segments, of which 7 are milled and 7 are plain

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) 4 representations of an Australian $1 dollar note, progressively reduced in size; and

 (b) a representation of the reverse of an Australian $1 dollar coin superimposed on the Australian $1 dollar note; and

 (c) the inscriptions:

 (i) ‘1984’;

 (ii) ‘1994’.

 

Item 6

$1 coin

Denomination

$1

Standard composition

At least 99.9% silver

Standard weight and
allowable variation

31.635g ± 0.50g

Maximum diameter

40.15mm

Maximum thickness

3.50mm

Shape

Circular

Edge

Continuously milled

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) a representation of 5 kangaroos; and

 (b) the inscription ‘1 DOLLAR’.

 

Item 7

$150 coin

Denomination

$150

Standard composition

At least 99.99% gold

Standard weight and
allowable variation

10.368g ± 0.100g

Maximum diameter

25.10mm

Maximum thickness

1.50mm

Shape

Circular

Edge

Continuously milled

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) a representation of a lawyer vine (calamus muelleri); and

 (b) a representation of a cassowary superimposed on the representation of a lawyer vine; and

 (c) the inscription ‘150 DOLLARS’.

 

Item 8

$200 coin

Denomination

$200

Standard composition

At least 99.9% gold

Standard weight and
allowable variation

15.792g ± 0.240g

Maximum diameter

30.10mm

Maximum thickness

1.80mm

Shape

Circular

Edge

Continuously milled

Obverse design

An effigy of Queen Elizabeth II, and the monogram ‘IRB’ surrounded by the inscriptions:

 (a) ‘ELIZABETH II’; and

 (b) ‘AUSTRALIA 2004’.

Reverse design

A design consisting of:

 (a) a representation of a lawyer vine (calamus muelleri); and

 (b) a representation of a cassowary superimposed on the representation of a lawyer vine; and

 (c) the inscription ‘200 DOLLARS’.

 

Overview

The Currency (Royal Australian Mint) Determination 2004 (No. 4) was enacted to specify the specifications of certain coins under the Currency Act 1965. This legislation was introduced to address the need for precise and detailed standards for the production of Australian currency coins by the Royal Australian Mint. The determination was made by ROSS CAMERON, the Parliamentary Secretary to the Treasurer, and it commenced on the date of its notification in the Gazette. The primary policy objective is to ensure consistency and quality in the design, composition, and physical attributes of Australian currency coins, thereby maintaining public trust and facilitating smooth circulation within the economy. The specifications outlined in the determination cover various aspects such as the denomination, composition, weight, dimensions, and design of each coin, ensuring they meet the required standards set forth by the Currency Act.

Scope and Application

The Currency (Royal Australian Mint) Determination 2004 (No. 4) applies to the specifications of various coins minted by the Royal Australian Mint, particularly focusing on the $1 and $150 coins. This legislation provides detailed specifications including the composition, weight, dimensions, and design of each coin. These specifications are detailed in Schedule 1, which outlines the particulars of each coin listed in the determination. The application of this determination is specific to the coins detailed within Schedule 1 and does not affect any other determination of coin specifications. The determination is made under the Currency Act 1965 and comes into effect on the date of its notification in the Gazette. The scope of this legislation is limited to the minting specifications of the coins as detailed and does not extend to other aspects of currency production or distribution.

Key Provisions

The Currency (Royal Australian Mint) Determination 2004 (No. 4) provides detailed specifications for a series of coins issued under the authority of the Currency Act 1965. These specifications include the denomination, standard composition, weight, dimensions, and design of each coin. For example, under Section 3, each item in Schedule 1 specifies these details, such as the $1 coin's denomination, its silver composition of at least 99.9%, its weight of 5.60g ± 0.15g, and its design features (Section 3, Item 1). The Determination also outlines the coins' shapes and edge characteristics, such as heptagonal shapes with plain edges or scalloped edges, and coins with milled and plain segments (Section 3, Items 1-8). The Determination imposes specific obligations on the Royal Australian Mint regarding the production of these coins. It mandates that each coin adhere strictly to the specifications outlined in Schedule 1, ensuring uniformity in the coins' physical attributes and designs. The Royal Australian Mint must ensure that all coins meet the prescribed standards for composition, weight, dimensions, and design, as detailed in the Determination (Section 3). Any deviation from these specifications could result in the coins not being legally tender and could subject the Mint to regulatory scrutiny. Under the Currency Act 1965, breaches of the specifications set out in the Determination can result in significant penalties. Offences related to the minting of coins that do not conform to the specified standards may be subject to criminal penalties, including fines and imprisonment. The exact penalties are not detailed in this Determination but can be found in the Currency Act. Civil penalties may also apply for non-compliance, potentially including fines and other monetary sanctions. These provisions ensure that the integrity and uniformity of Australian currency are maintained and that the public can trust the value and quality of the coins in circulation.

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Specification of coins
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