1 Cent 1966 Australian coin
Product Code: OCEA6
Availability: In Stock
0.50€

Type: 1 Cent 1966 Australian coin
Date: 1966
Origin: Australia
Composition: 97% copper 2.5% zinc 0.5% tin
Weight: 2,6 grams 
Thickness: 1,5 mm
Diameter:  17,65 mm 
Shape: Round
Mint: Royal Australian Mint
Country: Australia

Condition 
Obverse: Circulated, Very Fine
Reverse: Circulated, Very Fine

Description 
Obverse: Young bust with tiara right. Lettering: ELIZABETH II AUSTRALIA 1966

Reverse: Feather-tailed Glider. Lettering: 1 SD

History: “The 1 cent coin was first introduced with decimalisation on 14 February 1966. The original reverse design has not been changed since the introduction. One cent coins were produced by the Royal Australian Mint, the Royal Mint, Melbourne, the Royal Mint, Perth and the Royal Mint, Llantrisant. Production of 1966-dated 1 cent coins commenced at the Royal Mint, Melbourne in 1964. The cessation of issue of one and two cent coins was announced by the Treasurer in his Budget Speech of 21 August 1990. The decision was based on the loss of real purchasing power through inflation and the cost of minting of these coins. The accompanying Press Release noted that "..1c and 2c coins will continue to be legal tender: they can still be used to purchase goods and can be deposited with financial institutions in the normal manner." Both coins were withdrawn from circulation commencing in February 1992”

Engravers: Arnold Machin (obverse)/ Stuart Devlin (reverse)

Bibliography: http://www.ramint.gov.au/designs/ram-designs/1c.cfm

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