{"id":"F2006B00122","name":"Currency (Royal Australian Mint) Determination 2002 (No. 1)","slug":"currency-royal-australian-mint-determination-2002-no-1","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":436719,"registerId":"F2006B00122-fast-fetch-1775953832732","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Currency (Royal Australian Mint) Determination 2002 (No. 1)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n\n\nCurrency (Royal Australian Mint) Determination 2002 (No. 1)\n\nI, IAN GORDON CAMPBELL, Parliamentary Secretary to the Treasurer, make this Determination under subsection 13A (1) of the Currency Act 1965.\n\nDated 14 February 2002\n\nIAN CAMPBELL\n\nParliamentary Secretary to the Treasurer\n\nContents\n\nPage\n\n 1 Name of Determination \n\n 2 Commencement \n\n 3 Specification of coins \n\n 4 Application of Determination \n\nSchedule 1 \n\nPart 1 Specifications of coins \n\nPart 2 Explanation of symbols \n\n \n\n \n\n \n\n \n\n1 Name of Determination\n\n This Determination is the Currency (Royal Australian Mint) Determination 2002 (No. 1).\n\n2 Commencement\n\n This Determination commences on gazettal.\n\n3 Specification of coins\n\n 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.\n\n4 Application of Determination\n\n The specifications in this Determination do not affect any other Determination of the specifications of a coin.\n\n \n\nSchedule 1 \n\n(section 3)\n\nPart 1 Specifications of coins\n\n \n\n- Column 1 Column 2 Column 3 Column 4 Column 5 Column 6\n- Item Denomination Standard composition Standard weight and allowable variation (g) Dimensions Design\n- (1) Diameter (mm) (2) Thickness (mm) (1) Shape (2) Edge (3) Obverse (4) Reverse\n- 101 $1 Not less than 99.9% silver with 2 inserts of not less than 99.99% gold 32.07 0.52 g 40.10 3.50 S1 E3 O27 R291\n\n\nPart 2 Explanation of symbols\n\n \n\n| Column 1 | Column 2 | Column 3 | Column 4 |\n| --- | --- | --- | --- |\n| Item | Design Feature | Symbol | Explanation |\n| 201 | Shape | S1 | Circular |\n| 202 | Edge | E1 | Continuously milled |\n| 203 | Obverse | O27 | An effigy of Queen Elizabeth II, and the monogram ‘IRB’, surrounded by the inscriptions:
(a) ‘ELIZABETH II’; and
(b) ‘AUSTRALIA 2002’. |\n| 204 | Reverse | R291 | A design consisting of:
(a) a representation of the front portico of the Melbourne Mint; and
(b) 2 gold inserts, each representing the reverse of a sovereign coin dated 1872; and
(c) the inscriptions:
(i) ‘MELBOURNE MINT’; and
(ii) ‘1872’; and
(iii) ‘2002’; and
(iv) ‘ONE DOLLAR’. |\n\n\n \n\n \n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This Determination stays within the original, narrow purpose of the enabling power: it specifies the physical and design characteristics of a particular coin for minting. It does not expand the legal scope beyond specifying a coin's features, nor does it create new obligations or powers outside the Currency Act framework."},"complexity_factors":["Single-page, narrow subject matter: specifies one coin (Item 101) only","Few clauses: 4 operative clauses plus Schedule 1","Schedule-driven design codes: Part 1 uses symbolic codes (S1, E3, O27, R291) that must be cross-referenced to Part 2","Technical tolerances and metallurgy: weight tolerance ±0.52 g, diameter/thickness, and metal purities (99.9% silver, 99.99% gold inserts)","Minor drafting inconsistency: Edge symbol E3 in Part 1 vs Edge explained as E1 in Part 2 (creates small interpretive ambiguity)","Single external cross-reference: made under subsection 13A(1) of the Currency Act 1965"],"plain_english_summary":"**What this instrument does (mechanically)\n\n- This Determination, made under subsection 13A(1) of the Currency Act 1965, gives the Royal Australian Mint the precise technical specification for one particular coin (section 3; Schedule 1).\n- It declares a single coin item: a $1 coin made of at least 99.9% silver with two gold inserts of at least 99.99% purity. The Determination sets the standard weight (32.07 g with an allowable variation of ±0.52 g), diameter (40.10 mm), thickness (3.50 mm), shape, edge finish, and the obverse and reverse designs (Schedule 1 Part 1 and Part 2).\n- It starts on the day it is published in the Gazette (clause 2). It also says these specifications do not override or change any other determination about coin specifications (clause 4).\n\nWho this affects\n\n- Royal Australian Mint: must produce any coin made under this Determination to these technical and design specifications (clause 3; Schedule 1).\n- Coin producers, quality-control staff and suppliers: must meet the specified tolerances, metal purities and fabrication requirements.\n- Dealers, collectors and buyers: these specifications determine the physical and visual attributes of the coin they buy, sell or value.\n- Secondary markets (numismatics, bullion dealers): the declared composition (silver plus gold inserts) and the stated tolerances affect intrinsic metal value, grading and resale expectations.\n\nWhy it matters (practical effects and legal mechanics)\n\n- Legal authorisation: the Determination provides the legal basis and certainty for the Mint to produce a specified commemorative/collector $1 coin (section 3; Schedule 1).\n- Production and pricing incentives: because the coin is specified as high-purity silver with gold inserts, its metal content and collectible design will typically make its market price higher than face value; the Mint (or its authorised distributors) will bear manufacturing costs and set sale prices to buyers accordingly.\n- Administrative scope: clause 4 confines this Determination to providing specifications only — it does not change other legal rules about currency or other existing coin specifications.\n\nSource claims and how they translate into costs, incentives and risks\n\n- Source claim: the instrument's operative effect is to authorise and fix the technical and design details of a specific $1 coin so it can be produced by the Mint (clause 3; Schedule 1). That claim is literal: the document sets dimensions, composition and artwork.\n\n- Who pays / who benefits: the Mint incurs manufacturing costs; end purchasers (collectors or investors) pay the sale price, which will typically exceed face value because of metal content and collector value. Any fiscal effect on the government is indirect and usually small — revenue from collectible coin sales accrues to the Mint/Treasury arrangements, not via circulation of $1 face value coins.\n\n- Incentives and private behaviour: the specification creates a collectible product. Buyers will judge value by metal content, condition and numismatic interest; dealers and secondary markets will price and trade accordingly. Private fabricators are not authorised to produce such legal-tender coins — the Mint holds the production authority.\n\n- Trade-offs and opportunity costs: allocating Mint capacity to a heavy-metal collector coin uses production resources that could otherwise produce circulating coinage or other products. Manufacturing a high-purity silver coin with gold inserts is more complex and costly than standard base-metal coins.\n\n- Implementation risk and compliance burden: the document is short and technical, so operational risk centres on production tolerances (weight ±0.52 g), inserting two small gold inlays reliably, and matching the prescribed obverse/reverse designs. There is a minor drafting inconsistency (see below) that could create administrative clarification costs.\n\n- Bureaucratic discretion: minimal. The Determination prescribes fixed technical features; there is no open-ended delegation of design or pricing authority in this text.\n\nConcrete mechanics to note (where to look in the text)\n\n- Technical specs and design codes: clause 3 and Schedule 1 Part 1 list the denomination, composition, weight/tolerance, dimensions and symbolic design codes (S1, E3, O27, R291).\n- Symbol explanations: Schedule 1 Part 2 decodes S1 (circular), Edge (listed as E1 = continuously milled in the Part 2 table) and the obverse/reverse descriptions (O27, R291).\n\nDrafting inconsistency worth checking before production\n\n- Schedule 1 Part 1 lists the edge symbol as \"E3\" for the coin, but Part 2 provides an Edge entry labelled \"E1 = Continuously milled.\" That mismatch between E3 and the Part 2 edge code may require an administrative clarification or correction to avoid ambiguity in production.\n\nBottom-line: this Determination is a short, technical legal instrument that authorises and fixes the exact physical and artistic features of a single commemorative/collector $1 coin. It imposes precise manufacturing tolerances on the Mint, shapes collectible pricing incentives (metal and design value will exceed face value), and poses modest operational complexity in manufacture but minimal ongoing regulatory discretion or compliance burden. (See clause 3 and Schedule 1 Parts 1–2.)"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This Determination has a tightly focused, single-purpose scope: authorising one specific commemorative coin. It does not expand beyond its original intent of specifying the Melbourne Mint anniversary $1 coin. The 'savings clause' in section 4 explicitly preserves other coin specifications, indicating no intention to broaden the regulatory framework."},"complexity_factors":["Only 4 short operative sections (sections 1-4)","Single Schedule with straightforward tabular format","Minimal cross-referencing (only references back to section 3)","No nested exceptions or conditional logic","Technical but precise specifications using standard numismatic terminology","Only 4 defined symbols in Part 2 (S1, E3, O27, R291)","Extremely narrow scope (single commemorative coin)"],"plain_english_summary":"This is a technical rule that sets out the exact physical specifications for a special commemorative $1 coin minted by the Royal Australian Mint in 2002. It describes precisely what the coin is made of (mostly silver with two gold inserts), how much it must weigh (32.07 grams, give or take a tiny amount), its size (40.10mm wide, 3.50mm thick), and what it looks like (circular shape, specific edge milling, Queen Elizabeth II on the front, and a design featuring the Melbourne Mint building with two gold sovereign inserts on the back). This coin was issued to mark the 130th anniversary of the Melbourne Mint. The Determination ensures that any coin claiming to be this official $1 piece meets these exact standards."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/currency-royal-australian-mint-determination-2002-no-1","history":"/api/acts/currency-royal-australian-mint-determination-2002-no-1/history","analysis":"/api/acts/currency-royal-australian-mint-determination-2002-no-1/analysis","conflicts":"/api/acts/currency-royal-australian-mint-determination-2002-no-1/conflicts","importantCases":"/api/acts/currency-royal-australian-mint-determination-2002-no-1/important-cases","documents":"/api/acts/currency-royal-australian-mint-determination-2002-no-1/documents"}}