Commonwealth legislation

Currency Determination No. 6 of 1992

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This Determination sets technical and design rules for four commemorative $25 Australian coins (Princess Margaret, Princess of Wales, Princess Royal, Queen Mother), specifying circular shape, milled edge, weight, dimensions, metal composition and the obverse/reverse designs.

It amends the Act’s Schedule to permit three standard metal compositions (very high‑purity gold, very high‑purity platinum, and 92.5% silver), allows a 0.65 g weight tolerance, and fixes the issue price at $195, affecting the Mint, buyers and legal coin standards.

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Currency Determination No. 6 of 1992

Commonwealth of Australia

Currency Act 1965

Currency Determination No. 6 of 1992

I, ROBERT MCMULLAN, Parliamentary Secretary to the Treasurer, make the following Determination under the Currency Act 1965.

Dated 17 January, 1992.

View image in the official source

Parliamentary Secretary to the Treasurer

for and on behalf of the Treasurer

View image in the official sourceCitation

1. This Determination may be cited as Currency Determination No. 6 of 1992.

[NOTE: This Determination commences on gazettal: see Acts Interpretation Act 1901, ss.46a and 48.]

Interpretation

2. In this Determination:

"$25 coin" means:

(a) a Princess Margaret coin; or

(b) a Princess of Wales coin; or

(d) a Queen Mother coin;

"Act" means the Currency Act 1965;

"Princess Margaret coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

"Princess of Wales coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

"Princess Royal coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

"Queen Mother coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

Schedule to the Act

The Act has effect, on and after 19 July 1992, as if the reference in the Schedule to the Act, opposite to the reference to the denomination "Twenty-five dollars", to the standard composition of coins of that denomination were a reference to the standard compositions "not less than 99.99% gold", "not less than 99.95% platinum" and "92.5% silver and 7.5% other metal".

Shape and edge of $25 coin

(1) The shape of a $25 coin is circular.

(2) The edge of the coin is milled

Composition of $25 coin

The composition of a $25 coin is 92.5% silver and 7.5% other metal.

Weight and dimensions of $25 coin

(1) The standard weight of a $25 coin is 33.63 grams.

(2) A variation of 0.65 grams from the standard weight is allowable.

(3) The diameter of a $25 coin is 38.90 millimetres.

(4) The thickness of a $25 coin is 3.10 millimetres.

Design of the Princess Margaret coin

(1) The obverse of the Princess Margaret coin bears an effigy of the Queen and the inscriptions "ELIZABETH II" and "AUSTRALIA 1992".

(2) The reverse of the coin bears:

(a) an effigy of Her Royal Highness The Princess Margaret, surrounded by a circle of crowns; and

(b) the inscriptions "ELIZABETH II 40TH ANNIVERSARY" and "25 DOLLARS".

Design of the Princess of Wales coin

(1) The obverse of the Princess of Wales coin bears an effigy of the Queen and the inscriptions "ELIZABETH II" and "AUSTRALIA 1992".

(2) The reverse of the coin bears:

(a) an effigy of Her Royal Highness the Princess of Wales, surrounded by a circle of crowns; and

(b) the inscriptions "ELIZABETH II 40TH ANNIVERSARY" and "25 DOLLARS".

Design of the Princess Royal coin

(1) The obverse of the Princess Royal coin bears an effigy of the Queen and the inscriptions "ELIZABETH II" and "AUSTRALIA 1992".

(2) The reverse of the coin bears:

(a) an effigy of Her Royal Highness the Princess Royal, surrounded by a circle of crowns; and

(b) the inscriptions "ELIZABETH II 40TH ANNIVERSARY" and "25 DOLLARS".

Design of the Queen Mother coin

(1) The obverse of the Queen Mother coin bears an effigy of the Queen and the inscriptions "ELIZABETH II" and "AUSTRALIA 1992".

(2) The reverse of the coin bears:

(a) an effigy of Her Majesty Queen Elizabeth, the Queen Mother, surrounded by a circle of crowns; and

(b) the inscriptions "ELIZABETH II 40TH ANNIVERSARY" and "25 DOLLARS".

Issue price of $25 coin

For the purposes of subsection 14A (1) of the Act, the issue price of a $25 coin is $195.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Currency Determination No. 6 of 1992

Commonwealth of Australia

Currency Act 1965

Currency Determination No. 6 of 1992

I, ROBERT MCMULLAN, Parliamentary Secretary to the Treasurer, make the following Determination under the Currency Act 1965.

Dated 17 January, 1992.

Parliamentary Secretary to the Treasurer

for and on behalf of the Treasurer

Citation

1. This Determination may be cited as Currency Determination No. 6 of 1992.

[NOTE: This Determination commences on gazettal: see Acts Interpretation Act 1901, ss.46a and 48.]

Interpretation

2. In this Determination:

"$25 coin" means:

(a) a Princess Margaret coin; or

(b) a Princess of Wales coin; or

(d) a Queen Mother coin;

"Act" means the Currency Act 1965;

"Princess Margaret coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

"Princess of Wales coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

"Princess Royal coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

"Queen Mother coin" means a coin:

(a) of the denomination of $25; and

(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and

Schedule to the Act

The Act has effect, on and after 19 July 1992, as if the reference in the Schedule to the Act, opposite to the reference to the denomination "Twenty-five dollars", to the standard composition of coins of that denomination were a reference to the standard compositions "not less than 99.99% gold", "not less than 99.95% platinum" and "92.5% silver and 7.5% other metal".