Currency (Royal Australian Mint) Determination 2006 (No. 1)
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Currency (Royal Australian Mint) Determination 2006 (No. 1)
I, CHRIS PEARCE, Parliamentary Secretary to the Treasurer, make this Determination under subsection 13A (1) of the Currency Act 1965.
Dated 16 March 2006
CHRIS PEARCE
Parliamentary Secretary to the Treasurer
Contents
1 Name of Determination
2 Commencement
3 Specification for coins
4 Application of Determination
Schedule 1 Specifications of coins
1 Name of Determination
This Determination is the Currency (Royal Australian Mint) Determination 2006 (No. 1).
2 Commencement
This Determination commences on the day after it is registered.
3 Specification for coins
For subsection 13A (1) of the Currency Act 1965, 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 | 62.77g ± 0.50g |
| Maximum diameter | 50.30mm |
| Maximum thickness | 3.80mm |
| Shape | Circular |
| Edge | Continuously milled |
| Obverse design | The following design:<br> (a) an outer ring consisting of:<br> (i) an effigy of Queen Elizabeth II and the monogram ‘IRB’; and<br> (ii) the inscriptions “ELIZABETH II” and “AUSTRALIA 2006”;<br> (b) a centre section consisting of a representation of the obverse design of an 18th Century Spanish silver dollar, including:<br> (i) an 18th Century Spanish Coat of Arms; and<br> (ii) the inscriptions “MM” and “8”; and<br> (iii) the inscription “FERDND·VI·DG·HISPAN·ET IND·REX”. |
| Reverse design | The following design:<br> (a) an outer ring consisting of the inscriptions “PILLAR DOLLAR” and “ONE DOLLAR”;<br> (b) a centre section consisting of a representation of the reverse design of an 18th Century Spanish silver dollar, including:<br> (i) a representation of two pillars (representing the Pillars of Hercules); and<br> (ii) a representation of two interlocking globes of the world that symbolise the old and new worlds; and<br> (iii) the inscriptions “VTRAQUE VNUM” and “M” (twice); and<br> (iv) a year denoting a year in which the 18th Century Spanish silver dollar was made or issued. |