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Australian 2 Dollar coin featuring Queen Elizabeth II.
Before 1988, Australia used a $2 banknote (introduced in 1966).
In June 1988, the $2 coin was released to replace the note, mainly for durability and cost-efficiency.
The banknote lasted ~1 year, while the coin lasts ~30 years in circulation.
Obverse
Portrait of Queen Elizabeth II, initially by Raphael Maklouf (19851998) |
Reverse |
Depiction of an Aboriginal Elder, designed by Horst Hahne, based on a drawing by artist Ainslie Roberts (not a specific person). The $2 coin was a major design shift and is Australias highest denomination coin in regular use. Its compact size but high value was initially controversial, but it quickly became accepted. The Aboriginal Elder design is seen as a respectful representation of Indigenous Australians, though some collectors note that it does not represent a specific individual, and thus remains symbolic. In 2012, the Royal Australian Mint began issuing commemorative $2 coins including themes like:
These limited issues are highly collectible and often sell for many times their face value. |