Flashback to the introduction of the $1 coin in Australia

Interesting news clip aired on the Channel 7 News in Brisbane last night.

https://www.youtube.com/watch?v=Y5hPFKO3qDs

Enjoy - Mike

Very interesting.

Also mentions the introduction of the $2 coin in 1988 to replace the $2 note.

Here in New Zealand, the $1 & $2 coins were released into circulation in February 1991 - & unlike the Australian situation, the $2 coin is bigger than the $1 coin.

Aidan.

Interesting that you could buy a beer for less than a dollar when the $1 coin was introduced in 1984.
Nowadays you need around 6 or 7 of them to buy a beer.

And before decimal currency was introduced in 1966 you could buy a beer for a shilling (or 10 Cents).

That's inflation for you.

Cheers Mike

Quote: "brismike"​Interesting that you could buy a beer for less than a dollar when the $1 coin was introduced in 1984.
​Nowadays you need around 6 or 7 of them to buy a beer.
​
​And before decimal currency was introduced in 1966 you could buy a beer for a shilling (or 10 Cents).
​
​That's inflation for you.
​
​Cheers Mike

​A pub with no beer! (https://www.youtube.com/watch?v=7cKPchRDaVM). Everybody emptied their mugs in 1966. Hence the no beer. I was there, oh mate, Melbourne Anchor's Pub!

Wow!

Even though I am a Kiwi, remember this well, I was 8 years old and one of my mother's friends had been to Australia in early 1985 and even at that age I loved coins (More the concept of having money, than coin collecting - my piggybank had knifemarks in it!!) and she told me she had a big surprise for me from Australia.

I was hoping it was one of those 12 sided 50 cent coins or one of those horrendous hard koala teddy bears and a plastic boomerang, she said it was better and gave me a $1 coin dated 1984. Now this is early 85 in Christchurch and the coin blew my mind as I had never heard of such a thing, let alone see it. I had it for years (Probably got caught up in my stolen collection of 2001 - or some friend of mine snookered it out of me at school).

Now I realise the magnitude of that gift - $1 was a lot to give to someone's 8 year old kid (In 1985 the Kiwi dollar was only worth 50 cents Aussie and had a buying power of close to $10 now).