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ON THIS DAY Made in Australia from Australian gold – our first gold ‘coin’

September 23, 2015 in Antique Coins, Australian Coins, Blogs, Coins, Collecting, Gold, Numismatica, Numismatics, Perth Mint, Precious Metals, Rare Coins, World Coins

By: Blog Team Perth Mint Blog

Just 18 years old, the colony of South Australia fabricated Australia’s first gold coin on this day in 1852.

Strictly speaking it isn’t a coin, but a coin-shaped ingot or token guaranteed by the colony to be worth one pound.

It came about after an estimated 8,000 men left Adelaide to join the Victorian gold rush – taking with them most of the city’s sovereigns. As the first successful miners began to return with their finds, a means of turning it into coins was quickly required

With the local economy on the brink, the Adelaide Assay Office was hastily established under the Legislative… Full article at the source>

Source: Perth Mint Blog

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