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2 Cents - Elizabeth II 3rd Portrait - Masterpieces in Silver Proof
| Issuer | Royal Australian Mint |
|---|---|
| Year | 1991 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
| Reverse script | Latin |
| Reverse lettering | 2 CENTS |
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| Additional information |
The "Masterpieces in Silver" series was the Royal Australian Mint's answer to a collector frustration that had persisted since decimal changeover in 1966: the standard two-cent piece was struck in copper-alloy and never in precious metal for circulation. These proof restrikes in sterling silver gave collectors composition-accurate facsimiles of denominations that, by 1991, were already circling the drain — the one- and two-cent coins were demonetised the following year after a Reserve Bank review determined that each cost more to produce than its face value.
Machin's third portrait of Elizabeth II, used on Australian coinage from 1985, appears here for the last time on a two-cent denomination before the coin's abolition.