Australian five-cent coin

The Australian five-cent coin was the third-smallest denomination coin of the decimal Australian dollar introduced in 1966. Since the withdrawal from circulation of the one and two cent coins in 1992 it has been the lowest-denomination coin in the country. There has been some debate about removing this coin from circulation, like in the New Zealand dollar mainly as stated for its low value and high costs. On 23 May 2009 Fairfax newspapers reported that the Royal Australian Mint planned to scrap the coin.

Australian five-cent coin

The Australian five-cent coin was the third-smallest denomination coin of the decimal Australian dollar introduced in 1966. Since the withdrawal from circulation of the one and two cent coins in 1992 it has been the lowest-denomination coin in the country. There has been some debate about removing this coin from circulation, like in the New Zealand dollar mainly as stated for its low value and high costs. On 23 May 2009 Fairfax newspapers reported that the Royal Australian Mint planned to scrap the coin.