Australia Silver Coin Melt Values - Live Calculator
The table below lists each denomination and computes live melt value from the current silver spot price of $66.61 per troy ounce.
| Coin | Face Value | Years | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Qty | Melt Value |
|---|---|---|---|---|---|---|---|---|
| Shilling | 1 | 1910 - 1944 | 0.925 | 5.65 | 5.23 | 0.168 | $0.00 | |
| Florin | 1 | 1910 - 1945 | 0.925 | 11.31 | 10.46 | 0.3364 | $0.00 | |
| Crown | 1 | 1937 - 1938 | 0.925 | 28.28 | 26.16 | 0.841 | $0.00 | |
| Shilling | 1 | 1946 - 1963 | 0.5 | 5.65 | 2.83 | 0.0908 | $0.00 | |
| Florin | 1 | 1946 - 1963 | 0.5 | 11.31 | 5.66 | 0.1818 | $0.00 | |
| Pence | 3 | 1911 - 1944 | 0.925 | 1.41 | 1.3 | 0.0419 | $0.00 | |
| Pence | 3 | 1947 - 1964 | 0.5 | 1.41 | 0.71 | 0.0227 | $0.00 | |
| Cents | 50 | 1966 | 0.8 | 13.28 | 10.62 | 0.3416 | $0.00 | |
| Pence | 6 | 1910 - 1945 | 0.925 | 2.82 | 2.61 | 0.0839 | $0.00 | |
| Pence | 6 | 1946 - 1963 | 0.5 | 2.82 | 1.41 | 0.0453 | $0.00 | |
| Grand Total | $0.00 | |||||||
Country Silver Coin History
Early Colonial Period
During the early colonial period, Australia did not have its own coinage. Instead, a variety of foreign coins were used in the colony, including British, Spanish, Dutch, and Indian coins. The shortage of coins led to the use of rum as a currency.
Introduction of the Sterling System
In 1825, the British government imposed the sterling system on the colonies, and British coins began to circulate widely. However, it wasn't until the mid-19th century that silver coins became more common in everyday transactions.
Australian Silver Coinage
Australia's own silver coinage began in 1910 when the Australian government introduced its first silver coins, which included the florin, shilling, sixpence, and threepence. These coins were minted in London and bore the image of King Edward VII.
Decimalization
On February 14, 1966, Australia adopted the decimal currency system, replacing the pound with the Australian dollar. The new silver coins included the 50-cent, 20-cent, 10-cent, and 5-cent pieces. Initially, the 50-cent coin was made of 80% silver but was soon replaced with a copper-nickel version due to the rising cost of silver.
Modern Commemorative Coins
In recent years, the Royal Australian Mint has issued numerous commemorative silver coins to celebrate various events, anniversaries, and cultural heritage. These coins are typically produced in limited quantities and are popular among collectors.
