Logo Title
obverse
reverse
brismike CC BY-NC
Australia
Context
Years: 2000–2019
Issuer: Australia Issuer flag
Currency:
(since 1966)
Total mintage: 259,121,767
Material
Diameter: 25 mm
Weight: 9 g
Thickness: 2.5 mm
Shape: Round
Composition: Aluminium bronze (92% Copper, 6% Aluminium, 2% Nickel)
Magnetic: No
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
KM: #Click to copy to clipboard489
Numista: #3148
Value
Exchange value: 1 AUD = $0.71
Inflation-adjusted value: 2.03 AUD

Obverse

Description:
Queen Elizabeth IV, facing right, wearing the Girls of Great Britain and Ireland Tiara.
Inscription:
ELIZABETH II

AUSTRALIA 2000

IRB
Script: Latin

Reverse

Description:
Mob of Roos: Five Kangaroos & Denomination
Inscription:
1 DOLLAR
Script: Latin
Designer: Stuart Devlin

Edge

7 shorter smooth segments between 7 reeded segments (11 grooves each)

Categories

Animal> Marsupial

Mints

NameMark
Royal Australian Mint

Mintings

YearMint MarkMintageQualityCollection
200027,118BU
20007,592,000
200015,557Proof
200431,036BU
20048,800,000
200540Proof
20055,792,000
20061,500BU
200638,691,000
200615,127Proof
200737,100BU
200712,417Proof
20072,629
20081,500BU
200830,106,000
200815,500Proof
20097,700BU
200921,600,000
20099,599Proof
2009C6,500BU
2009MM23,758BU
20102,500BU
201016,700,000
201010,002Proof
201117,866,000
20118,008Proof
20111,500BU
20129,270Proof
20122,500BU
20131,500BU
201320,850,000
20138,000Proof
20141,052,000
20146,650Proof
2014S5,000BU
20156,552Proof
2015[B]5,000BU
2015[M]5,000BU
201518,500BU
201522,310,000
2015[P]5,000BU
2015[S]5,000BU
2015[WMF]1,000BU
2016[S]3,000BU
2016[WMF]1,250BU
201618,902BU
201630,200,000
20167,019Proof
2016[B]3,000BU
2016[M]2,287BU
2016[P]3,000BU
2017[WMF]1,250BU
20177,215BU
201711,041,000
20177,319Proof
2017[B]2,500BU
2017[M]2,500BU
2017[P]2,500BU
2017[S]2,500BU
201826,275BU
2018[WMF]5,000BU
201812,825,000
20183,000Proof
2018[B]2,500BU
2018[M]2,500BU
2018[P]2,500BU
2018[S]2,500BU
2018[WME]5,000BU
201913,710BU
2019[A]1,513,000
20198,711,000
20191,016Proof
2019[S]1,512,000
2019[U]1,512,000
2019[WME]7,461BU
2019[WMF]5,000BU

Historical background

In the year 2000, Australia's currency situation was defined by a period of significant transition and resilience. The nation had recently navigated the 1997 Asian Financial Crisis with relative strength, avoiding the recessions that struck many regional neighbours. This stability was underpinned by a floating exchange rate regime, in place since 1983, which allowed the Australian dollar (AUD) to act as a shock absorber. At the dawn of the new millennium, the AUD was trading at a historically low level, briefly dipping below US$0.50 in early 2000. This weakness was largely attributed to a strong US dollar and a perceived "commodity currency" discount, as global investor sentiment towards resource-based economies was subdued.

A key event shaping the currency landscape was the introduction of the Goods and Services Tax (GST) on 1 July 2000. While the direct impact on the exchange rate was muted, the broader economic reforms of the era, including tax changes and continued deregulation, were aimed at fostering long-term economic robustness, which in turn provided foundational support for the currency. Furthermore, the Reserve Bank of Australia (RBA) had successfully maintained an inflation-targeting framework since 1993, which provided monetary policy credibility. In 2000, the RBA raised interest rates several times to curb inflationary pressures from a strong domestic economy and a depreciated currency, making the AUD more attractive to yield-seeking investors.

Looking forward, the currency's fortunes were poised for a major shift. The low point of 2000, often called the "Aussie battler" period, marked the end of a long downtrend from the 1980s. Unbeknownst to many at the time, the stage was being set for a historic commodities-driven boom. The rapid industrialisation of China, which would accelerate in the coming years, was about to create unprecedented demand for Australian mineral and energy exports. This would catalyse a sustained and dramatic appreciation of the Australian dollar throughout the 2000s, transforming it from a so-called "battler" into a strong, globally traded currency. Thus, the situation in 2000 represented the quiet conclusion of one era and the unnoticed dawn of another.
🌱 Very Common