Issued by the Royal Austrailia Mint
to celebrate the 150th Anniversary of the
‘Adelaide Pound’ Australia’s first gold coin.
In the 1841, Australia was in the grip of severe drought, times were hard,
when gold was first discovered in the United States, 2% of Australia’s population,
upped sticks and moved to the US in the hope of striking it rich.
The governor of Australia Fitzroy offered a reward of £1000 to the first person
to discover gold in the colony. He believed that the discovery of gold
would lead to more people staying in Australia and more people would settle,
therefore helping the economy.
In 1851 a rich seam of gold was found at Mount Alexander, 500 km east of Adelaide
and 100 km north west of Melbourne.
The Australian gold rush was born.
In 1852, gold miners visited towns, with there gold nuggets in hand.
Because of there was no set price for the gold, transactions proved difficult.
A standardised gold coin was called for, and the Adelaide pound was born.
This coin comes complete with a pure gold inset, featuring
the Adelaide Pound, Certificate of Authencity and Box
Metal: 99.9% Silver
Weight: 60.50 Grams
Denominaton: Ten Dollars