Rumour / Truemour....In it's simplest form, the RBA and Australian Mint already have a working group in place that are examining our current coin set and deciding on the new one. Our coins have some of the highest metal count in the world and are overly expensive to mint, transport and process. We will all be looking forward to smaller and lighter coins within two years, announcement on this project will follow the Federal Election. The $0.50c as it stands has to go, too big and hard to process, the $0.05c its life expectancy has not as yet been determined...opinion is divided.....yes it's removal will have an immediate but small impact on inflation.....how about the introduction of a $5.00 coin it's is also being discussed.
There endeth the lesson.
Ross