1
00:00:03,520 --> 00:00:06,480
Speaker 1: Continue our delve back into the year that turns forty

2
00:00:06,519 --> 00:00:10,480
Speaker 1: this year nineteen eighty four. We are catching up this

3
00:00:10,560 --> 00:00:14,600
Speaker 1: morning with the CEO of the Royal Australian Mint, Lee Gordon,

4
00:00:14,600 --> 00:00:17,240
Speaker 1: because it was on May fourteen in nineteen eighty four

5
00:00:17,800 --> 00:00:20,799
Speaker 1: the one dollar coin was released into circulation.

6
00:00:20,920 --> 00:00:23,079
Speaker 2: Hello, Lee, good, I go.

7
00:00:23,120 --> 00:00:24,200
Speaker 3: I threw to talk to you.

8
00:00:24,320 --> 00:00:26,880
Speaker 1: I can remember when this happened.

9
00:00:26,960 --> 00:00:27,640
Speaker 4: I do you want?

10
00:00:27,960 --> 00:00:32,320
Speaker 1: Getting that first one dollar coin was just so bizarre,

11
00:00:32,400 --> 00:00:36,040
Speaker 1: but there was I can also remember the controversy surrounding it,

12
00:00:36,080 --> 00:00:38,800
Speaker 1: with people saying, oh, my pockets will be wayed down

13
00:00:38,960 --> 00:00:40,960
Speaker 1: with you know, because I love the brown mine we did.

14
00:00:41,000 --> 00:00:42,680
Speaker 1: People didn't want to part with the note.

15
00:00:43,040 --> 00:00:46,640
Speaker 3: Yeah, well that's right. I can certainly remember a bus

16
00:00:46,680 --> 00:00:49,639
Speaker 3: conductor in Sydney. He said, I don't want these one

17
00:00:49,680 --> 00:00:51,960
Speaker 3: dollar coins. You take them. I don't need them anymore,

18
00:00:52,000 --> 00:00:54,920
Speaker 3: and he just gave me a handful of them. Oh really,

19
00:00:55,120 --> 00:00:56,640
Speaker 3: things have moved on a bit for me. That was

20
00:00:56,680 --> 00:00:57,880
Speaker 3: a while ago now, of course.

21
00:00:58,080 --> 00:00:58,280
Speaker 4: Yeah.

22
00:00:58,520 --> 00:01:02,960
Speaker 3: Yeah, as you say, forty years, it's really pretty well

23
00:01:03,000 --> 00:01:06,640
Speaker 3: the iconic coin that we have an our range of

24
00:01:06,840 --> 00:01:09,640
Speaker 3: decimal coins now, the one dollar It's hard to imagine

25
00:01:09,720 --> 00:01:12,440
Speaker 3: a time before it, but we certainly made that decision

26
00:01:12,480 --> 00:01:15,840
Speaker 3: to move across to the one dollar coin because back

27
00:01:15,880 --> 00:01:18,000
Speaker 3: in those days, the one and the two dollar notes

28
00:01:18,040 --> 00:01:20,680
Speaker 3: were you know, there were paper based notes and they

29
00:01:20,720 --> 00:01:23,440
Speaker 3: were moving around to their bit and they were wearing

30
00:01:23,480 --> 00:01:26,920
Speaker 3: out very quickly. So one dollar coin, you know, it

31
00:01:27,040 --> 00:01:29,119
Speaker 3: could last for thirty years, so it was a lot

32
00:01:29,160 --> 00:01:31,160
Speaker 3: more desirable to have it, and I think a lot

33
00:01:31,200 --> 00:01:33,160
Speaker 3: of people did like them in the end. They certainly

34
00:01:33,160 --> 00:01:35,360
Speaker 3: worked better on coin machines and that sort of stuff.

35
00:01:35,920 --> 00:01:38,480
Speaker 2: I loved it, know, I was nineteen on this felt

36
00:01:38,520 --> 00:01:40,520
Speaker 2: a bit special to have a little gold coin, especially

37
00:01:40,520 --> 00:01:42,360
Speaker 2: because they were gold as opposed to all the silver

38
00:01:42,520 --> 00:01:43,160
Speaker 2: currency we had.

39
00:01:43,240 --> 00:01:48,000
Speaker 3: Well that's right, they look gold. They're technically made out

40
00:01:48,000 --> 00:01:50,400
Speaker 3: of an aliminium bronze and if you want to be

41
00:01:50,440 --> 00:01:55,000
Speaker 3: scientificus ninety two percent copper, six percent aluminium and two

42
00:01:55,000 --> 00:01:58,480
Speaker 3: percent nickel. But they certainly do have that gold lustrous

43
00:01:58,480 --> 00:02:00,440
Speaker 3: look on them, which is really a hand some coin,

44
00:02:00,520 --> 00:02:02,640
Speaker 3: I think. And of course for the design with the

45
00:02:03,320 --> 00:02:06,040
Speaker 3: mob of ruse on it, it was designed by Stuart Devlin,

46
00:02:06,080 --> 00:02:09,839
Speaker 3: who did design the original decimal currency that we used here,

47
00:02:09,919 --> 00:02:12,600
Speaker 3: I believe it or not. There are five kangaroos on

48
00:02:12,639 --> 00:02:15,720
Speaker 3: that coin, which is really quite an achievement for such

49
00:02:15,720 --> 00:02:19,840
Speaker 3: a small, little, sneaky little that got so it's so fair,

50
00:02:20,200 --> 00:02:22,920
Speaker 3: But it's early. As I said, one of our iconic coins,

51
00:02:22,960 --> 00:02:23,760
Speaker 3: the one dollar coin.

52
00:02:24,000 --> 00:02:26,160
Speaker 1: Do you know I used to think at the time

53
00:02:26,200 --> 00:02:29,760
Speaker 1: this has spoken like a true teenager in nineteen eighty four.

54
00:02:30,080 --> 00:02:33,079
Speaker 1: I didn't love it because I always felt like notes

55
00:02:33,200 --> 00:02:37,280
Speaker 1: versus coins. I felt like I had less money. Oh really,

56
00:02:37,880 --> 00:02:42,519
Speaker 1: how ridiculous is that? Because it wasn't folding money notes, Oh,

57
00:02:42,680 --> 00:02:45,280
Speaker 1: Chris notes. I felt like I had less money. But

58
00:02:45,280 --> 00:02:47,360
Speaker 1: it's funny I didn't. But that was just me and

59
00:02:47,480 --> 00:02:50,760
Speaker 1: that's how I am with money. Stupid. How many were

60
00:02:50,800 --> 00:02:52,760
Speaker 1: released on the first day, Lee, do you know?

61
00:02:53,040 --> 00:02:55,000
Speaker 3: Well, look, I don't know how many went out on

62
00:02:55,040 --> 00:02:56,720
Speaker 3: the thirds day, but I did have a look an

63
00:02:56,720 --> 00:02:59,360
Speaker 3: air in your report. Yeah, and that told us in

64
00:02:59,400 --> 00:03:02,760
Speaker 3: the three eighty four financial years there were one hundred

65
00:03:02,760 --> 00:03:07,679
Speaker 3: and twenty seven million coins for the banks across that year,

66
00:03:07,760 --> 00:03:11,520
Speaker 3: So you know that's a fair few. For Australia. That

67
00:03:11,520 --> 00:03:14,040
Speaker 3: would have been less than twenty million dollars twenty million

68
00:03:14,040 --> 00:03:18,160
Speaker 3: people at that time, so a few coins per person. Yeah,

69
00:03:18,520 --> 00:03:22,560
Speaker 3: and yeah, they've and of course we've continued to release

70
00:03:22,600 --> 00:03:26,519
Speaker 3: them pretty well every year ever since that nineteen eighty

71
00:03:26,520 --> 00:03:26,919
Speaker 3: four day.

72
00:03:27,160 --> 00:03:29,840
Speaker 2: Yeah, Lisa likes to say that I keep everything, and

73
00:03:29,919 --> 00:03:30,720
Speaker 2: I have got one of it.

74
00:03:30,919 --> 00:03:31,920
Speaker 4: It's really quite scary.

75
00:03:32,480 --> 00:03:34,040
Speaker 2: So I have a brown windle of note that I

76
00:03:34,080 --> 00:03:36,760
Speaker 2: found at home the other day hanging around.

77
00:03:37,040 --> 00:03:39,400
Speaker 1: But he did, But I bought a crunchy.

78
00:03:42,120 --> 00:03:43,960
Speaker 4: Actually worth it? Is it worth anything?

79
00:03:44,040 --> 00:03:44,280
Speaker 1: Land?

80
00:03:44,680 --> 00:03:47,440
Speaker 4: Is it still actually legal tender? How long you take it?

81
00:03:47,520 --> 00:03:51,520
Speaker 3: I are they are still they are still legal tender. Yeah,

82
00:03:51,520 --> 00:03:55,000
Speaker 3: it's probably only a bank or the reserve bank that

83
00:03:55,040 --> 00:03:58,720
Speaker 3: would actually take them off here, right, So.

84
00:03:57,920 --> 00:03:59,440
Speaker 4: I get the crown and put it on the table.

85
00:04:00,600 --> 00:04:03,839
Speaker 3: But you're not alone, you know, because they estimate there's

86
00:04:03,880 --> 00:04:07,800
Speaker 3: about nineteen million one dollar notes still out in houses.

87
00:04:07,440 --> 00:04:11,040
Speaker 2: Of gosh, there's other silly old buggers.

88
00:04:11,280 --> 00:04:13,440
Speaker 4: They are there with one dollar.

89
00:04:14,280 --> 00:04:16,760
Speaker 3: And you know they're probably all hanging on to them, thinking, oh,

90
00:04:16,839 --> 00:04:18,240
Speaker 3: these will be really valuable.

91
00:04:19,360 --> 00:04:24,440
Speaker 4: There probably was one Scotland seven cents.

92
00:04:25,040 --> 00:04:28,600
Speaker 3: Apparently there was a there was a mint condition one

93
00:04:28,839 --> 00:04:33,600
Speaker 3: that hold sold recently for seven and a half thousand dollars.

94
00:04:33,640 --> 00:04:36,719
Speaker 4: Well check the serial number really high?

95
00:04:36,960 --> 00:04:41,680
Speaker 3: Yeah, you pressed, they're only really worth what for people

96
00:04:41,720 --> 00:04:44,640
Speaker 3: have prepared to pay for But there so you and

97
00:04:44,680 --> 00:04:46,799
Speaker 3: you were nineteen million dollar friends. It white special.

98
00:04:48,040 --> 00:04:50,080
Speaker 1: Did it take a long time to phase out the

99
00:04:50,080 --> 00:04:50,520
Speaker 1: dollar note?

100
00:04:50,560 --> 00:04:52,320
Speaker 4: I can't remember, McCauley.

101
00:04:52,600 --> 00:04:56,200
Speaker 3: Yeah, I look at it happened over time, you know,

102
00:04:56,400 --> 00:04:59,080
Speaker 3: deposited one dollars and they went into the bank system.

103
00:04:59,120 --> 00:05:01,640
Speaker 3: It would be coins would pop out the other way. Yeah,

104
00:05:02,279 --> 00:05:06,479
Speaker 3: and obviously it never fully completed. If there's nineteen millions

105
00:05:06,480 --> 00:05:07,680
Speaker 3: still ever, that's that's right.

106
00:05:07,760 --> 00:05:10,719
Speaker 1: Everyone hung on. We of course then went after the

107
00:05:10,760 --> 00:05:13,680
Speaker 1: dollar coin. We got a two dollar coin, and I

108
00:05:13,720 --> 00:05:15,520
Speaker 1: remember of the years as there was talk of getting

109
00:05:15,520 --> 00:05:18,760
Speaker 1: a five dollar coin and so on. But do you

110
00:05:18,880 --> 00:05:21,880
Speaker 1: think any of that will happen now that money is

111
00:05:21,920 --> 00:05:23,440
Speaker 1: handled in a very different way.

112
00:05:23,560 --> 00:05:28,839
Speaker 3: Lead, Yeah, well, that's right. There's certainly a demand for

113
00:05:28,920 --> 00:05:30,760
Speaker 3: all of the coins that we have at the moment,

114
00:05:31,839 --> 00:05:34,000
Speaker 3: from the five cent piece right up to the two dollars.

115
00:05:34,040 --> 00:05:36,919
Speaker 3: And my friends in the Reserve Bank told me that

116
00:05:36,960 --> 00:05:40,159
Speaker 3: there's still a healthy demand for the five dollar note

117
00:05:40,200 --> 00:05:43,240
Speaker 3: which circulated around I think if there were, if there

118
00:05:43,240 --> 00:05:45,520
Speaker 3: were going to be changes, there'd be some certainly some

119
00:05:45,600 --> 00:05:49,360
Speaker 3: consultation that goes on with the public about how we'd

120
00:05:49,360 --> 00:05:53,720
Speaker 3: make those changes, but there's no no plans within the

121
00:05:53,720 --> 00:05:56,680
Speaker 3: coin world to change the range of denominations that we

122
00:05:56,760 --> 00:05:57,520
Speaker 3: have at this stage.

123
00:05:57,600 --> 00:05:59,640
Speaker 2: Okay, I see more and more five cent pieces on

124
00:05:59,680 --> 00:06:01,880
Speaker 2: the ground these days, so people seem to not care

125
00:06:01,920 --> 00:06:04,479
Speaker 2: as much. But that goes against what you said with

126
00:06:04,600 --> 00:06:06,880
Speaker 2: the one dollar coins. Over the years, mean, we've seen

127
00:06:06,880 --> 00:06:08,240
Speaker 2: it with the fifty cent pieces. There have been a

128
00:06:08,279 --> 00:06:10,920
Speaker 2: lot of different designs that have popped up their special releases,

129
00:06:10,920 --> 00:06:11,960
Speaker 2: haven't they They're quite special.

130
00:06:12,440 --> 00:06:16,479
Speaker 3: Well, that's right, we certainly have. We've used them for

131
00:06:16,960 --> 00:06:21,120
Speaker 3: coins that commemorated like the Year of Peace, centenary of Federation.

132
00:06:21,800 --> 00:06:25,520
Speaker 3: I think we did, sixtieth anniversary of the end of

133
00:06:25,600 --> 00:06:29,520
Speaker 3: World War Two, maybe even I think Girl Guides Centenary

134
00:06:29,520 --> 00:06:31,520
Speaker 3: in twenty ten was the only one that comes to mind.

135
00:06:32,040 --> 00:06:34,360
Speaker 3: And we also use the one dollar coins for some

136
00:06:34,440 --> 00:06:38,440
Speaker 3: of our more fun coin programs we do, like Big

137
00:06:38,480 --> 00:06:44,799
Speaker 3: Things and the Great EUSI coin, Hunt Astra, and most recently,

138
00:06:44,920 --> 00:06:48,120
Speaker 3: you know, we've done a range of AFL and NRL

139
00:06:48,200 --> 00:06:51,400
Speaker 3: coin appeal to some of the sporty people out there,

140
00:06:51,440 --> 00:06:54,120
Speaker 3: So it's been a useful coin for those sort of.

141
00:06:54,200 --> 00:06:59,080
Speaker 1: Absolutely as far as the collector's coins. Do you know

142
00:06:59,400 --> 00:07:02,279
Speaker 1: which coin would be the most expensive?

143
00:07:02,800 --> 00:07:08,080
Speaker 3: Well, look, occasionally people will find a coin which has

144
00:07:08,080 --> 00:07:11,840
Speaker 3: a bit of a defect defect, so we try here

145
00:07:12,080 --> 00:07:15,320
Speaker 3: as hard as we can to not make coins with defects,

146
00:07:15,360 --> 00:07:18,320
Speaker 3: and if we do, to not release them. I don't

147
00:07:18,320 --> 00:07:19,640
Speaker 3: really talk about them too much.

148
00:07:20,040 --> 00:07:20,440
Speaker 1: They do.

149
00:07:21,920 --> 00:07:24,600
Speaker 3: We talk about them. There's been a couple of years

150
00:07:24,640 --> 00:07:28,840
Speaker 3: where our mintages have been a bit lower. So the

151
00:07:28,920 --> 00:07:32,640
Speaker 3: twenty twenty two mob of Rooms only had ten thousand

152
00:07:32,720 --> 00:07:36,000
Speaker 3: coins minted, under twenty twenty one only had one hundred

153
00:07:36,000 --> 00:07:39,200
Speaker 3: and sixty thousand, So they might be worth a little

154
00:07:39,200 --> 00:07:42,840
Speaker 3: bit more than your standard one dollar coin, I guess,

155
00:07:43,000 --> 00:07:46,360
Speaker 3: but it depends on what the market's doing there. But

156
00:07:46,440 --> 00:07:49,160
Speaker 3: certainly some of those ones with the lower mintages. Of course,

157
00:07:49,240 --> 00:07:54,080
Speaker 3: we've got King Charles on coins now, and we started

158
00:07:54,160 --> 00:07:57,280
Speaker 3: in twenty twenty three with the one dollar coin we

159
00:07:57,320 --> 00:08:00,920
Speaker 3: made about I think it's about four and a half

160
00:08:00,960 --> 00:08:03,480
Speaker 3: million of those in circulation at the moment, and we've

161
00:08:03,480 --> 00:08:05,960
Speaker 3: probably got another million and a half sitting in our

162
00:08:06,400 --> 00:08:10,880
Speaker 3: reserves to go out. So the twenty twenty three one

163
00:08:10,920 --> 00:08:13,760
Speaker 3: dollar coin, the first one with King Charles, I reckon

164
00:08:13,840 --> 00:08:15,360
Speaker 3: there's a few people that are going to hang on

165
00:08:15,400 --> 00:08:17,880
Speaker 3: to those if they find them in their chain emergency,

166
00:08:18,080 --> 00:08:21,200
Speaker 3: they might become a little bit more valuable than the standard.

167
00:08:21,520 --> 00:08:24,560
Speaker 3: But as I said before, you know it really is.

168
00:08:24,560 --> 00:08:26,840
Speaker 3: The value was what people have prepared to pay.

169
00:08:27,120 --> 00:08:29,240
Speaker 1: Yes, I mean I guess the less of them, the

170
00:08:29,280 --> 00:08:32,720
Speaker 1: more it will cost you, Lee Ceo of the Royal

171
00:08:32,760 --> 00:08:35,600
Speaker 1: Australian min Does anyone ever straight up asking for money

172
00:08:36,960 --> 00:08:37,640
Speaker 1: all the time?

173
00:08:39,280 --> 00:08:45,480
Speaker 3: You got any three samples exactly what you're at the

174
00:08:45,480 --> 00:08:48,480
Speaker 3: tim time factory. Well, I'm half tempted to wander around

175
00:08:48,520 --> 00:08:50,079
Speaker 3: with a handful of five cent pieces in.

176
00:08:50,480 --> 00:08:55,560
Speaker 2: Yeah, yes, yes, So I imagine if I found a

177
00:08:55,559 --> 00:08:57,520
Speaker 2: one dollar coin and coin Elizabeth looked a bit more

178
00:08:57,520 --> 00:08:59,400
Speaker 2: like Prince Andrew that might be worth something, then.

179
00:09:02,520 --> 00:09:05,880
Speaker 3: Will I be questioning whether that was an authentic coins? Right?

180
00:09:07,480 --> 00:09:10,240
Speaker 4: That's a dodgy one, That's right, I think.

181
00:09:10,280 --> 00:09:14,199
Speaker 1: On that note, Lee, it has been lovely to reminisce

182
00:09:14,240 --> 00:09:17,200
Speaker 1: about nineteen eighty four in the release of the first coin.

183
00:09:17,800 --> 00:09:18,760
Speaker 1: Fascinating stuff.

184
00:09:19,240 --> 00:09:21,599
Speaker 3: Thank you, Lee, Thanks very much for the Chad, and

185
00:09:21,640 --> 00:09:22,199
Speaker 3: have a great day.

186
00:09:22,760 --> 00:09:24,760
Speaker 4: Your paper will be one brown wonder on the night. Note.

187
00:09:24,800 --> 00:09:27,720
Speaker 4: By the way, we'll send it in the mail. Thank

188
00:09:27,720 --> 00:09:29,120
Speaker 4: you Lev, Thanks for your time,