One Dollar 2021 M - Milo, Coin from Australia - detailed information

The one dollar coin denomination (written as $1) was introduced in Australia in 1984, replacing the earlier banknotes. The original definitive type featuring five kangaroos has not been changed since its introduction and is still issued regularly.

Apart from the regular design, the Royal Australian Mint issues a large variety of circulating commemorative one dollar coins which have the same specifications and circulate in parallel with the definitive type - such as this one.

This circulating commemorative dollar coin is part of the The Great Aussie Coin Hunt 2 campaign - a series of 26 different $1 coins where each features a letter of the English alphabet and an Australian symbol starting with that letter. The coin for the letter M features the popular drink Milo.

The Mint says:
"M is for Australia's own MILO - the choc-malted milk drink fuelling little Aussies (and big ones) since 1934. Since then, debates have raged across the nation on the best way to consume the choc-malt flavoured drink... with hot or cold milk. More than 13,000 tonnes of MILO a year are made in the MILO factory in New South Wales, which equates to 20 cups made every second for Australia and New Zealand!"

Milo is a malted chocolate powder typically mixed with milk, with hot water, or both, to produce a beverage. Produced by Nestlé, Milo was originally developed in Australia by Thomas Mayne in 1934.