The regular circulating coinage of Australia includes coins from 5 cents up to two dollars. Apart from those, the Royal Australian Mint also issues non-circulating coins for collectors, some of which are made of silver and denominated as $10 (ten dollars). These are not bullion, since they are sold at prices much higher than the intrinsic value of the precious metal they contain.
This coin commemorates the 150th anniversary of the foundation of Melbourne and is the first issue in a series which represents the individual States and Territories of the Commonwealth of Australia; its design features the Coat of Arms of Victoria.
Victoria, like Queensland, was named after Queen Victoria, who had been on the British throne for 14 years when the colony was established in 1851. After the founding of the colony of New South Wales in 1788, Australia was divided into an eastern half named New South Wales and a western half named New Holland, under the administration of the colonial government in Sydney. The first British settlement in the area later known as Victoria was established in October 1803 under Lieutenant-Governor David Collins at Sullivan Bay on Port Phillip. Melbourne, which later became capital of the state, was founded in 1835. | 
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