Two Cents 1986 (mint sets only), Coin from Australia - detailed information

The Australian two-cent coin is the second smallest denomination of the Australian dollar. It was introduced with the Currency Act 1965 (Commonwealth) but - unlike some of the other denominations - it did not replace an earlier pre-decimal coin; given that the 5 cents piece replaced the sixpence, two cents were technically equal to 2.4 pence but the Act rounded that to either two or three pence. The halfpenny, penny and threepence denominations had no exact equivalent in the new system, unlike the sixpence, shilling and florin which were equivalent to respectively 5 cents, 10 cents and 20 cents and were re-denominated as such

No two cent coins were issued into circulation in 1986. Some were struck for the proof and uncirculated mint sets of the year only.

The one cent and the two cent denominations were withdrawn from circulation in February 1992. They have never been demonetised though and remain legal tender.