2019 Cartwheel Penny 1oz Silver Proof Coin – SOLD OUT
The Cartwheel Penny – The first coins exported to the Australian Colonies
George III one-penny coins were referred to as “Cartwheel pennies”. These were the first British coins to be officially exported to the Australian colonies, and so can be considered Australia’s first official coinage. Dated 1797 and 1799, they were minted to relieve a chronic copper coin shortage and were the very first British coins minted by Matthew Boulton’s famous steam-powered coining press.
Bolton, the son of a Birmingham metal product manufacturer, had built the ground-breaking steam-powered Soho Mint in 1788. As well as medals and tokens, he produced high-quality coins from copper and silver for which he has been described as the founder of modern coinage
The famous cartwheel penny was to become the first coin to be exported to the British Australian colony. “Near four tons” of 1797-dated pennies arrived aboard the Porpoise, which docked in Port Jackson in 1800 to relieve cash-strapped New South Wales.
It occupies an important place in Australian numismatic history as the first coin formally exported to New South Wales, and is also regarded as Australia’s first official coin.
Issuing Authority: St Helena
Denomination: 25 Pence
Product Issue Limit – 500 coins
Total Coin Mintage Limit – 1,500
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