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Are the ‘Holey Dollar’ and ‘Dump’ coins still legal tender?

The Holey Dollar and Dump are the only Australian coins which have had their ‘legal tender’ status removed, or been ‘demonetised’.

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Australia's first commemorative $2 coin remembers them

Friday 26th October 2012

In the lead-up to Remembrance Day, it is only fitting that Australia's first $2 commemorative circulating coin features the poppy flower, a symbol synonymous with this important day of reflection.

To further honour the sacrifice of all Australians involved in war and armed conflict, the Royal Australian Mint wanted the first ever $2 commemorative coin to count for something more and has also produced a special colour printed version of the $2 coin with a red poppy to be distributed through the national RSL Red Poppy Appeal.

Parliamentary Secretary to the Treasurer, the Hon Bernie Ripoll MP, acknowledged the significance of this day and the partnership with the Royal Australian Mint and RSL.

"Remembrance Day is a time when Australia stops and remembers the courageous men and women that made sacrifices for their country, and this coin will carry on that message, a special reminder for when people receive this coin in their change," Mr Ripoll said.

"As we know red poppies are sold around the country in the lead-up to Remembrance Day through the RSL Red Poppy Appeal and this year it seemed only fitting that a special version of the $2 coin be a part of that national appeal."

The coloured coin, of which there will be half a million, will be circulated nationally through the RSL Red Poppy Appeal. The non-coloured poppy coin, to be produced in a minimum run of five million, will be distributed through the normal channels via banks and retail outlets over the coming months.

Mr Ripoll said this was an historical moment in Australia's coining history.

"The $2 coin has had the same design on it since it was introduced back in 1988 and the Royal Australian Mint has chosen a simple yet effective design to carry the message of Remembrance Day," Mr Ripoll said.

"This coin highlights the world class innovation and skill of the Royal Australian Mint and the entire team there is to be congratulated for the quality of the finished product."

Both coins feature a poppy design surrounded by the words 'Lest we forget' and 'Remembrance Day' in repetitive micro-lettering.

Royal Australian Mint Chief Executive Officer Mr Ross MacDiarmid said this release is one that the Royal Australian Mint team have been working very hard towards and will not go unnoticed around the world.

"Only one other country, Canada, has released coloured coins into circulation and the fact that we have added micro-lettering into the design showcases our world class innovative capabilities," Mr MacDiarmid said.

A collectible coin product is also available for $12.95 from the Royal Australian Mint. For more information visit or the Mint's Facebook page. For information on where to find the coloured coin contact your local RSL sub-branch.

For frequently asked questions in regards to the coins being released please click here.

For media inquiries, please contact:
Michelle Nakamura, 0418 164 769

Download high-resolution coin image
Coin Description Download
50 cents Silver Proof Coin

2012 Remembrance Day $2 commemorative circulating coin

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2012 Remembrance Day $2 commemorative coloured circulating coin

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50 cents Silver Proof Coin

2012 Remembrance Day $2 'C' mintmark commemorative colour printed coin


50 cents Silver Proof Coin

2012 Remembrance Day $2 'C' mintmark commemorative colour printed coin packaging