* Authentic Australian Penny * Striking silver plated chain necklace. * Necklace length 84cm * This necklace features a genuine sterling silver encased coin. * The Australian Penny was a coin of the Australian Pound used prior to decimalisation in 1966. It was worth one twelfth of a shilling and 1/240 of an Australian pound. The coin was equivalent in its dimensions, composition and value to the British penny, as the two currencies were fixed at par.The coin was first introduced in 1911, and stopped being minted in 1964. When decimalisation happened on 14 February 1966, the coin value was equal to 0.8333¢.