Australia · $2 coins

2011 Australian $2 Coin

The 2011 Australian $2 is a circulating $2 coin with 1.8 million made. Value band: small premium. Here is how to recognize it, what makes one worth more and what to check on yours.

Year
2011
Circulation mintage
1,800,000
Value band
Small premium
Composition
Aluminum bronze (92% copper, 6% aluminum, 2% nickel)

Original illustration of the coin's shape and metal. Tap to flip. Not a picture of the actual design.

Value band: Small premium

Face value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.

What is a 2011 Australian $2 worth?

At 1.8 million, the 2011 Australian $2 has a smaller run than most $2 coins, so collectors pay a small premium for it, especially in uncirculated condition. Well circulated examples sit close to face value.

What would make yours worth more:

  • Uncirculated condition
  • A mint roll or set coin
  • A genuine mint error

For market prices, look at recent sold results for the same coin in the same condition, not asking prices.

Quick answers

Is the 2011 Australian $2 rare?
It is scarcer than most $2 coins. Collectors pay a small premium for good examples.
How many 2011 Australian $2 coins were made?
1,800,000 were struck for circulation.
What is the 2011 Australian $2 made of?
Aluminum bronze (92% copper, 6% aluminum, 2% nickel). It weighs 6.6 g and measures 20.5 mm.
Is the 2011 Australian $2 still legal tender?
Yes. Every $2 coin, colored commemoratives included, is legal tender in Australia.
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The 2011 $2 coin in context

If there is one regular $2 date to check your change for, it's 2011. Only 1.8 million were struck for circulation, the lowest figure for any date in the series. For comparison, 2010 reached 36.5 million and 2013 reached 35.1 million, so the 2011 coin is roughly one for every twenty of its neighbors. It is also lower than any date with the Maklouf portrait, including the 4.9 million of 1993.

The reason is not a design change or a special event. The Royal Australian Mint strikes circulation coins to match orders from banks and in 2011 the demand for new $2 coins was very low. The following year was also light at 5.9 million, so 2011 and 2012 together form a small pocket of scarce dates. Because the coin looks identical to every other Rank-Broadley $2, many were spent without anyone noticing, which is why people still find them in change today. Every 2011 $2 carries Ian Rank-Broadley's portrait, since the switch to Jody Clark's effigy was still eight years away.

How to recognize it

There's nothing on a 2011 coin to separate it from other Ian Rank-Broadley dates except the date itself. The obverse shows the Queen in a tiara with IRB below the neck and ELIZABETH II AUSTRALIA 2011 around the rim. The reverse has Horst Hahne's Aboriginal elder, modeled on Gwoya Jungarai, with the Southern Cross stars and grass trees. HH initials are not present. Read the last two digits under good light, since a worn 2011 can look like a 2017 or 2014 at a glance. Uncirculated coins from the mint's annual sets show bright, frosty luster that circulated coins quickly lose.

2011 Australian $2 by the numbers

Measured by how many were made, the 2011 Australian $2 is the lowest of 36 circulation dates of the $2 coin. The next more common is the 2019 Australian $2 (Clark portrait) (2 million).

Compared with the dates around it, the 2011 output was 20 times fewer than 2010 and 3.3 times fewer than 2012.

What to check on your 2011 Australian $2

  • Confirm the date 2011 and the portrait on the other side.
  • Check the edge: Australian $2 coins have interrupted milling, with sections of reeding separated by smooth gaps.
  • Weigh it if you are unsure: a genuine $2 coin weighs 6.6 g and is 20.5 mm across.

This is the key date for regular $2 coins. Even worn examples are worth keeping because so few exist and nice circulated coins bring a small premium. Uncirculated 2011 coins with full luster draw a collector premium and are the most wanted regular date for people building a complete set. Coins from the mint's annual uncirculated sets are a good source of high grade examples. Don't clean one: polishing leaves fine scratches that collectors spot straight away and it lowers interest rather than raising it.

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Ian Rank-Broadley portrait: the long middle run (1999 to 2019)

From 1999 the Queen appeared in a more mature portrait by Ian Rank-Broadley, wearing the tiara known as the Girls of Great Britain and Ireland. His IRB initials sit under the neck, which is the quickest way to tell his coins from the Maklouf and Clark ones. This portrait stayed on the $2 for two decades, longer than any other on the coin so far. Hahne's reverse carried on untouched. On Australian decimal coins it followed Arnold Machin's portrait of 1966 and Raphael Maklouf's of 1985.

Mintages in this period swing wildly because the Royal Australian Mint strikes to meet demand from the banks. The 2009 date reached 74.5 million, the highest since the launch year, while 2000 managed only 5.7 million. The real standout is 2011 at just 1.8 million, the lowest circulation figure for any $2 date. The 2012 date was also light at 5.9 million and both years have become favorites for people checking their change.

This era also brought color into Australian pockets. In 2012 the Remembrance Day $2 with a red poppy became the first colored coin in the $2 series released for circulation. A steady run of colored designs followed for Anzac anniversaries, sporting events and a children's book. The portrait ended in an unusual way: in 2019 the mint switched to Jody Clark's effigy partway through the year, so that date exists with both portraits.

Mintage chart

Circulating $2 coins by mintage, 2011 Australian $2 highlightedLog scale · hover or tap a bar · 1988–2024
1M10M100M

Specifications

CountryAustralia
Denomination2 dollars
IssuerRoyal Australian Mint
Year2011
Circulation mintage1,800,000
CompositionAluminum bronze (92% copper, 6% aluminum, 2% nickel)
Weight6.6 g
Diameter20.5 mm
ShapeRound
EdgeInterrupted milling

Frequently asked questions

How many 2011 $2 coins were made?

The 2011 circulation mintage was just 1.8 million, the lowest of any regular $2 date. The year before reached 36.5 million and even the light 2012 date managed 5.9 million, which is why the 2011 is the date collectors look for most.

What should I do with a 2011 $2 from my change?

Keep it and don't clean it. Worn coins hold a small premium because of the low mintage, while uncirculated ones draw a collector premium. Store it in a soft flip or envelope so it doesn't pick up new scratches.

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Mintage figures: Australian two-dollar coin (Wikipedia, CC BY-SA 4.0), compiled from Royal Australian Mint figures. How we build these pages.