One and two cent coins were removed from circulation in 1992.
What happened to a lot of those coins a few years later?
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They were exported and melted down for their Copper, Nickel and Zinc. Since they were still legal tender it was illegal to “deface” them in Australia. At the time of the cessation of minting them, it cost more to make them (material cost) than their face value.
They were melted down, but they were melted down for a specific purpose. Something else was made out of them.
My guess is that the recycled metal went into coins of higher denomination.
Or into something else, of a similar colour, that was given out in Sydney in the year 2000.
OK, I finally get it. Medals
Bronze medals.