22 September 2020
The Royal Australian Mint has issued a one dollar coin designed to be donated to ‘those who need it most’ after a challenging year for the country.
The Mint will distribute millions of the coins into circulation over the coming years, with three million already released, with the aim of producing one for every Australian. Those who receive the coin are then encouraged to donate the coin to a charity of choice, to a struggling business, or to anyone in need.
Royal Australian Mint CEO, Ross MacDiarmid, said: ‘We’re extremely proud to introduce the world’s first Donation Dollar and tap into the Australian spirit of generosity. Like any other one dollar coin, the cycle of a Donation Dollar is ongoing, as is its potential for positive impact. If every Australian donated a Donation Dollar just once a month, it has the potential to raise an additional $300 million annually for those who need it most. So with Australia’s support, we believe Donation Dollar has the power to make a real difference.”
The coin features a green centre with a gold ripple design symbolising the ongoing impact each donation makes to those who need it most. The innovative coin project comes after a tumultuous year for Australia – having faced a bushfire crisis, an ongoing global pandemic and an economic recession – leaving many Australians in need of a helping hand. According to new findings in the Australian Generosity Report, one in five Australians say they’ll require some degree of charitable aid over the next twelve months, either for themselves or family. According to a survey, 50% of Aussies are believe ‘it’s important more than ever’ to give to charity in the current climate.
Chair of The Community Council for Australia and Former Chief Executive of World Vision Australia, Tim Costello, has shared his praise and support for Donation Dollar and the difference it will make for those who need a helping hand: ‘Our immediate reaction when presented with the Donation Dollar was “finally an idea that unites every Australian charity, but also every Australian, in a common good”. With research showing almost one in five Australians, who don’t currently give to charity at all, saying the coin would lead to them giving more to charity, there’s no doubt in my mind this is a gift that will benefit those who are most vulnerable in our nation, starting now – a time when many need this kind of helping hand the most.’
Charities can find out how they can benefit from Donation Dollar by visiting the website donationdollar.com.au, where Australian businesses can download special ‘accepted here’ signage.
Special print offer for UK readers!
Join Coin Collector magazine today and get your first issue FREE! Your subscription will then continue at just £12.99 a year on Direct Debit. You'll never miss an issue and they'll be delivered direct to your home.
Here's editor Matt with a quick message about the magazine and the offer…