The newest of all of the circulating Australian coins to be minted by the Roya Australian Mint (RAM), first issued in 1988 the $2.00 has been a huge success with Australians.  The $2.00 coin has also been minted for commemorative occasions such as the Olympics, Possum Magic and more sombre occasions such as ANZAC Day and Remembrance Day, even though many of these coloured commemorative coins are put into circulation many are snapped up and put in collections all over Australia  with not many lasting for long in circulation.