Sorry guys. Not really satisfied. So refreshing this topic for further deliberations pls. I'm picking up from markn.
Hello Markn,
Once again I've reweighed the coin on another scale also a digital scale (Quartzell NCI) used for mails. So this would have some trustworthingness.The reading I got was 0.007. I then weighed a 2006 $2.00 and it weighed exactly the same. I've dissected some pics for you to evaluate-
first is the obverse and reverse

http://www.coincommunity.com/forum/..._Obvnrev.jpg target _blank rel nofollow

Obvnrev.jpg /a br / 97.61 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
Second shows part of the rim which obviously the upsetting mill had indented. The tips of the crown and the legend part 'A' and 'U' are quite visible.

http://www.coincommunity.com/forum/...crownobv.jpg target _blank rel nofollow

crownobv.jpg /a br / 67.92 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
Third is the "A" and 'U'

http://www.coincommunity.com/forum/...egendobv.jpg target _blank rel nofollow

legendobv.jpg /a br / 22.76 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
Fourth is the neck and chin lines.

http://www.coincommunity.com/forum/...wlineobv.jpg target _blank rel nofollow

neckjawlineobv.jpg /a br / 91.22 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
The eyes, nose and mouth

http://www.coincommunity.com/forum/...rloberev.jpg target _blank rel nofollow

Earringandearloberev.jpg /a br / 25.62 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
The second is the tip of the hair

http://www.coincommunity.com/forum/..._Hairrev.jpg target _blank rel nofollow

Hairrev.jpg /a br / 13.14 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
the tail end of no.2 and

http://www.coincommunity.com/forum/...otailrev.jpg target _blank rel nofollow

twotailrev.jpg /a br / 7.9 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
Lastly the native plant.

http://www.coincommunity.com/forum/...Plantrev.jpg target _blank rel nofollow

Plantrev.jpg /a br / 32.16 nbsp KB" border="0" style='cursor:default' onClick='doimage(this,event)'>
I think the coin is genuine and not a fake. Obviously it had passed through a lot of hands. Could it be categorized as a spectacular error? What error category can I place it under? Are there a lot of errors like this with aussie decimal coins?