What does the cryptic crossword clue "Large island freshly minted old coin? (3,6)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Large island freshly minted old coin? (3,6)

Telegraph Prize Cryptic #3213 | 3 Down | 2023-05-21 flower

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