2002 
| Proof | |
| Issue | 328 |
| 2003 | 350 |
The individual coin was limited to an issue of 1,500, housed encapsulated in a black, free-standing display case with a clear perspex screen. In addition, the coin was included in two sets: 350 in 5 coin proof sets and 400 in 3 coin proof sets released by the Perth mint.The design on the reverse of this coin reflects man's obsession with timekeeping. It is the second in a 5-year Evolution companion series depicting the tools or instruments that have helped man define the universe through the ages. The intricate reverse design features representations of ancient and modern timekeeping methods.
The latin inscription reads 'Tempus fugit et nunquam revertitur (Time flies and never returns). Both sides have been treated to produce an 'antiqued' appearance - the first Australian coin to be finished in this way.
The Perth Mint commissioned glass artist Elizabeth Mavrick to create dichroic glass art pieces incorporating the ten ounce silver Evolution of Time coin.