The Beaconsfield area was first explored by Europeans in 1804. Mining of the limestone in the area led to the discovery of gold in 1869. Mining began in 1877 and the town was named in 1879 after Benjamin Disraeli,1st Earl of Beaconsfield and Prime Minister of the United Kingdom at the time. The town rose to prominence as Tasmania's richest settlement when gold fever struck in 1887, and made headlines again in 2006 when two miners were trapped underground for 14 days after a disastrous earthquake cave-in.

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