1 Dollar - Elizabeth II 3rd Portrait - Australian Kookaburra

The Kookaburra silver bullion series launched in 1990 with a deliberate design strategy that separates it from most government bullion programs: the reverse design changes every year, making each date a distinct collectible rather than a fungible unit of metal. The 1998 issue falls in the middle of the series' most actively traded years, when the Perth Mint was aggressively expanding its bullion program to compete with the Canadian Maple Leaf and American Eagle in international markets.

KM#327 is the standard one-ounce issue. A five-kilogram variant was also struck for 1998, a format the Perth Mint had introduced earlier in the decade to attract institutional and display collectors.