1 Dollar - Elizabeth II 3rd Portrait - Kookaburra - Silver

The Australian Kookaburra bullion series, launched by the Perth Mint in 1990, was designed from the outset to compete directly with the Canadian Maple Leaf and American Eagle in the international silver bullion market. Its defining commercial hook — an annually changing reverse design — was a deliberate strategy to drive collector demand on top of pure bullion interest, a model that proved influential enough that other mints adopted variants of it within the decade.

KM#289 spans two calendar years because Perth Mint fiscal years run July to July, not January to December.