1 Dollar - Elizabeth II 3rd Portrait - Silver Kangaroo

The Silver Kangaroo dollar was introduced in 1993 as Australia's answer to the American Silver Eagle and Canadian Maple Leaf — a bullion coin aimed squarely at international precious metals investors. The 1994 issue carries two KM numbers because the Royal Australian Mint produced both a standard finish and a proof version that year, distinguished primarily by the treatment of the planchet rather than any design change. The series never achieved the global market penetration of its competitors, partly due to inconsistent annual promotion and partly because the Perth Mint's Kookaburra series had already claimed much of the domestic collector base by that point.