1 Dollar - Elizabeth II 4th Portrait - Year of the Snake

The "Year of the Snake" dollar was part of a long-running Perth Mint lunar series targeting the substantial Chinese-Australian collector market, a demographic the Mint began courting aggressively in the 1990s. These issues were struck for circulation but rarely circulated — most were absorbed immediately by collectors and gift-buyers, leaving survivors in genuinely high condition through no particular virtue of the minting process.

KM#2139 is the circulation-strike version; the Mint simultaneously released silver and gold collector issues in the same lunar theme, a parallel production strategy that had become formulaic by this point in the series.