The Australian Kookaburra series has run continuously since 1990, making it one of the longest-lived bullion programs from any mint. Each year's reverse carries a new kookaburra design — a deliberate policy that drives date collectors and keeps secondary market premiums above melt. The 2022 issue marks the first year of Ian Rank-Broadley's sixth portrait of Elizabeth II appearing on Australian bullion coinage, a transition that occurred just months before her death in September of that year.
The multiple KM references reflect distinct privy mark and finish variants struck for that year, a practice Perth has used aggressively since the 1990s to segment collector markets across different distribution channels.
The Australian Kookaburra series has run continuously since 1990, making it one of the longest-lived bullion programs from any mint. Each year's reverse carries a new kookaburra design — a deliberate policy that drives date collectors and keeps secondary market premiums above melt. The 2022 issue marks the first year of Ian Rank-Broadley's sixth portrait of Elizabeth II appearing on Australian bullion coinage, a transition that occurred just months before her death in September of that year.
The multiple KM references reflect distinct privy mark and finish variants struck for that year, a practice Perth has used aggressively since the 1990s to segment collector markets across different distribution channels.