10 Dollars - Charles III 1st Portrait - Dragon

The Dragon coin is the first release in Perth Mint's new bullion series tied to the Chinese lunar calendar under Charles III's effigy, arriving in a market where competing lunar silver programs from the Royal Canadian Mint and the British Royal Mint have steadily eroded Perth's dominance in the category it effectively invented in 1996. At 311 grams — ten troy ounces — this sits at the practical ceiling for coins that secondary dealers can move without significant liquidity friction.

Ian Rank-Broadley's portrait of Charles III appears here for the first time on a Perth lunar issue, replacing the Jody Clark effigy used on the final Elizabeth II-era strikes.