10 Kina - Elizabeth II Butterfly, Gold issue

Papua New Guinea's gold coinage program of the late 1980s and early 1990s was driven largely by export revenue from the Ok Tedi and Porgera gold mines, which had transformed the country into a significant bullion producer. Small-denomination gold issues like this one were minted in fractional weights partly to meet demand from regional coin markets in Southeast Asia and Australia, where low-premium fractional gold attracted steady retail interest. KM#33 was struck at the Perth Mint under contract.