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100 Dollars - Elizabeth II 4th Portrait - Australian Kangaroo - Gold Bullion Coin
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 2012 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
|---|---|
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| Edge | Reeded |
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| Mintage | 2012 P - BU - 198,207 |
| Additional information |
The Australian Kangaroo bullion series, launched by the Perth Mint in 1987 as the "Nugget" series before rebranding in 1989, distinguishes itself from most sovereign bullion programs by changing its reverse design annually — a deliberate policy to discourage melting and encourage collector retention alongside investment demand. The 2012 issue falls within Ian Rank-Broadley's fourth portrait of Elizabeth II, introduced on Australian coinage in 1999.
Perth Mint operates under a Western Australian state government guarantee, making it legally distinct from the Royal Australian Mint in Canberra, which issues legal tender for general circulation. The .9999 fineness standard was adopted to compete directly with the Royal Canadian Mint's Maple Leaf program.