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15 Dollars - Elizabeth II 3rd Portrait - Koala - Platinum
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 1992-1993 |
| Type | Non-circulating coin |
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|---|---|
| Obverse script | Latin |
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| Reverse script | Latin |
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| Additional information |
Australia's platinum koala series launched in 1987, making Perth one of the earliest sovereign mints to issue a bullion program in platinum rather than gold or silver. The fractional denominations — of which this is among the smallest — were added incrementally as the program matured, targeting collector-investors who wanted exposure to the metal without committing to the one-ounce price point. Platinum was trading near historic highs against gold in the early 1990s, briefly surpassing $500 USD per troy ounce in 1992.
The third portrait of Elizabeth II, by Raphael Maklouf, was retired after 1998.