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15 Dollars - Elizabeth II 3rd Portrait - Koala - Platinum
| Issuer | Perth Mint, Australia |
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| Year | 1992-1993 |
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| Currency | Dollar (1966-date) |
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| Obverse description | The third effigy of Queen Elizabeth II faces right, rendered in high relief after the portrait by Raphael David Maklouf. The Queen is depicted wearing the King George IV State Diadem, pearl drop earrings, and a draped neckline. The legend 'ELIZABETH II AUSTRALIA 15 DOLLARS' arcs around the upper periphery, with the engraver's initials 'RDM' appearing below the truncation of the bust. |
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| Obverse 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.