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15 Dollars - Elizabeth II 3rd Portrait - Koala - Platinum

Issuer Perth Mint, Australia
Year 1993-1994
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Diameter 16.1 mm
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Obverse lettering ELIZABETH II AUSTRALIA 15 DOLLARS RDM
Reverse description A female koala and her clinging joey are depicted in high relief at the centre of the field, grasping the branch of a eucalyptus gum tree. The composition captures fine naturalistic detail in the animals' fur texture and claws. The circular legend THE AUSTRALIAN KOALA arcs across the upper field, with 1/10 OZ 9995 PLATINUM continuing to the right. The Perth Mint's P mintmark appears at the lower centre, flanked by the date 1993 along the lower arc.
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Additional information

Australia's platinum koala series, launched in 1988, was among the first government-issued platinum bullion programs in the world, competing directly with the Soviet Union's platinum Palladium issues and Canada's newly established maple leaf program. The Perth Mint positioned the fractional denominations specifically for collectors who couldn't commit to the one-ounce price point, and the 1/10 oz piece saw the widest retail distribution of the series.

The third portrait of Elizabeth II, by Raphael Maklouf, was already being phased out globally by 1994 in favor of Ian Rank-Broadley's effigy — making this a transitional issue in the series' portrait history.

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