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15 Dollars - Elizabeth II 3rd Portrait - Red Kangaroo
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 1994-1995 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse script | Latin |
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| Edge | Reeded |
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| Additional information |
The Red Kangaroo bullion series launched in 1989 as a direct challenge to the South African Krugerrand's dominance in the fractional gold market. Perth Mint's decision to use .9999 fine gold rather than the Krugerrand's .9167 gave it a meaningful purity advantage and opened access to markets — particularly in Asia — where .999 or better was a purchasing requirement. The $15 face value denomination corresponds to one-tenth of an ounce, priced at a modest premium over spot to attract retail investors alongside collectors.
Ian Rank-Broadley's fourth portrait of Elizabeth II replaced Arnold Machin's third in 1998, making the 1994–1995 issues among the final years carrying the Machin obverse in this series.