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15 Dollars - Elizabeth II 4th Portrait - Australian Nugget Gold
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 1998-1999 |
| Type | Non-circulating coin |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mintage | 1998 - Proof - 521 1999 P100 - BU - 105,292 |
| Additional information |
The Australian Nugget series shifted from depicting actual discovered nuggets to kangaroo designs in 1990, a commercial decision driven by international bullion market research showing kangaroos outsold nugget imagery among European and Asian buyers. The .9999 fineness was a deliberate point of differentiation from the South African Krugerrand's .9167, targeting investors who equated higher purity with better value — a marketing calculation that proved correct in Asian markets particularly.
The Perth Mint operates independently of the Royal Australian Mint, functioning under a Western Australian state guarantee rather than federal authority.