2 Dollars - Elizabeth II 6th Portrait - Great Barrier Reef

Australia's $2 face value on a 62-gram silver coin is a legal fiction that exists entirely to satisfy the Currency Act — the denomination bears no relationship to the bullion value, which runs roughly 50 times higher at spot. Perth Mint issues in this weight class are struck to the one-troy-ounce-equivalent standard that dominates the international bullion market, with .9999 fineness achieved through electrolytic refining at the Mint's own Western Australian operations, one of the few facilities globally that controls the full chain from raw doré to finished coin.