2 Dollars - Elizabeth II World War I

Issued as part of Australia's centenary commemorations for the First World War, this coin belongs to a broader Perth Mint program that ran across several years, each release tied to a specific campaign or theater. The 1918 armistice centenary drove a surge in similar releases from mints worldwide, making collector fatigue a genuine market consideration for the series.

Australia lost over 60,000 dead from a population of fewer than five million — proportionally among the highest of any combatant nation. That weight gives these commemoratives more grounding than most.