20 Dollars - Elizabeth II 4th Portrait - Kangaroo Dreaming

The "Kangaroo Dreaming" series was part of Perth Mint's broader push in the late 2000s to move beyond purely bullion-grade product into collector-focused fractional gold — a market that the Royal Canadian Mint was aggressively capturing at the time. The Ian Rank-Broadley effigy used here, designated the fourth portrait, was adopted by Australian coinage in 1999 and remained standard through 2018.

KM#1109 covers two years of issue, though mintage figures for individual years within the series were never publicly disaggregated by Perth Mint — a recordkeeping habit that continues to frustrate variety collectors.