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| Issuer | Perth Mint, Australia |
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| Year | 2018 |
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| Composition | Gold (.9999) |
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| Obverse description | Fourth portrait effigy of Queen Elizabeth II facing right, wearing the Girls of Great Britain and Ireland Tiara, as designed by Ian Rank-Broadley. The legend ELIZABETH II appears above, with AUSTRALIA and the denomination 200 DOLLARS inscribed in the field, along with the engraver's initials IRB below the portrait. The design is rendered in high relief against a mirrored proof field. |
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| Edge | Reeded |
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| Additional information |
The Australian Koala gold series, issued by the Perth Mint from 1980 onward, changes its reverse design annually — a deliberate policy that drives collector demand and discourages melting, since no single year's design is ever repeated. The two-troy-ounce specification places this piece in a weight class that appeals primarily to investors who want bullion-grade purity in a format large enough to carry meaningful premium without reaching the unwieldy territory of the ten-ounce issues.
Ian Rank-Broadley's fourth portrait of Elizabeth II, used here, was introduced across Commonwealth coinage in 1998 and remained in circulation use for nearly two decades before Jody Clark's effigy replaced it on most issues around 2015 — the Perth Mint's proof program retained it somewhat longer.