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200 Dollars - Elizabeth II 4th Portrait - Koala - Platinum

Issuer Perth Mint
Year 1998-1999
Type Non-circulating coin
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Obverse script Latin
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Reverse description Central motif depicts a koala seated atop a weathered eucalyptus log, rendered in fine detail with finely textured fur and naturalistic modelling by Horst Hahne. The animal faces left and holds a eucalyptus sprig to its mouth. The curved legend THE AUSTRALIAN KOALA arcs across the upper field, flanked by a beaded border, with the weight and purity inscription 2 OZ. 9995 PLATINUM continuing to the right. The date 1998 appears in the lower field, and the Perth Mint privy mark P is situated to the lower right of the central device.
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Additional information

Australia's platinum Koala series, launched in 1987, was among the first government-issued platinum bullion programs in the world — competing directly with the Soviet Palladium Ballerina and the Isle of Man Noble for a market that was still deciding whether platinum had a future as an investment coin. The one-ounce $200 denomination was the flagship of the series from the start. Ian Rank-Broadley's fourth portrait of Elizabeth II was adopted across Commonwealth coinage from 1998, which is precisely why this two-year type exists at all: the transition simply reset the portrait.

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