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25 Dollars - Elizabeth II 3rd Portrait - Australian Kangaroo - Gold Bullion Coin

Issuer Perth Mint, Australia
Year 1996-1997
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Diameter 22.6 mm
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Obverse description Diademed effigy of Queen Elizabeth II facing right, as rendered in the third portrait by Ian Rank-Broadley, wearing the King George IV State Diadem and pearl drop earrings. The legend ELIZABETH II encircles the upper field, with AUSTRALIA and the denomination 25 DOLLARS positioned below. The designer's initials RDM appear beneath the truncation of the portrait.
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Edge Reeded
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Additional information

The Australian Kangaroo bullion series launched in 1986 under the name "Nugget," initially featuring gold nugget reverses before switching to kangaroo designs in 1989 — a change driven by poor international name recognition against established rivals like the Krugerrand and Maple Leaf. The Perth Mint, operating independently from the Royal Australian Mint in Canberra, holds the legal authority to produce these coins under its own statutory framework, a distinction that still occasionally confuses buyers.

The .9999 fineness, introduced to undercut the Maple Leaf's then-dominant purity claim, required significant refining investment at the Perth facility.

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