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25 Dollars - Elizabeth II 3rd Portrait - Gold Nugget - Golden Eagle - Bullion Coin
| Issuer | The Perth Mint |
|---|---|
| Year | 1986-1989 |
| Type | Log in to see details |
| Value | 25 Dollars |
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| Composition | Log in to see details |
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| Obverse description | The obverse features the third-portrait effigy of Queen Elizabeth II, designed by Raphael Maklouf, facing right and wearing the George IV State Diadem Crown. The truncation of the bust is bare. The legend 'ELIZABETH II' arcs along the upper left field, 'AUSTRALIA' arcs along the upper right, and the denomination '25 DOLLARS' is inscribed along the lower arc, all separated by raised dot stops. The design is enclosed within a raised beaded border. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Australia's Gold Nugget series launched in 1986 as a direct challenge to the South African Krugerrand, which was then facing international trade sanctions over apartheid. The series was marketed aggressively in the United States, where the Krugerrand import ban created a genuine commercial vacuum. Perth targeted that gap explicitly.
The Golden Eagle design was used only through 1989, after which the series switched to the kangaroo motif and adopted annual design changes — a marketing decision that fundamentally altered the coin's collectibility structure and drove early-date examples like this one into a distinct category from later bullion issues.