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25 Dollars - Elizabeth II 3rd Portrait - Kangaroo - Gold Bullion Coin
| Issuer | The Perth Mint |
|---|---|
| Year | 1989-1990 |
| Type | Non-circulating coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | A bounding Red Kangaroo in high relief occupies the central field, depicted in a dynamic leaping pose against a plain, polished background. The species identification RED KANGAROO appears in small lettering beneath the animal. The circular legend THE AUSTRALIAN NUGGET arcs across the upper periphery, while 1/4 OZ. 9999 GOLD is inscribed along the right side and the date 1990 is positioned at the base. Decorative dot separators punctuate the legends around the rim, lending the design a refined bullion coin aesthetic. |
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| Edge | Reeded |
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| Additional information |
Australia's switch to .9999 fine gold for the Kangaroo series in 1989 was a direct commercial challenge to the South African Krugerrand, which had long dominated the bullion market but was increasingly radioactive to institutional buyers under apartheid-era sanctions. The Perth Mint positioned the four-nines purity as a selling point over the Krugerrand's .9167 fineness, targeting both European and North American markets frozen out of South African product.
The 1989–1990 issues are the earliest in the series under KM#119, before the design was changed annually — a marketing decision adopted in 1990 to drive collector demand alongside bullion buyers.