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25 Dollars - Elizabeth II 4th Portrait - Great Barrier Reef

Issuer Perth Mint
Year 2014
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Reference(s) KM#2180
Obverse description The fourth portrait of Queen Elizabeth II, sculpted by Ian Rank-Broadley, is depicted as a right-facing diademed effigy occupying the central field. The Queen wears the Girls of Great Britain and Ireland tiara, with fine detail rendered in the hair and facial features. The engraver's initials 'IRB' appear in small relief below the truncation of the neck. The surrounding legend reads 'ELIZABETH II · AUSTRALIA 2014 ·' along the upper arc, with '· 25 DOLLARS ·' inscribed along the lower arc, all in raised Latin characters against a deeply mirrored proof field.
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Edge Reeded
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Additional information

The Great Barrier Reef series from Perth Mint was produced under Australia's colored bullion program, which expanded aggressively after 2010 as the mint competed with Royal Canadian Mint's wildlife issues for the collector-bullion crossover market. This particular quarter-ounce denomination targets investors who want fractional gold with numismatic appeal — a deliberate commercial positioning rather than any monetary necessity, given Australia had abandoned circulating gold decades prior.

The KM#2180 reference places it firmly in the Krause sequence for Perth's collector gold output of this period, where mintages were typically capped low and sell-through tracked closely against secondary market premiums.

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