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25 Dollars - Elizabeth II 4th Portrait - The Australian Nugget
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 2005-2006 |
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| Shape | Round |
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| Obverse description | The fourth portrait effigy of Queen Elizabeth II faces right, wearing the Girls of Great Britain and Ireland Tiara. The legend ELIZABETH II AUSTRALIA 25 DOLLARS arcs around the upper field, with the engraver's initials IRB appearing below the truncation of the bust. The portrait was executed by Ian Rank-Broadley and reflects the refined style introduced for Commonwealth coinage from 1998. |
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| Reverse script | Latin |
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| Additional information |
The Australian Nugget series launched in 1986 as Perth Mint's answer to the Krugerrand and Maple Leaf, deliberately targeting the investment bullion market with a rotating kangaroo reverse design — a decision made annually to discourage melting and encourage collector retention alongside the bullion demand. The .9999 fineness was a deliberate marketing distinction from the .9167 Krugerrand, positioning Australian product as purer at a moment when Asian investment markets were growing rapidly.
Ian Rank-Broadley's fourth portrait of Elizabeth II replaced the Maklouf effigy on Australian coinage from 1999 onward, following a standard Commonwealth update cycle.