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5 Dollars - Elizabeth II 4th Portrait - Kangaroo - Gold Bullion Coin
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 2010 |
| 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 |
|---|---|
| Obverse script | Latin |
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| Mint | Perth Mint, Australia (1899-date) |
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| Additional information |
Australia's four-nines gold bullion program, administered by the Perth Mint rather than the Royal Australian Mint, operates under a distinctive legal arrangement: Perth functions as a statutory authority of the Western Australian government, not the federal government, yet produces legal tender coins under license from the Commonwealth. This tension between state and federal authority has shaped the mint's commercial independence in ways that no other major bullion producer quite replicates. The one-tenth ounce denomination sits at the practical lower boundary of the Kangaroo series, introduced to capture retail bullion buyers priced out of the one-ounce format.