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50 Cents - Elizabeth II 4th Portrait - Koala - Silver Bullion Coin
| Issuer | Perth Mint, Australia |
|---|---|
| Year | 2013 |
| Type | Non-circulating coin |
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| Obverse description | The fourth definitive effigy of Queen Elizabeth II faces right, wearing the Girls of Great Britain and Ireland Tiara, as designed by Ian Rank-Broadley. The Queen's portrait is rendered in fine relief against a polished field. The legend encircling the effigy reads 'ELIZABETH II AUSTRALIA 50 CENTS', with the engraver's initials 'IRB' appearing below the truncation. |
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| Obverse script | Latin |
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| Additional information |
Australia's silver koala bullion series, managed by the Perth Mint rather than the Royal Australian Mint, operates outside the standard coinage framework — these are legal tender issues produced specifically for the international bullion market, with annual design changes on the reverse deliberately engineered to encourage year-on-year collector demand. The 2013 half-ounce denomination sits in the middle of a size range that expanded significantly after 2011 as the Perth Mint competed aggressively with the Canadian Maple Leaf and Austrian Philharmonic for shelf space in Asian precious metals markets.
Perth's .999 fineness standard, rather than the .9999 adopted by some competitors, reflects an earlier production commitment that the mint has largely maintained across the koala series.