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50 Dollars - Elizabeth II 3rd Portrait - Koala - Platinum

Issuer The Perth Mint
Year 1995-1996
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Technique Milled
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Reverse description A naturalistic high-relief depiction of a mother koala and her joey clinging to eucalyptus branches, occupying the central field of the coin. The legend THE AUSTRALIAN KOALA arcs along the upper left rim, and the inscription 1/2 OZ 9995 PLATINUM continues along the upper right rim. The year of issue 1995 appears in the lower field, flanked by two small dots. The design, executed by Stuart Devlin, captures fine textural detail in the animals' fur and foliage against a polished mirror field, all enclosed within a beaded border.
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Edge Reeded
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Additional information

Australia's platinum koala series launched in 1987, making Perth one of the earliest national mints to issue a continuous platinum bullion program in direct competition with the Canadian Maple Leaf. The third portrait of Elizabeth II, by Raphael Maklouf, was already being phased out on most Australian coinage by the mid-1990s — Ian Rank-Broadley's effigy replaced it on circulating coins in 1999, but bullion issues retained Maklouf's rendering slightly longer.

The koala design changes annually, a deliberate policy to drive collector demand alongside pure bullion interest.

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