The Australian quarter-ounce gold piece (abbreviated as 1/4 oz and designated with Au for "gold") is a bullion coin format. Uniquely, in Australia there are two mints authorised to strike legal tender: the Royal Australian Mint (which also makes the country's circulating coinage) and the Perth Mint which only makes collector and bullion coins, as well as other bullion products.
Both mints endeavour to create coins with attractive designs, and to introduce new designs and themes often, in order to raise the numismatic value of the coins over the value of previous metal used.
This coin commemorates the 60th Anniversary of the Coronation of Queen Elizabeth II. Her Majesty ascended the throne on February 6, 1952 and was crowned Queen Elizabeth II on 2nd June 1953. An estimated three million people lined the streets of London to catch a glimpse of the procession, while millions more crowded around newly-purchased television sets to watch the investiture of Britain's youngest Sovereign since Queen Victoria. For many, the Coronation represented the beginning of a hopeful new Elizabethan era. |