The Australian half ounce silver piece (abbreviated as 1/2 oz and designated with Ag for "silver") is a bullion and commemorative coin format; it has face value of either 1 dollar or 50 cents. 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.
The silver Lunar Series series was introduced in 1999 by the Perth Mint (the Royal Australian Mint started a parallel series later) and is dedicated to the Chinese Lunar Calendar and the Chinese Zodiac. Known as Sheng Xiao or Shu Xiang, it features twelve animal signs in this order: Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Sheep, Monkey, Rooster, Dog and Pig. Boasting a history of more than 2,000 years, it plays an essential role in Chinese culture. The animals zodiac in a cycle are not only used to represent years in China, but also believed to influence people’s personalities, career, compatibility, marriage, and fortune.
This non-circulating $1 coin was issued as part of the Lunar Series of coins to mark the 2023 Chinese Year of the Rabbit (22 January 2023 to 9 February 2023).
The Mint says about it:
To celebrate 2023, the year of the Water Rabbit, the Royal Australian Mint has produced this beautiful 2023 $1 1/2 oz Silver Ingot. Featuring the gentle Rabbit amongst plantain lilies, which represent innocence, happiness and harmony, the ingot honours those people born under the sign of the Rabbit, who are believed to be noble, elegant and lovely. A brilliant and auspicious gift or collectible for Lunar New Year 2023. |
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The obverse of the coin depicts the crowned old bust of Queen Elizabeth II facing right, wearing the Royal Diamond Diadem crown worn for her Coronation (effigy known as the "Fifth Portrait" worldwide but "Sixth Portrait" in Australia, where the Queen's portrait by Vladimir Gottwald was fifth).
The Queen also wears the Coronation Necklace; originally made for Queen Victoria in 1858, it was also worn at the coronations (as Queen's Consort) of Queen Alexandra in 1902, Queen Mary in 1911 and Queen Elizabeth (the Queen mother) in 1937.
Unlike on British coinage, the effigy is "uncouped" (includes the Queen's shoulders). In small letters on the left, the artist's initials JC (for Jody Clark).
Running continuously around the rim is the monarch's legend, the date of issue and the face value: ELIZABETH II · AUSTRALIA 2023 · 1 DOLLAR ·.
The effigy, legend and face value are in a small circle, surrounded by lily flowers. |
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