2 Dollars - Elizabeth II 3rd portrait - Masterpieces in Silver

2 Dollars - Elizabeth II (3rd portrait - Masterpieces in Silver) -  obverse2 Dollars - Elizabeth II (3rd portrait - Masterpieces in Silver) -  reverse

© Mike Bentley


Country Australia
Type Non-circulating coin
Years 1988-1991
Value 2 Dollars
2 AUD = 1.38 USD
Currency Dollar (1966-date)
Composition Silver (.925)
Weight 8.43 g
Diameter 20.62 mm
Thickness 3.2 mm
Shape Round
Orientation Medal alignment ↑↑
References KM# 101a
Standard Catalog of World Coins
by George S. Cuhaj
(Krause Publications)

Commemorative issue

25th Anniversary Decimal Currency


3rd portrait of Queen Elizabeth II facing right wearing the King George IV State Diadem


Engraver: Raphael David Maklouf

Raphael David Maklouf is a sculptor, best known for designing the effigy of Queen Elizabeth II used on the coins of many Commonwealth nations. Maklouf was born in Jerusalem emigrating with his family to the United Kingdom after the Second World War. He attended the Camberwell School of Art until 1958, afterward becoming an academic lecturer for ten years. He was made an Associate of the Royal Society of British Sculptors in 1979. Raphael Maklouf was born to a Jewish family. His father is Samuel Maklouf, born in Safed, Raphael Makouf's mother is Leonie Maklouf.


1/2 length figure of Aboriginal man at left, Southern Cross above, denomination at right, Grass Tree to the far right


Engraver: Horst Hahne

Horst Hahne PSM, is an Australian sculptor, medallist and designer. Signature: "HH"


Smooth with 4 short reeded segments (5 grooves each)

2 Dollars - Elizabeth II (3rd portrait - Masterpieces in Silver) -  obverse

© Mike Bentley


Released by the RAM in 1988 is this $2 Dollar Sterling Silver (.925) Proof coin. It was available initially individually in a capsule in a small plush black box. The 1988 coin had the "HH" Designers initials on the reverse.

It was also released in the 1988 Masterpieces in Silver Bi-Centennial Set Four coin set along with a Silver $5, $1 & 50 cent coin. This set commemorated the Bi-Centennial year of Australia's settlement by Commodore Arthur Phillip who led the First Fleet to Sydney Cove on 26th January 1788.
Later it was released as part of the 1991 "Masterpieces in Silver" eight coin set (Without the designers initials) which commemorated the 25th anniversary of the introduction of Decimal Currency. This was the first complete set of Australian circulating coins released in sterling silver and the first sterling silver releases of Australian one, two, five, ten and twenty cent coins. 1991 was also the last year of one and two cent circulating coin production in Australia.

See also

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Year Mintage G VG F VF XF AU UNC Frequency
1988  5,000 7% Proof (MIS Sydney Coin Fair)
1988  19,999 71% Proof Bi-Centennial Set
1988  24,970 18% Proof in Case
1991  24,000 35.00 25% Proof Masterpieces in Silver Set

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as a measure, but they are not intended to be relied upon for buying, selling or exchanging coins. Numista does not buy or sell coins.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this coin. Since some users own several versions, the sum may be greater than 100%.

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Numista Rarity index: 77 Search tips
This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin and 100 meaning a rare coin among Numista members.

Bullion value: 4.51 USD Search tips
This value is given for information purpose only. It is based on a price of silver at 579 USD/kg. Numista does not buy or sell coins or metal.

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2 Dollars - Elizabeth II (3rd portrait - Masterpieces in Silver)