Between 2007 and 2011, Treasures of Australia has celebrated five glittering prizes found in Australia: Sapphires, Opals, Diamonds, Gold, and Pearls. The final release in this series features the pearl. Oysters create natural pearls by depositing layers of nacre over a grain of sand or other intruder that settles inside the shell. Cultured pearls develop around a bead implanted by human hand. Since ancient times, the pearl has been a symbol of purity and femininity. It is the oldest known gem, and for centuries, it was considered the most valuable. The pearl is the birthstone for those born in June. The striking feature of this coin is the mother of pearl locket containing a natural keshi pearl.
Issued as legal tender under the Australian Currency Act 1965, the coin bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on its obverse. Weight, metal quality, legends ELIZABETH II and AUSTRALIA, denomination and the year of issue are also present there.
The coin’s reverse portrays an abstract interpretation of Australia’s marine environment, one of the world's richest sources of South Sea pearls. The design incorporates a transparent half-circle locket containing a natural Australian keshi pearl framed in mother of pearl. There is also an inscription "Treasures of Australia" engraved there.
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