Circulated.

1988 Australia 50c Bicentenary

The 1988 Australia 50c Commemorative issue of the 200th Anniversary First Fleet features the 3rd portrait of Queen Elizabeth II facing right wearing the King George IV State Diadem

Lettering:
ELIZABETH II AUSTRALIA 1988
RDM

Designer: Raphael David Maklouf 

On the reverse, the depiction of an uncharted map of New Holland (Australia), the stars of the southern cross and a ship of the First Fleet.

Lettering:
AUSTRALIA 1788-1988
W S E
NEW HOLLAND
FIFTY CENTS

Specifications