Issued by the Perth Mint, the 1997 Australia 1/4 oz Gold Lunar Ox BU (Series I) is a fractional gold coin from the Lunar Series I. Containing 1/4 troy ounce of .9999 fine gold, this coin carries legal tender status in Australia. The obverse features Queen Elizabeth II, while the reverse displays an ox design. Fractional coins offer greater flexibility for investors while maintaining full series recognition. It is valued for both its bullion and collectible characteristics.