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1 Dollar - Elizabeth II 1813 Holey Dollar
| Issuer | Government of the Cook Islands |
|---|---|
| Year | 2005 |
| Type | Non-circulating coin |
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| Obverse description | The annular field of this proof coin features the right-facing crowned effigy of Queen Elizabeth II as engraved by Raphael David Maklouf, positioned at the upper right between the inscriptions. The legend reads 'ELIZABETH II' to the left and 'COOK ISLANDS' to the right, arching around the upper portion of the annulus. The denomination and date 'ONE DOLLAR 2005' appear along the lower arc, separated by pellet stops. The broad mirror-polished field and central circular void evoke the historic form of the colonial New South Wales Holey Dollar. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
The original 1813 Holey Dollar was Australia's first distinct currency — Governor Lachlan Macquarie solved a coin shortage in New South Wales by importing Spanish dollars and having a disc punched from each centre, creating two coins from one. The outer ring became the Holey Dollar; the punch-out became the Dump. Cook Islands commemorated this episode nearly two centuries later, embedding an actual replica of that punched-centre form into the design conceit.
The KM# 1025 is part of a broader wave of Pacific island legal-tender issues that used novel formats to attract collector premiums rather than circulate.