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1 Dollar - Elizabeth II 1st Anniversary of the euro
| Issuer | Cook Islands |
|---|---|
| Year | 2003 |
| Type | Non-circulating coin |
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| Obverse description | Right-facing effigy of Queen Elizabeth II after Ian Rank-Broadley, depicting the Queen wearing a tiara and pearl drop earring with a pearl necklace, rendered in high relief. The legend 'ELIZABETH II' arcs along the left field and 'COOK ISLANDS' along the right field. The date '2003' appears in the lower exergue. The portrait is framed by a fine beaded border. |
|---|---|
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| Reverse description | Central field features a full-color insert depicting a 20 Euro banknote, reproduced in detail with the architectural motif and denomination visible. Twelve five-pointed stars, referencing the European Union flag, are arranged in a ring around the central insert. The legend 'EURO ONE YEAR' arcs across the upper field and 'ONE DOLLAR' across the lower field, all separated by the surrounding stars. A beaded border runs along the rim. |
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| Additional information |
The euro entered physical circulation on 1 January 2002, replacing the national currencies of twelve member states overnight in what remains the largest cash changeover in history — an estimated 14.5 billion banknotes and 52 billion coins distributed within weeks. Cook Islands had no monetary stake in the outcome, but the islands have long issued commemorative dollars tied to global events with little direct relevance to their economy, a practice that sustains their mint program rather than their circulation.