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1 Dollar - Elizabeth II Aquarius Gemstone

Issuer Cook Islands
Year 2003
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Value 1 Dollar
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Obverse lettering ELIZABETH II COOK ISLANDS · ONE DOLLAR ·
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Edge Reeded
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Additional information

Part of a twelve-piece zodiac series released by Cook Islands in 2003, this issue belongs to a wave of novelty collector coins that flooded the Pacific island issuer market in the early 2000s. Cook Islands had by then become a reliable vehicle for third-party minting operations — primarily European firms — targeting the themed bullion gift market rather than any domestic monetary purpose. The embedded garnets are genuine, though their inclusion required custom capsule dies and individual stone-setting, driving production costs well above face value from the outset.

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