Tokelau has no permanent currency infrastructure of its own — the territory uses the New Zealand dollar for actual commerce. Its coin program exists entirely for the collector market, administered through arrangements with external minting agencies. This particular piece, gold-plated copper-nickel, sits firmly in the souvenir category rather than anything approaching monetary function.
KM# 102 was issued the year Buckingham Palace underwent a significant phase of its £369 million restoration program, funded partly by the Sovereign Grant increase approved in 2016.
Tokelau has no permanent currency infrastructure of its own — the territory uses the New Zealand dollar for actual commerce. Its coin program exists entirely for the collector market, administered through arrangements with external minting agencies. This particular piece, gold-plated copper-nickel, sits firmly in the souvenir category rather than anything approaching monetary function.
KM# 102 was issued the year Buckingham Palace underwent a significant phase of its £369 million restoration program, funded partly by the Sovereign Grant increase approved in 2016.