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1 Dollar - Elizabeth II Crown Jewels

Issuer Cook Islands
Year 2002
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Engraver(s) Raphael David Maklouf
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Obverse script Latin
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Edge Reeded
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Additional information

Part of a wave of novelty issues from Pacific island jurisdictions in the early 2000s, when mints aggressively marketed gemstone-inlay coins to collectors as investment pieces. Cook Islands, though a self-governing territory in free association with New Zealand, maintains its own coinage rights — a technicality that made it attractive to the Franklin Mint and similar producers seeking a sovereign issuer for high-margin collectibles with limited numismatic standing.

The cubic zirconias are synthetic; only the rubies and sapphires are natural, though of commercial rather than gem grade.

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