1 Dollar - Elizabeth II Fragrant Jade

Issued under Cook Islands' well-established commemorative licensing program, this piece is one of dozens of novelty silver dollars produced in the early 2000s for the collector market — none of which circulated. The "Fragrant Jade" designation references nephrite jade, historically prized in Chinese culture for its spiritual and protective properties, and the series was clearly aimed at Asian collector demographics during a period when Pacific island mints were aggressively targeting that market.