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1 Dollar - Elizabeth II Habemus Papam: Franciscus

Issuer Cook Islands
Year 2013
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Currency Dollar (1972-date)
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Reverse description Front-facing bust portrait of Pope Francis depicted in papal vestments including a mozzetta and pectoral cross, his right hand raised in a gesture of blessing. The Latin proclamation 'HABEMUS PAPAM' arcs along the upper portion of the field, with the date '2013' inscribed below it. The papal name 'FRANCISCUS' appears in bold lettering along the lower rim.
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Mintage 2013 - Proof - 15,000
Additional information

Issued within months of Jorge Mario Bergoglio's election on 13 March 2013, this piece capitalizes on the short window between a papal election and the market's saturation with commemorative material. The Cook Islands has no meaningful connection to the Vatican; the issue exists because the territory's monetary arrangement with New Zealand allows it to produce legal tender coinage largely as a numismatic export commodity.

At 0.5 g of .9999 fine gold, the metal content is negligible by bullion standards — the piece trades entirely on its commemorative premium.

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