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1 Dollar - Elizabeth II Monaco 2 Euro
| Issuer | Cook Islands |
|---|---|
| Year | 2007 |
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| Value | Log in to see details |
| Currency | Dollar (1972-date) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Central effigy of Princess Grace of Monaco, depicted in left-facing profile with an elegant coiffed hairstyle, replicating the design of the Monaco 2 Euro coin. Twelve stars from the European Union motif encircle the portrait in the outer ring. The inscription MONACO appears along the lower portion of the inner circle, with the date 2007 positioned to the right of the portrait. A beaded border frames the entire composition. |
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| Edge | Reeded |
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| Additional information |
Issued under Cook Islands' long-running arrangement that licenses its monetary authority for commemorative and novelty issues, this piece belongs to a series embedding genuine euro-denomination coins into gold surrounds — a legal curiosity, since the encased Monaco 2 Euro carries its own face value under EU monetary law while simultaneously serving as the subject of a Cook Islands dollar denomination. Monaco's 2 Euro coins have always commanded premiums in circulation due to the principality's minuscule mintages, making even encased examples targets for collectors who pulled them from these composites.