1 Dollar - Elizabeth II Morgan and Peace

Cook Islands has issued commemorative dollars under New Zealand's currency arrangements since the 1970s, frequently licensing classic American designs for collector pieces — a practice that sits in a long tradition of Pacific island territories monetizing numismatic nostalgia. This 2021 piece pairs two of the most historically loaded American coin types: the Morgan, designed by George T. Morgan and minted 1878–1921, and the Peace dollar, introduced immediately after as a deliberate symbol of post-WWI optimism. The two types were never struck simultaneously; the Morgan's final year and the Peace's first year are the same.