1 Dollar - Elizabeth II Peacock

Cook Islands has issued commemorative dollar pieces under New Zealand's administration since the 1970s, many targeting the collector market rather than domestic circulation — the islands' actual population hovers around 17,000, making genuine circulatory demand negligible. This peacock issue falls squarely in that tradition, produced for philatelic and numismatic bureaus rather than any transactional purpose.

Elizabeth II died in September 2022, making this one of the final calendar-year issues to carry her effigy as reigning monarch.