1 Dollar - Elizabeth II Three Generations

Tokelau — three coral atolls in the South Pacific with a combined land area under 12 square kilometers — issues commemorative coinage not through any domestic mint but under licensing arrangements, with pieces struck abroad and sold directly into the collector market. The territory has no circulating coinage of its own and uses the New Zealand dollar in daily life. This "Three Generations" issue belongs to a category of modern numismatic product designed entirely for retail sale, with gold plating over base metal as the production standard across much of this segment.