1 Dollar - Elizabeth II USA Peace Dollar

Cook Islands has issued dollar-denominated coins under New Zealand's currency arrangements since the 1970s, but pieces like this one exist purely as collectibles — no one is spending them in Rarotonga. This is a modern restrike tribute to the American Peace Dollar series, produced for the collector market and bearing Elizabeth II's effigy as issuer rather than any US authority. The 71 mg of silver cladding is cosmetic, enough to satisfy "silver" marketing claims while keeping production costs negligible.