1 Dollar - Elizabeth II Year of the Snake

Tokelau — three coral atolls with no indigenous coinage tradition and a total land area under 12 square kilometers — has operated an active collector mint program since 2012, issuing coins under New Zealand authority. The program exists almost entirely for the numismatic export market; these pieces do not circulate among the roughly 1,400 residents.

The 2016 Snake issue falls within the annual Lunar series targeting Asian collector markets, a category that became aggressively competitive among small-territory issuers in the 2010s. KM#225 is a half-troy-ounce format, a weight choice driven by price-point strategy rather than any denominational convention.