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10 Dollars - Elizabeth II Pegasus

Issuer Cook Islands
Year 2022
Type Non-circulating coin
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Obverse lettering ELIZABETH II COOK ISLANDS IRB 2022
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Reverse script Latin
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Additional information

The Pegasus bullion series from Cook Islands sits in a crowded market of fractional gold issues sold primarily to collectors rather than investors, where the legal tender face value is purely nominal and the issuing authority is a formality of New Zealand's free association arrangement. Cook Islands has no independent mint and licenses production through third-party refiners, which is standard practice for the dozens of small Pacific jurisdictions that generate revenue through numismatic licensing agreements rather than actual monetary circulation.

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