2 Dollars - Elizabeth II Golgotha

Tokelau has no mint of its own and issues coins entirely as a licensing arrangement, with production typically contracted through the New Zealand Mint. At 0.1555 g, this sits in the fractional gold category sometimes called a "half-tenth" or micro-gold issue — a format that has proliferated sharply since the 2010s as sovereign-branded gold became a retail collectible product rather than a monetary instrument.

Tokelau's nominal face values bear no relationship to its actual economy, which operates on the New Zealand dollar.