2 Pounds - Charles III Challenge, Colored

Pitcairn Islands issues no circulating coinage — the population, numbering fewer than fifty people, uses the New Zealand dollar in daily life. These collector pieces are produced under licensing arrangements and sold directly to the international numismatic market, the only realistic revenue stream available to an island with no airport and no export industry to speak of.

The "Challenge" designation links this to the challenge coin tradition borrowed from military culture, where tokens were carried as proof of membership or unit affiliation.