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20 Dollars - Charles III Carnival

Issuer Cook Islands
Year 2024
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Currency Dollar (1972-date)
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Obverse description Central medallion featuring the uncrowned effigy of King Charles III in right-facing profile, wearing a suit, with the initials 'DT' visible below the bust, attributed to the engraver Dominique Thiébaut. The legend '20 DOLLARS' arcs to the left and 'CHARLES III' to the right within the inner circle, with 'COOK ISLANDS' inscribed along the lower arc. The surrounding field is elaborately decorated in a steampunk style with high-relief mechanical elements including interlocking gears, segmented pipes, and cogwheels, all rendered in antiqued finish. The word 'STEAMPUNK' appears in bold raised letters along the lower right border of the coin.
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Obverse lettering 20 DOLLARS CHARLES III COOK ISLANDS STEAMPUNK
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Additional information

Cook Islands has become one of the more prolific issuers of large-format commemorative silver in the Pacific region, with its licensing arrangements allowing private minting programs to operate under its authority. The "Carnival" theme places this squarely in a collector series targeting the festive-issue market that expanded sharply after 2020, when several European mints pivoted toward high-premium thematic coins to offset declining circulation contracts.

The three-ounce silver specification at .9999 fineness reflects a production choice aimed at bullion-adjacent collectors — fine enough to satisfy purity-conscious buyers, heavy enough to justify a significant premium over spot.

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