20 Dollars - Elizabeth II Love v.1

Tokelau's coinage program is administered entirely by New Zealand, which has issued collector silver on behalf of the territory since the 1970s. The atoll group has no mint of its own, no significant domestic economy, and a population under 1,500 — making its numismatic output purely a revenue instrument for the New Zealand government rather than anything approaching circulating currency.

The 93.3g specification places this squarely in the 3 troy ounce category, a weight tier that became increasingly common among Pacific sovereign issuers after 2015 as the collector market pushed for larger format bullion-adjacent pieces.