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20 Dollars - Elizabeth II Vatican

Issuer Cook Islands
Year 2008
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Engraver(s) Ian Rank-Broadley
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Obverse description Right-facing effigy of Queen Elizabeth II wearing a tiara, rendered in the fourth portrait by Ian Rank-Broadley, with a small drop earring visible. The legend ELIZABETH II arcs along the left field, 20 DOLLARS along the upper field, and COOK ISLANDS along the right field. The date 2008 appears in the lower exergue. The portrait is finely detailed with curled hair and a draped neckline.
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Reverse script Latin
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Additional information

Cook Islands has operated an aggressive commemorative program since the 1970s, licensing its sovereignty to foreign minting houses producing pieces with no circulation intent whatsoever. This 2008 Vatican issue belongs squarely to that category — a product of the collector market rather than any monetary need of Avarua or Rome.

The Holy See has no minting agreement with Cook Islands. Vatican coinage is struck under Papal authority at the Italian State Mint in Rome, making this a unilateral tribute issue.

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