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200 Dollars - Elizabeth II Year of the Rat
| Issuer | Cook Islands |
|---|---|
| Year | 2020 |
| Type | Non-circulating coin |
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|---|---|
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| Reverse description | A highly detailed close-up depiction of a rat in the foreground, rendered with fine engraving, set against a pastoral countryside landscape in the background. The design features an inlay of genuine blue Mother of Pearl that adorns the composition, adding colour and texture contrast to the polished gold field. The inscription YEAR OF THE RAT arcs along the upper portion of the reverse, with the date 2020 positioned below. |
| Reverse script | Latin |
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| Additional information |
Cook Islands has issued commemorative gold in large formats under licensing arrangements that effectively make the New Zealand government — which retains responsibility for Cook Islands' foreign affairs and defence — the silent guarantor of the currency. The Year of the Rat carries specific weight in the twelve-year lunar cycle: 2020 marked the beginning of a new cycle, and Chinese diaspora demand for first-year cycle pieces consistently drives premiums above those of mid-cycle issues.
At 155.5 grams, this is a five-troy-ounce piece — a format that appeals more to the bullion-adjacent collector market than to numismatists proper.