25 Cents - Elizabeth II We Meet Again at Last

Cook Islands has issued commemorative 25-cent pieces under its own authority since the 1970s, a right preserved from its status as a self-governing territory in free association with New Zealand. The "We Meet Again at Last" issue belongs to a wave of novelty collector releases the territory's licensing arrangements enable — pieces with no meaningful circulation history, produced entirely for the philatelic and numismatic trade market rather than any monetary function.

Silver-plated iron rather than solid silver keeps production costs low enough for mass-market collector sales. The iron core makes these detectable with a magnet.