25 Dollars - Elizabeth II Year of the Goat

The Cook Islands has operated one of the more prolific bullion and commemorative programs in the Pacific since the 1970s, issuing currency under New Zealand's economic umbrella while contracting minting rights to facilities in Europe and North America. This 5-troy-ounce format became a recurring vehicle for Chinese lunar themes targeting the collector market, a program driven almost entirely by export demand rather than domestic circulation — virtually none of these pieces have ever been spent on Rarotonga.

The Year of the Goat falls in a cycle that last aligned in 1955, 1967, 1979, 1991, and 2003 before this issue.