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250 Dollars - Elizabeth II Ronald Reagan
| Issuer | Cook Islands |
|---|---|
| Year | 2016 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Dollar (1972-date) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Facing portrait of President Ronald Reagan rendered in high relief at centre, depicted smiling and wearing a suit and tie, set against a deeply mirrored proof field. To the right of the portrait, a waving American flag is shown in low relief, adorned with stripes and a canton of stars. The legend RONALD REAGAN arcs along the upper portion of the coin in raised Latin capitals. The Roman numeral date MMXVI appears at the lower left of the field, while the motto IN GOD WE TRUST curves along the lower arc. |
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| Reverse lettering | RONALD REAGAN MMXVI IN GOD WE TRUST |
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| Additional information |
Cook Islands has issued commemorative bullion under licensing arrangements for decades, and this palladium piece falls squarely in that tradition — the island nation itself had no particular connection to Reagan, but its mint licensing framework made it a practical vehicle for the issue. Palladium was still trading well below gold in 2016, which made it an attractive medium for commemorative bullion without the premium weight of a comparable gold strike.
Reagan's 1981 executive order lifting domestic price controls on oil is rarely cited in numismatic literature, but his administration's deliberate drawdown of the U.S. strategic metals stockpile — palladium included — shaped the metal's market for years afterward.