Catalog
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| Issuer | Cook Islands |
|---|---|
| Year | 2003 |
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| Composition | Log in to see details |
| Weight | 5 g |
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| Obverse description | Right-facing crowned effigy of Queen Elizabeth II, wearing the George IV State Diadem and drop earrings, with hair elaborately coiffed, after the portrait by Raphael Maklouf. The legend ELIZABETH II arcs along the left field and COOK ISLANDS along the right field, both within a beaded inner border. The date 2003 appears in the lower exergue. |
|---|---|
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| Edge | Reeded |
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| Additional information |
Cook Islands has issued commemorative gold under royal warrant since the 1970s, functioning as a revenue-generating program rather than a circulating monetary system — the face values assigned bear no relationship to bullion content or purchasing power on the islands themselves. The Year of the Goat series sat within a broader Pacific-issuer trend of licensing Chinese lunar themes to mint houses catering to Southeast Asian collector markets, particularly in Hong Kong and Singapore.
The .9999 fineness — four nines — was not standard for the period; most gold commemoratives of the early 2000s were struck to .999 or .9167. Its adoption here was a deliberate marketing decision targeting buyers who associated four-nines purity with premium product.