4 Dollars - Elizabeth II Teddy Bear

Cook Islands has issued commemorative gold miniatures under licensing arrangements for decades, and the "Teddy Bear" series falls squarely within that tradition — pieces produced primarily for the collector and gift market rather than any domestic monetary need. The island nation's currency relationship with New Zealand means these denominations never circulate in any practical sense.

At 1.04 grams of .9999 fine gold, the specification matches the fractional gold micro-coin format that gained commercial traction in the 2010s as spot prices made smaller entry-point gold pieces marketable to non-specialist buyers.