5 Dollars - Charles III Scorpio

Tokelau has become one of the most prolific issuers of themed bullion and collector silver in the Pacific, a function not of local monetary need — the territory's population sits below 1,500 — but of a licensing arrangement that allows external mints to produce legal tender issues under Tokelau's authority. This piece belongs to a zodiac series released under Charles III's name following his accession in September 2022, making it among the earlier issues to carry his designation on Pacific-issued collector coinage.