5 Dollars - Elizabeth II 2010 FIFA World Cup

Cook Islands has issued commemorative silver in volume for decades, largely through the New Zealand-based trading company Pobjoy Mint and similar contractors, targeting the collector market rather than domestic circulation. The 2010 FIFA World Cup licensing agreements required any issuing authority — including remote Pacific sovereignties — to pay per-piece royalties to FIFA, a cost that was folded directly into the inflated face values and collector premiums on issues like this one.