5 Dollars - Elizabeth II Aquarius

Tokelau has no mint of its own and issues coins almost entirely as a licensing vehicle — the New Zealand Mint strikes these on its behalf, with Tokelau's nominal authority providing the legal tender designation that makes the pieces viable for sale to collectors. The Aquarius release is part of a twelve-coin zodiac series, a format that has become one of the most commercially saturated in the modern bullion-collector market.

KM#105 catalogs the 2021 strike; the 2022 issue shares the design with an updated date, a common production decision that stretches series revenue across fiscal years without retooling dies.