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5 Dollars - Elizabeth II Buffalo, Gold Bullion Coinage
| Issuer | Cook Islands |
|---|---|
| Year | 2008 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Orientation | Medal alignment ↑↑ |
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| Obverse description | Right-facing effigy of Queen Elizabeth II after the fourth portrait by Ian Rank-Broadley, depicting the Queen with a tiara and wearing a necklace. The legend ELIZABETH II flanks the left of the effigy and COOK ISLANDS to the right, with the date 2008 positioned in the exergue below the truncation. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
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| Edge | Reeded |
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| Additional information |
Cook Islands has issued gold bullion coinage under its own authority since the 1990s, though the islands' monetary policy remains tied to New Zealand. This particular fractional issue belongs to a wave of sub-gram gold products that flooded the market in the late 2000s, aimed squarely at entry-level bullion buyers priced out of full-ounce product. The Buffalo design was a deliberate play on the popularity of the U.S. American Buffalo series, which had launched in 2006 and generated immediate collector demand.
At half a gram, premiums over spot on these pieces are steep relative to metal content.