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5 Dollars - Elizabeth II Centenary Ball

Issuer Cook Islands
Year 2021
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Value 5 Dollars
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Obverse description Right-facing diademed and draped effigy of Queen Elizabeth II after the portrait by Ian Rank-Broadley, whose initials IRB appear below the neck truncation. The legend ELIZABETH II is inscribed vertically along the left rim, COOK ISLANDS vertically along the right rim, and 5 DOLLARS arcs across the upper field. The date 2021 appears in the lower exergue.
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Reverse lettering PRINCESS GRACE OF MONACO & RAINIER III - 1966 1/2 G .9999 FINEST GOLD
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Additional information

The Centenary Ball series belongs to a well-established category of Cook Islands micro-gold issues produced almost entirely for the collector market, with no meaningful circulation history. Cook Islands has long maintained licensing arrangements with private minting operations — predominantly European — to produce small-denomination gold pieces carrying its authority but manufactured nowhere near the South Pacific.

At 0.5 grams, the gold content is just enough to satisfy bullion classification requirements in certain markets, which carries tax implications for buyers in the EU and elsewhere.

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