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5 Dollars - Elizabeth II Chameleon

Issuer Cook Islands Government
Year 2020
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Composition Silver (.999)
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Obverse description Effigy of Queen Elizabeth II facing right, wearing the Girls of Great Britain and Ireland tiara, as sculpted by Ian Rank-Broadley; the engraver's initials 'IRB' appear below the truncation. The legend 'ELIZABETH II' arcs along the left periphery and 'COOK ISLANDS' along the right, with the denomination '5 DOLLARS' inscribed across the upper field and the date '2020' at the base. The portrait is rendered in fine relief against a mirror-polished field characteristic of proof coinage.
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Edge Reeded
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Additional information

Cook Islands has long served as an issuing authority for third-party commemorative programs, with the actual design, production, and distribution handled by private minting houses operating under license. This chameleon issue is one of hundreds produced under that arrangement — the nominal Cook Islands attribution carrying little relationship to the territory itself.

The KM#2857 reference places it within Krause's sprawling modern commemorative catalog, where such pieces are logged but seldom studied. Collector interest lives or dies on the minting house's reputation and the quality of any applied color or surface treatment.

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