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5 Dollars - Elizabeth II Dolphins

Issuer Cook Islands
Year 1995
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Currency Dollar (1972-date)
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Obverse lettering ELIZABETH II COOK ISLANDS 1995
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Reverse script Latin
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Additional information

Cook Islands issued a substantial run of small-format gold pieces throughout the 1990s under licensing arrangements that gave the territory's government meaningful revenue from collector markets it could never have accessed through circulation alone. These issues were legal tender in name but designed entirely for the international bullion and numismatic trade — New Zealand dollars handled day-to-day commerce on the islands.

At 1.55 g of .9999 fine gold, this sits at the 1/20 oz fractional weight common to the period, when refiners and mints were aggressively competing for the gift and investor markets with small-denomination pieces. KM#416 is one of several Cook Islands fauna-themed issues from 1995.

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