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5 Dollars - Elizabeth II Gold Morgan

Issuer Cook Islands
Year 2019-2023
Type Non-circulating coin
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Obverse description The obverse replicates the classic Morgan dollar design, featuring a left-facing draped bust of Liberty with a coronet inscribed LIBERTY, her hair elaborately coiled and adorned with wheat and cotton blossoms. Eight six-pointed stars are arranged to the left and eight to the right of the effigy along the inner border, separated by a beaded rim. The legend E PLURIBUS UNUM arcs across the upper field, and the date 1964 appears in the lower exergue, referencing the last proposed Morgan dollar year.
Obverse script Latin
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Additional information

The Gold Morgan is a bullion-adjacent collectible series riding the coattails of the original Morgan Dollar's centennial enthusiasm — the classic design having entered the public domain and become fair game for exactly this kind of licensed repackaging. Cook Islands has functioned since the 1970s as a de facto numismatic issuing vehicle for foreign mints seeking a sovereign imprimatur without the overhead of a national mint. The actual striking was handled by external private minting operations, with Cook Islands providing little more than legal tender status on paper.

At 3.11 g of .999 fine gold, the piece contains almost precisely one-tenth troy ounce.

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