5 Dollars - Elizabeth II Hedwig

Part of a long-running Cook Islands small-format gold series aimed squarely at the collector market, these fractional pieces carry legal tender status in name only — the islands have no independent monetary system and use the New Zealand dollar in practice. The KM#2875 reference places this firmly within a vast output of licensed issues produced by the Austrian Mint on behalf of Cook Islands, a relationship that has generated hundreds of distinct types since the 1990s.