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5 Dollars - Elizabeth II Koala and Eucalyptus Leaves

Issuer Cook Islands
Year 2011
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Value 5 Dollars
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Obverse description Right-facing draped bust of Queen Elizabeth II, wearing a tiara and styled after the fourth definitive portrait by Ian Rank-Broadley. The legend 'ELIZABETH II COOK ISLANDS' arcs around the upper periphery, while the denomination '5 DOLLARS' is inscribed along the lower field. The portrait is rendered in high relief with fine detailing on the Queen's hair and drapery.
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Obverse lettering ELIZABETH II COOK ISLANDS 5 DOLLARS
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Additional information

Cook Islands has issued commemorative silver dollars under its own authority since the 1970s, a practice enabled by its self-governing status in free association with New Zealand. The arrangement gives Wellington control over defense and foreign affairs while leaving monetary policy — including the right to issue legal tender coinage — with Rarotonga, a right the islands have exploited extensively through licensing agreements with foreign minting houses targeting the collector market.

KM#1287 is one of hundreds of issues produced under such arrangements, with the actual striking almost certainly handled offshore.

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