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5 Dollars - Elizabeth II Magnificent Peony

Issuer Cook Islands
Year 2008
Type Non-circulating coin
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Obverse description Right-facing effigy of Queen Elizabeth II wearing the Girls of Great Britain and Ireland tiara, with a pearl drop earring and pearl necklace visible, rendered in the Ian Rank-Broadley portrait style. The legend arcs along the upper curved edge reading ELIZABETH II · 2008 · COOK ISLANDS, while the lower arc bears the inscription · 5oz 999 SILVER ·. The designer's initials IRB appear on the truncation of the bust. The fan-shaped field is otherwise unadorned, with a matte satin finish contrasting against the polished effigy.
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Edge Reeded
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Additional information

The Cook Islands has issued commemorative silver under its own authority since 1972, despite having no independent central bank — New Zealand dollars circulate in practice, making these large-format issues purely numismatic from inception. The Magnificent Peony belongs to a wave of Chinese-market florals produced in the mid-2000s, when Pacific island jurisdictions competed aggressively for that collector demographic.

At five troy ounces, the planchet was sourced and struck by external minting contractors, almost certainly in Europe — the Cook Islands has never operated its own mint facility.

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