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5 Dollars - Elizabeth II Millennium
| Issuer | Tuvalu |
|---|---|
| Year | 1998 |
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| Composition | Log in to see details |
| Weight | 31.22 g |
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| Obverse description | Right-facing crowned effigy of Queen Elizabeth II, as modelled by Raphael David Maklouf, occupying the centre of the square flan, wearing the George IV State Diadem and a pearl drop earring. The legend QUEEN ELIZABETH II curves along the upper-left edge and TUVALU along the upper-right edge, separated by raised dot stops, with the date 1998 inscribed below the portrait in the lower field. The deeply mirrored proof fields provide strong contrast against the finely detailed, frosted relief of the effigy. |
|---|---|
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| Edge | Reeded |
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| Additional information |
Tuvalu's commemorative output in the late 1990s was largely contracted through the Perth Mint under licensing arrangements that gave Australia's facility near-complete control over design, striking, and distribution. The millennium coin boom of 1998–2000 was a global phenomenon driven by collector demand rather than any monetary need — Tuvalu had a population of under 11,000 and no meaningful domestic coin circulation to speak of.
Perth Mint production for Tuvalu during this period is generally well-executed, but the commercial rationale was unambiguous: these were made to sell to collectors, not to spend.