5 Dollars - Elizabeth II Teddy Bear

Cook Islands has issued commemorative gold miniatures through the New Zealand-administered territory's authority to strike legal tender since the 1970s, a arrangement that has produced hundreds of novelty issues with minimal connection to the islands themselves. This bear-themed piece is one of dozens of small-format gold coins produced for the collector gift market in the mid-2010s, a period when sub-2g gold fractionals proliferated sharply across Pacific island issuers. The 1/20 oz format was favored precisely because it kept retail price points accessible without sacrificing the "solid gold" marketing hook.