5 Dollars - Elizabeth II Thoroughbred

Cook Islands has issued commemorative five-dollar silver pieces under licensing arrangements for decades, with the actual striking typically contracted to the Pobjoy Mint or the New Zealand Mint rather than any domestic facility — the islands have no mint of their own. The thoroughbred horse series sits within a broader Cook Islands program targeting thematic collector markets, particularly in Europe and North America, where equestrian subjects sell reliably.

KM#3078 does not correspond to a historically motivated issue.