5 Dollars - Elizabeth II Year of the Dog

Tokelau's lunar series issues are struck by the New Zealand Mint on behalf of the territory's General Fono, the governing council that formally assumed administrative authority from New Zealand in 2004. Tokelau itself has no mint, no indigenous coinage tradition, and a population under 1,500 — making these coins instruments of revenue rather than circulation, sold directly to collectors at issue price.

The 2018 Dog issue falls within a broader Pacific lunar coin market that expanded sharply after 2010, with several small Pacific jurisdictions competing for the same buyer base.