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50 Cents - Elizabeth II Columbine

Issuer Cook Islands
Year 2021
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Orientation Medal alignment ↑↑
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Obverse description Right-facing diademed and draped bust effigy of Queen Elizabeth II, after the portrait by Ian Rank-Broadley, centered within the heptagonal field. The legend ELIZABETH II arcs along the left edge, COOK ISLANDS along the right edge, and the date 2021 appears above at the top. The denomination 50 CENTS is inscribed along the lower edge, and the engraver's initials IRB appear below the truncation of the bust.
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Reverse lettering COLUMBINE FLOWER FAIRIES™
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Additional information

The columbine series from Cook Islands falls into a category of modern numismatic product that exists almost entirely for the collector market — Cook Islands has issued commemorative and novelty coinage under licensing arrangements for decades, with the island government receiving a fee while a European distributor handles design, minting, and sales. The actual denomination is nominal; no one spends these.

Silver-plated iron rather than silver proper is characteristic of the lower-cost tier of this licensing model, where spot metal costs are kept minimal while the .999 silver designation on plated pieces refers only to the surface layer.

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