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50 Cents - Elizabeth II Year of the Horse
| Issuer | Cook Islands |
|---|---|
| Year | 2014 |
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| Composition | Silver (.999) |
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| Obverse description | Crowned and draped effigy of Queen Elizabeth II facing right, as modelled by Raphael David Maklouf, wearing a pearl necklace and drop earring. The portrait is centred in a mirrored proof field, with the engraver's initials RDM visible at the bust truncation. The peripheral legend reads ELIZABETH II COOK ISLANDS 2014 arcing around the upper rim, with the denomination 50 CENTS flanked by two raised dots along the lower rim. |
|---|---|
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| Obverse lettering | ELIZABETH II COOK ISLANDS 2014 RDM · 50 CENTS · |
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| Additional information |
Cook Islands has issued lunar series coinage under New Zealand's monetary umbrella since the 1990s, with the actual striking contracted to external mints rather than any domestic facility — the islands have no mint of their own. The 2014 Horse issue falls within a broader Pacific island pattern of bullion-adjacent collectibles produced primarily for the Asian gift and investment market, where lunar year pieces command consistent demand regardless of issuing authority.
At 15.5 g of .999 silver, this sits below a full troy ounce — a weight point chosen deliberately to lower the entry price without abandoning silver content entirely.