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50 Dollars - Elizabeth II Diego de Almagro

Issuer Cook Islands
Year 1992
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Engraver(s) Raphael David Maklouf
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Reverse description Full-length rear-facing figure of the Spanish conquistador Diego de Almagro, clad in period armour, standing with both gauntleted hands resting on the pommel of a sword planted before him. To his left, a robed ecclesiastic stands beside a prominent rock formation, while the ruins of a city are visible in the middle ground. The composition commemorates the quincentenary of the European discovery of the Americas, with the upper legend reading 500 YEARS OF AMERICA 1492-1992 and the denomination 50 DOLLARS inscribed in the lower field.
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Reverse lettering 500 YEARS OF AMERICA 1492-1992 50 DOLLARS
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Additional information

Diego de Almagro led the first European expedition into Chile in 1535–36, crossing the Atacama Desert and Andes in conditions that killed a significant portion of his force. He found none of the gold he was promised and returned to Peru to a political situation that would end in his execution by Francisco Pizarro's men in 1538. Cook Islands issued a long series of explorer-themed crowns through the late 1980s and early 1990s, largely marketed to the collector market rather than circulated — Almagro appearing here is historically apt, if largely overlooked.

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