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50 Dollars - Elizabeth II Ferdinand and Isabella
| Issuer | Cook Islands |
|---|---|
| Year | 1992 |
| Type | Non-circulating coin |
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| Obverse description | Right-facing effigy of Queen Elizabeth II wearing the George IV State Diadem, pearl drop earrings, and a pearl necklace, after the portrait by Raphael Maklouf. The legend ELIZABETH II arcs along the left field and COOK ISLANDS along the right field, with the date 1992 positioned in the lower exergue. The designer's initials RDM appear incuse on the truncation of the bust. |
|---|---|
| Obverse script | Latin |
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| Additional information |
This issue commemorates the quincentenary of Columbus's 1492 voyage, a anniversary that generated an enormous wave of commemorative coinage worldwide — Cook Islands among dozens of nations that licensed the theme despite having no historical connection to it. The Ferdinand and Isabella pairing references the Spanish monarchs who funded the expedition after Columbus had been rejected by the Portuguese crown. At .583 fineness, this sits below the standard .999 or .9167 gold used in most bullion issues, a common cost-reduction choice in the commemorative market of the early 1990s.