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50 Dollars - Elizabeth II Leif Ericson

Issuer Cook Islands
Year 1997
Type Non-circulating coin
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Reverse lettering LEIF ERICSON $50 14 KT
Edge Reeded
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Additional information

Cook Islands issued a wave of commemorative gold pieces through the 1990s under licensing arrangements that had little to do with the islands themselves — this Leif Ericson piece being a clear example. The .5833 fineness is atypical for modern commemoratives, which almost universally use .999 or .9999 gold, and suggests this was produced to a specific fractional gold weight target rather than a purity standard.

Leif Ericson's landfall circa 1000 AD — almost certainly at L'Anse aux Meadows in Newfoundland, confirmed archaeologically in the 1960s — predates Columbus by roughly five centuries, a fact that gave this subject commercial traction across Scandinavian-American collector markets throughout the late 1990s.

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