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50 Dollars - Elizabeth II Ronald Reagan

Issuer Cook Islands
Year 2004
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Weight 7.78 g
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Obverse description Right-facing crowned effigy of Queen Elizabeth II after the portrait by Raphael David Maklouf, depicting the Queen wearing the Girls of Great Britain and Ireland tiara with a pearl drop earring and a necklace. The legend ELIZABETH II appears to the left of the effigy and COOK ISLANDS to the right, both following the coin's circumference. The date 2004 is inscribed in the lower exergue beneath the bust. The design is rendered in high relief against a mirror-polished proof field.
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Obverse lettering ELIZABETH II COOK ISLANDS RDM 2004
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Additional information

Cook Islands has operated one of the more prolific commemorative bullion programs in the Pacific, licensing its sovereign authority to issue coins for subjects with no geographic connection to the islands whatsoever. This piece was struck during Reagan's first year of death — he died in June 2004 — making it part of an immediate wave of memorial issues that flooded the market that year from multiple minor issuers.

The KM# 123 assignment places it within a catalog sequence that reflects just how many Cook Islands gold issues were registered in this period. Mintage figures for these licensed commemoratives were typically low by design, though "low" in this market was often a sales tool as much as a production reality.

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