Tokelau, known previously as the Tokelau Islands, is a dependent territory of New Zealand in the southern Pacific Ocean. It uses the New Zealand Dollar as circulation currency, but has been issuing a variety of non-circulating coins since 1978. These are denominated in dollars or "Tala" (the local word for dollar) and cents.
The country has also authorised some foreign mints to issue non circulating bullion coins under its jurisdiction, such as this 1 oz (one ounce) gold coin.
This is the third design in the Icon series issued by the Pressburg Mint, and the second of the series issued in gold; it features Marilyn Monroe (1926 - 1962), a famous American actress, singer, and model.
The mint says about the series:
Icon in its many meanings - as a Greek word for image, as a work of art, as a characteristic of a famous person or a thing that represents something of importance. | 
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