| Coin | Silver Ounce 2021 Bull and Bear |
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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, and has also authorised some foreign mints to issue bullion coins under its jurisdiction - including in the internationally popular silver ounce format.
The Bear and the Bull are both known for their incredible and unpredictable strength. The terms “Bear” and “Bull” are thought to derive from the way in which each animal attacks its opponents. The Bull will thrust its horns up into the air, while the Bear will swipe down. Both these terms are used by investors as a quick way to describe their market sentiment regarding specific securities or financial markets. A bear market refers to a receding market, where there is a decline in value. In a contrast, the bull market is when prices are rising. |
| Mint | Bulmint |
Mint Mark | b/m |
Mintage Limit |
(500,000 )
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| Obverse | |
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The obverse of the coin shows the crowned mature head of Queen Elizabeth II facing right (her effigy known as the "Fourth Portrait"). The Queen wears the "Girls of Great Britain and Ireland" diamond tiara, a wedding gift from Queen Mary (Her Majesty's grandmother) in 1947 - which she also has on the Machin and the Gottwald portraits.
In small letters below the head, the artist's initials IRB (for Ian Rank-Broadley).
Around the effigy is the monarch's legend, the date of issue and the value: ELIZABETH II · TOKELAU · 5 DOLLARS · 2021 ·.
The background of the central circle is patterned with geometric motifs. |
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| Reverse | |
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The reverse of the coin depicts a bull, on the left, fighting against a bear, on the right.
Below left, the mint mark of Bulmint which is a circle with a letter inside; when looked at from one angle it is like a capital letter B, and when seen from another angle is a small letter m.
Around above, the precious metal content: 1oz Ag 999.9 Fine Silver (one troy ounce of 99.99% silver). |
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| Reverse Inscription |
1oz Ag 999.9 Fine Silver |
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| Edge | Milled | Edge Inscription | None |
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| Notes | Finish: bullion (Brilliant Uncirculated).
Packaging: loose individual coin, or 20 coins in mint tube. |
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| See also |
Coins in the Bull and Bear bullion series include:
- 1 oz Silver, Bull and Bear, Tokelau 2021
- 1 kg Silver, Bull and Bear, Tokelau 2022
- 1 oz Silver, Bull and Bear, Tokelau 2022
- 1 oz Gold, Bull and Bear, Chad 2023
- 1/10 oz Gold, Bull and Bear, Chad 2023
- 1 kg Silver, Bull and Bear, Chad 2023
- 1 oz Silver, Bull and Bear, Chad 2023
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