| Coin | Silver Ounce 2021 Chronos |
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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.
The silver ounce (abbreviated as 1 oz) is an internationally popular format, and is denominated as Five Dollars.
This is the seventh design in the Chronos series of bullion coins which started in 2015, and features changing designs every year, all with the same message referring to the well known phrase "Panta Rhei" by the famous Greek philosopher Heraclitus. "Chronos" (time) is a reference to the lasting value that precious metals have held during human history.
The Mint says about it:
"Panta Rhei" - everything flows and things come and go. When it comes to value, precious metals have always held a crucial position in the world of finance. Nowadays, a safe haven at the very least, a financial norm in the past. Silver currently holds an especially important position in the financial world and we believe it will continue to do so for a long time. Now and forever. |
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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: 5 DOLLARS 2021 ELIZABETH II - TOKELAU.
The date is divided by the portrait - in reference to historical Pressburger mint (after which the modern Pressburg Mint is named) coins issued in the 16th century which had the same feature.
Below the portrait, a geometric motif intended as a symbol of infinity, to both sides of which clockwork mechanisms.
The rim is decorated with a laurel wreath. The background of the central circle is patterned with a texture of complex geometric motifs consisting of thin lines - a feature common for bullion coins made by the Pressburg Mint. |
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| Reverse | |
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The reverse depicts the face of a clock, with the hands showing five minutes to twelve. Instead of XII at the top, the position is marked with Ag (abbreviated from Argentum) - the international symbol for silver in coinage and jewellery.
Around above, the name of the series: CHRONOS; around below, the metal content: 1 oz FINE SILVER 9999 (one troy ounce of 99.99% silver).
In the background, historical watch ornaments - two illustration of mermaids with ship's anchors; between them, a latent image showing vortex textures and an infinity symbol. |
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| Reverse Inscription |
CHRONOS 1 oz FINE SILVER 9999 |
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| Edge | Milled | Edge Inscription | None |
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| Notes | Silver content (Troy oz.): 1.000
Issue price: 39.00€
Mintage limit: 30,000 bullion (Brilliant Uncirculated) coins and 7,500 proof-like coins.
Mintage of these coins seems to be "on demand". The company announces on its web site the mintage limit of the coin, and the number of currently minted coins.
As of 3 March 2023, there were 17,894 minted bullion coins. |
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| See also |
Coins and rounds in the Chronos series include:
- 1 oz Silver Round, Chronos, (Slovakia) 2015
- 1 oz Silver Round, Chronos, (Slovakia) 2016
- 1 oz Silver Round, Chronos, (Slovakia) 2017
- 1 oz Silver Round, Chronos, (Slovakia) 2018
- 1 oz Silver, Chronos, Tokelau 2019
- 1 oz Silver, Chronos, Tokelau 2020
- 1 oz Gold, Chronos, Tokelau 2021
- 1/10 oz Gold, Chronos, Tokelau 2021
- 1 oz Silver, Chronos, Tokelau 2021
- 1 oz Gold, Chronos, Tokelau 2022
- 1/10 oz Gold, Chronos, Tokelau 2022
- 1 oz Silver, Chronos, Tokelau 2022
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