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 third design in the Icon series issued by the Pressburg Mint, and 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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