Description of the Coin
One side features a circular vault door with many details, such as a combination lock and rotary handle. At the top is the word VAULT; at the bottom, 2023. Long and short strips on the rim are reminiscent of a mechanical combination lock.
The other side features the portrait of Elizabeth II, below IRB (= Ian Rank-Broadley), and around it is the legend ELIZABETH II 20 DOLLARS COOK ISLANDS.
Precious metals like silver enable us to store our savings safely. However, silver needs to be kept safe, too. This required a vault in the past, whereas we use lockers and safes today. Combining both concepts in one coin is the idea behind “Vault.”
The word vault originally referred to strongrooms with vaulted ceilings, where the most precious possessions of a church or a monarch were kept. This was where relics and the state treasury were stored. The modern descendants of medieval vaults are walk-in safes at banks, which have taken ever greater care to protect their own treasures and those of their customers since the 19th century.
The vault is closed by a massive steel door that can only be opened with keys and a secret combination. CIT chose this door as a pars pro toto, a symbol representing the whole, and depicts it with great attention to detail thanks to sophisticated smartminting technology combined with microminting.
Vault is more than a technical masterpiece. It is likely to bring a smile to its owner’s face when they realize that the money they invested in coins is as safe as if it were kept the high-security vault of Fort Knox.
If you want to experience all three dimensions of this coin, you have to watch the corresponding film: