½ Dollar - Charles III Jesus Walks on Water

Niue has operated as a prolific licensing hub for novelty coinage since the 1990s, contracting its monetary authority to third-party mints and distributors who design and market the pieces with minimal involvement from the island's roughly 1,500 residents. The resulting issues circulate as legal tender in name only.

Charles III's accession in 2022 triggered a wholesale re-tooling of obverse dies across dozens of Niue's ongoing commemorative programs.