1 Dollar - Charles III Hummingbird

正面描述	Uncrowned effigy of King Charles III facing left, rendered in high relief after the portrait by Joel Iskowitz, whose initials 'JC' appear below the truncation. The circular legend reads 'CHARLES III · NIUE 2025 ·' to the left and upper arc, and '· ONE DOLLAR ·' to the right, with '· 1oz 999 SILVER ·' along the lower arc, all separated by raised bullet points. The portrait is finely detailed with naturalistic hair and facial features set against a deeply mirrored proof field.
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正面铭文	CHARLES III · NIUE 2025 · ONE DOLLAR · 1oz 999 SILVER ·
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附加信息	Niue has operated as a vehicle for New Zealand-backed commemorative coinage since the 1970s, licensing its monetary authority to mint programs with essentially no connection to the island's 1,500-person population. The arrangement is straightforward: revenue from collector sales flows to the issuing mint, Niue lends its legal tender status, and the coins never circulate. KM#6775 sits in a catalog stretching into the thousands for this issuer alone — a volume that reflects the scale of the licensing industry rather than any numismatic rarity.

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