Niue's legal tender licensing program has operated since the 1990s, generating revenue for a Pacific island nation of roughly 1,500 people through novelty bullion issues sold entirely to foreign collectors. This plectrum-shaped piece is one of the more literal examples of the format driving the concept — a guitar pick struck in sterling, with no pretense of circulation intent.
Niue's legal tender licensing program has operated since the 1990s, generating revenue for a Pacific island nation of roughly 1,500 people through novelty bullion issues sold entirely to foreign collectors. This plectrum-shaped piece is one of the more literal examples of the format driving the concept — a guitar pick struck in sterling, with no pretense of circulation intent.