1 Dollar - Elizabeth II 3rd portrait

Niue's dollar coinage exists largely as a vehicle for commemorative and licensing programs — the island's actual currency in circulation is the New Zealand dollar. By 2010, Niue had become one of the Pacific's most prolific issuing authorities by volume of types, producing coins primarily for the collector market under agreements that generate modest but meaningful revenue for a territory of fewer than 2,000 residents.

KM#198 sits in a sprawling catalog; without confirmed subject matter for this specific issue, the third portrait of Elizabeth II by Ian Rank-Broadley — adopted across Commonwealth territories from 1998 onward — places the die work firmly within that twelve-year window before her fourth portrait replaced it.